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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. Andina Acquisition III's quick ratio for the quarter that ended in Mar. 2021 was 0.08.
Andina Acquisition III has a quick ratio of 0.08. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Andina Acquisition III's Quick Ratio or its related term are showing as below:
During the past 5 years, Andina Acquisition III's highest Quick Ratio was 77.29. The lowest was 0.08. And the median was 12.72.
The historical data trend for Andina Acquisition III'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.
Andina Acquisition III Annual Data | |||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | ||||||
Quick Ratio | - | - | - | 60.17 | 0.22 |
Andina Acquisition III Quarterly Data | ||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | |
Quick Ratio | Get a 7-Day Free Trial | 12.72 | 0.28 | 0.37 | 0.22 | 0.08 |
For the Shell Companies subindustry, Andina Acquisition III'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.
For the Diversified Financial Services industry and Financial Services sector, Andina Acquisition III's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Andina Acquisition III's Quick Ratio falls into.
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.
Andina Acquisition III'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 |
= | (0.198 | - | 0) | / | 0.883 | |
= | 0.22 |
Andina Acquisition III's Quick Ratio for the quarter that ended in Mar. 2021 is calculated as
Quick Ratio (Q: Mar. 2021 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (0.121 | - | 0) | / | 1.508 | |
= | 0.08 |
* 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.
Andina Acquisition III (NAS:ANDAU) 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.
Thank you for viewing the detailed overview of Andina Acquisition III's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Glazer Capital, Llc | 10 percent owner | 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019 |
Paul J Glazer | 10 percent owner | 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
Raju Roman | director | C/O ANDINA ACQUISITION CORP. III, 250 WEST 57TH STREET, NEW YORK NY 10107 |
Walter Milton Schenker | director | 1130 ROUTE 46, SUITE 22, PARSIPPANY NJ 07054 |
Julio A. Torres | director, officer: Chief Executive Officer | CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX |
B. Luke Weil | director | CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX |
David Schulhof | director | C/O MAGNA MANAGEMENT LLC, 40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005 |
Marjorie Hernandez | officer: Treasurer | 250 WEST 57TH ST., NEW YORK NY 10107 |
Mauricio Orellana | director, officer: Chief Financial Officer | 250 WEST 57TH ST., NEW YORK NY 10107 |
Kibble Matthew S.n. | director | 250 WEST 57TH ST., NEW YORK NY 10107 |
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