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Apollo Strategic Growth Capital II (NYSE:APGB) Quick Ratio

: 0.06 (As of Jun. 2023)
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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. Apollo Strategic Growth Capital II's quick ratio for the quarter that ended in Jun. 2023 was 0.06.

Apollo Strategic Growth Capital II has a quick ratio of 0.06. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Apollo Strategic Growth Capital II's Quick Ratio or its related term are showing as below:

APGB' s Quick Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.13   Max: 1.07
Current: 0.06

During the past 4 years, Apollo Strategic Growth Capital II's highest Quick Ratio was 1.07. The lowest was 0.03. And the median was 0.13.

APGB's Quick Ratio is ranked worse than
78.62% of 669 companies
in the Diversified Financial Services industry
Industry Median: 0.52 vs APGB: 0.06

Apollo Strategic Growth Capital II Quick Ratio Historical Data

The historical data trend for Apollo Strategic Growth Capital II'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.

* Premium members only.

Apollo Strategic Growth Capital II Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Quick Ratio
- 1.00 0.26 0.04

Apollo Strategic Growth Capital II Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.07 0.04 0.03 0.06

Competitive Comparison

For the Shell Companies subindustry, Apollo Strategic Growth Capital II'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.

   

Apollo Strategic Growth Capital II Quick Ratio Distribution

For the Diversified Financial Services industry and Financial Services sector, Apollo Strategic Growth Capital II's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Apollo Strategic Growth Capital II's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.



Apollo Strategic Growth Capital II 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.

Apollo Strategic Growth Capital II's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.426-0)/10.227
=0.04

Apollo Strategic Growth Capital II's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.717-0)/12.321
=0.06

* 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.


Apollo Strategic Growth Capital II  (NYSE:APGB) 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.


Apollo Strategic Growth Capital II Quick Ratio Related Terms

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Apollo Strategic Growth Capital II (NYSE:APGB) Business Description

Apollo Strategic Growth Capital II logo
Traded in Other Exchanges
Address
9 West 57th Street, 42rd Floor, New York, NY, USA, 10019
Apollo Strategic Growth Capital II is a blank check company.
Executives
Public Sector Pension Investment Board 10 percent owner 1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Apollo Principal Holdings Iii, L.p. 10 percent owner C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Apollo Principal Holdings Iii Gp Ltd 10 percent owner C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Angela Sun director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80236
Scott Kleinman director C/O APOLLO MANAGEMENT L P, 1301 AVENUE OF THE AMERICANS 38TH FL., NEW YORK NY 10018
Nathaniel Lipman director 6 HIGH RIDGE PARK, STAMFORD CT 06905
Melvin Parker director 2424 GARDEN OF THE GODS RD, SUITE 300, COLORADO SPRINGS CO 80919
James Crossen officer: CFO, CAO & Secretary 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apsg Sponsor Ii, L.p. 10 percent owner 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Sanjay H Patel director, officer: Chief Executive Officer C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, NEW YORK NY 10019
Ap Caps Ii Holdings Gp, Llc 10 percent owner C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN E9 KY1-9008

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