Mudrick Capital Acquisition (Mudrick Capital Acquisition) Quick Ratio : 0.02 (As of Mar. 2020)

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What is Mudrick Capital 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. Mudrick Capital Acquisition's quick ratio for the quarter that ended in Mar. 2020 was 0.02.

Mudrick Capital Acquisition has a quick ratio of 0.02. It indicates that the company cannot currently fully pay back its current liabilities.

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

MUDSU' s Quick Ratio Range Over the Past 10 Years
Min: 0.02 Med: 1.45 Max: 18.18
Current: 0.02

During the past 3 years, Mudrick Capital Acquisition's highest Quick Ratio was 18.18. The lowest was 0.02. And the median was 1.45.

MUDSU's Quick Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.115 vs MUDSU: 0.02

Mudrick Capital Acquisition Quick Ratio Historical Data

The historical data trend for Mudrick Capital 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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Mudrick Capital Acquisition Quick Ratio Chart

Mudrick Capital Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Quick Ratio

0.15

0.78

0.92

Mudrick Capital Acquisition Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Quick Ratio	Get a 7-Day Free Trial				0.57	18.18	9.51	0.92	0.02

Competitive Comparison of Mudrick Capital Acquisition's Quick Ratio

For the Shell Companies subindustry, Mudrick Capital 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.

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

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

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

Mudrick Capital 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.

Mudrick Capital Acquisition's Quick Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Quick Ratio (A: Dec. 2019 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.308	-	0)	/	0.335
	=	0.92

Mudrick Capital Acquisition's Quick Ratio for the quarter that ended in Mar. 2020 is calculated as

Quick Ratio (Q: Mar. 2020 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.067	-	0)	/	3.304
	=	0.02

Mudrick Capital Acquisition (NAS:MUDSU) 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.

Mudrick Capital Acquisition Quick Ratio Related Terms

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Mudrick Capital Acquisition (Mudrick Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mudrick Capital Acquisition Corp (NAS:MUDSU) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

527 Madison Avenue, 6th Floor, New York, NY, USA, 10022

Website

Mudrick Capital Acquisition Corp is a blank check company.

Executives

Stanton K Rideout	officer: Executive Vice President & CFO	C/O HYCROFT MINING HOLDING CORPORATION, 8181 E. TUFTS AVE. SUITE 510, DENVER CO 80237
Mudrick Distressed Opportunity Drawdown Fund Gp, Llc	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Drawdown Fund Ii Sc, L.p.	director, 10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Drawdown Fund Ii, L.p.	director, 10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Capital Management Llc	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Senior Secured Fund Global, L.p.	director, 10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Capital Acquisition Holdings Llc	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Drawdown Fund, L.p.	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Specialty Fund, L.p.	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Gp, Llc	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Fund Global, Lp	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Capital Management, L.p.	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Jason Mudrick	director, 10 percent owner	C/O MUDRICK CAPITAL MANAGEMENT, L.P., 527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Senior Secured Fund Gp, Llc	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Drawdown Fund Ii Gp, Llc	director, 10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022