Mountain Crest Acquisition II (Mountain Crest Acquisition II) Quick Ratio : 0.96 (As of Oct. 2020)

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What is Mountain Crest Acquisition II 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. Mountain Crest Acquisition II's quick ratio for the quarter that ended in Oct. 2020 was 0.96.

Mountain Crest Acquisition II has a quick ratio of 0.96. It indicates that the company cannot currently fully pay back its current liabilities.

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

MCADU's Quick Ratio is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 1.145
* Ranked among companies with meaningful Quick Ratio only.

Mountain Crest Acquisition II Quick Ratio Historical Data

The historical data trend for Mountain Crest Acquisition 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.

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Mountain Crest Acquisition II Quick Ratio Chart

Mountain Crest Acquisition II Annual Data

Trend

Dec20

Quick Ratio

0.40

Mountain Crest Acquisition II Semi-Annual Data
	Oct20
Quick Ratio	0.96

Competitive Comparison of Mountain Crest Acquisition II's Quick Ratio

For the Shell Companies subindustry, Mountain Crest Acquisition 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.

Mountain Crest Acquisition II's Quick Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Mountain Crest Acquisition II's Quick Ratio falls into.

Mountain Crest Acquisition 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.

Mountain Crest Acquisition II's Quick Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Quick Ratio (A: Dec. 2020 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.025	-	0)	/	0.063
	=	0.40

Mountain Crest Acquisition II's Quick Ratio for the quarter that ended in Oct. 2020 is calculated as

Quick Ratio (Q: Oct. 2020 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.025	-	0)	/	0.026
	=	0.96

Mountain Crest Acquisition II (NAS:MCADU) 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.

Mountain Crest Acquisition II Quick Ratio Related Terms

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Mountain Crest Acquisition II (Mountain Crest Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mountain Crest Acquisition Corp II (NAS:MCADU) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

311 West 43rd Street, 12th Floor, New York, NY, USA, 10036

Website

Mountain Crest Acquisition Corp II is a blank check company.

Executives

Frank Karbe	director, officer: See Remarks	C/O MYOVANT SCIENCES INC., 2000 SIERRA POINT PARKWAY, 9TH FLOOR, BRISBANE CA 94005
Elder Granger	director	5176 S. LEWISTON WAY, CENTENNIAL CO 80015
Richard H Carmona	director	1221 BROADWAY, OAKLAND CA 94612
Geoffrey M. Parker	director	15 RIORDAN PLACE, MENLO PARK CA 94025
Risa J Lavizzo-mourey	director	GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 60661
Andrew J. Armanino	director	C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
David P Perry	director, 10 percent owner, officer: See Remarks	1020 EAST MEADOW CIRCLE, PALO ALTO CA 94303
Suying Liu	director	311 WEST 43RD STREET, 12TH FLOOR, NEW YORK NY 10036
Kevin Appelbaum, Or His Successor(s), As Trustee Of The Kevin Appelbaum Revocable Trust Under Revocable Trust Declaration Dated 5/16/2020, As Amended	10 percent owner	548 MARKET STREET, #49404, SAN FRANCISCO CA 94104
David P. Perry 2015 Trust	10 percent owner	548 MARKET STREET, #49404, SAN FRANCISCO CA 94104
Mark A. Berman	officer: Chief Medical Officer	548 MARKET STREET, #49404, SAN FRANCISCO CA 94104
Kevin J Appelbaum	director, 10 percent owner, officer: Chief Executive Officer	4160 DUBLIN BLVD., SUITE 200, DUBLIN CA 94568
Mark Heinen	officer: See Remarks	548 MARKET STREET, #49404, SAN FRANCISCO CA 94104
Justin Zamirowski	officer: Chief Commercial Officer	548 MARKET STREET, #49404, SAN FRANCISCO CA 94104
Kristin Wynholds	officer: Chief Product Officer	548 MARKET STREET, #49404, SAN FRANCISCO CA 94104