ExcelFin Acquisition (ExcelFin Acquisition) Quick Ratio : 0.05 (As of Mar. 2024)

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What is ExcelFin Acquisition Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. ExcelFin Acquisition's quick ratio for the quarter that ended in Mar. 2024 was 0.05.

ExcelFin Acquisition has a quick ratio of 0.05. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for ExcelFin Acquisition's Quick Ratio or its related term are showing as below:

XFINU' s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.29 Max: 1.45
Current: 0.05

During the past 3 years, ExcelFin Acquisition's highest Quick Ratio was 1.45. The lowest was 0.01. And the median was 0.29.

XFINU's Quick Ratio is ranked worse than
76.78% of 547 companies
in the Diversified Financial Services industry
Industry Median: 1.14 vs XFINU: 0.05

ExcelFin Acquisition Quick Ratio Historical Data

The historical data trend for ExcelFin Acquisition's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ExcelFin Acquisition Quick Ratio Chart

ExcelFin Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Quick Ratio

1.45

0.34

0.01

ExcelFin Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Quick Ratio	Get a 7-Day Free Trial								0.23	0.06	0.04	0.01	0.05

Competitive Comparison of ExcelFin Acquisition's Quick Ratio

For the Shell Companies subindustry, ExcelFin Acquisition's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ExcelFin Acquisition's Quick Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ExcelFin Acquisition's Quick Ratio distribution charts can be found below:

* The bar in red indicates where ExcelFin Acquisition's Quick Ratio falls into.

ExcelFin Acquisition Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

ExcelFin Acquisition's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.118	-	0)	/	10.328
	=	0.01

ExcelFin Acquisition's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.697	-	0)	/	12.817
	=	0.05

ExcelFin Acquisition (NAS:XFINU) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.

ExcelFin Acquisition Quick Ratio Related Terms

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