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Vantage Energy Acquisition Quick Ratio

: 0.01 (As of Dec. 2018)
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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. Vantage Energy Acquisition's quick ratio for the quarter that ended in Dec. 2018 was 0.01.

Vantage Energy Acquisition has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.

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

VEACU' s Quick Ratio Range Over the Past 10 Years
Min: 0.01   Med: 1.71   Max: 3.41
Current: 0.01

During the past 2 years, Vantage Energy Acquisition's highest Quick Ratio was 3.41. The lowest was 0.01. And the median was 1.71.

VEACU's Quick Ratio is not ranked
in the Conglomerates industry.
Industry Median: 1.09 vs VEACU: 0.01

Vantage Energy Acquisition Quick Ratio Historical Data

The historical data trend for Vantage Energy 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.

* Premium members only.

Vantage Energy Acquisition Annual Data
Trend Dec17 Dec18
Quick Ratio
3.41 0.01

Vantage Energy Acquisition Quarterly Data
Feb17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Quick Ratio Premium Member Only Premium Member Only Premium Member Only 3.41 0.87 0.45 0.09 0.01

Competitive Comparison

For the Conglomerates subindustry, Vantage Energy 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.

   

Vantage Energy Acquisition Quick Ratio Distribution

For the Conglomerates industry and Industrials sector, Vantage Energy Acquisition's Quick Ratio distribution charts can be found below:

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



Vantage Energy 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.

Vantage Energy Acquisition's Quick Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Quick Ratio (A: Dec. 2018 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.05-0)/3.484
=0.01

Vantage Energy Acquisition's Quick Ratio for the quarter that ended in Dec. 2018 is calculated as

Quick Ratio (Q: Dec. 2018 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.05-0)/3.484
=0.01

* 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.


Vantage Energy Acquisition  (NAS:VEACU) 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.


Vantage Energy Acquisition Quick Ratio Related Terms

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Vantage Energy Acquisition Business Description

Vantage Energy Acquisition logo
Traded in Other Exchanges
N/A
Address
5221 N. O’Connor Boulevard, 11th Floor, Irving, TX, USA, 75039
Website
Vantage Energy Acquisition Corp is a blank check company.
Executives
Glick Craig S director 6122 NORWAY DALLAS TX 75230
Gieselman Scott director REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Gannon Justin A. director 3 CHESTER DOWNS SAN ANTONIO TX 78257
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