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GO Acquisition Quick Ratio

: 0.07 (As of Mar. 2022)
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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. GO Acquisition's quick ratio for the quarter that ended in Mar. 2022 was 0.07.

GO Acquisition has a quick ratio of 0.07. It indicates that the company cannot currently fully pay back its current liabilities.

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

GOAC' s Quick Ratio Range Over the Past 10 Years
Min: 0.07   Med: 1.46   Max: 4.04
Current: 0.07

During the past 2 years, GO Acquisition's highest Quick Ratio was 4.04. The lowest was 0.07. And the median was 1.46.

GOAC's Quick Ratio is ranked worse than
90.29% of 834 companies
in the Diversified Financial Services industry
Industry Median: 1.18 vs GOAC: 0.07

GO Acquisition Quick Ratio Historical Data

The historical data trend for GO 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.

GO Acquisition Annual Data
Trend Dec20 Dec21
Quick Ratio
3.26 0.08

GO Acquisition Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Quick Ratio Premium Member Only Premium Member Only Premium Member Only 2.53 2.45 0.32 0.08 0.07

Competitive Comparison

For the Shell Companies subindustry, GO 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.

   

GO Acquisition Quick Ratio Distribution

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

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



GO 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.

GO Acquisition's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.192-0)/2.404
=0.08

GO Acquisition's Quick Ratio for the quarter that ended in Mar. 2022 is calculated as

Quick Ratio (Q: Mar. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.185-0)/2.821
=0.07

* 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.


GO Acquisition  (NYSE:GOAC) 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.


GO Acquisition Quick Ratio Related Terms

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GO Acquisition Business Description

GO Acquisition logo
Traded in Other Exchanges
Address
450 West 14th Street, 15th Floor, New York, NY, USA, 10014
GO Acquisition Corp is a blank check company.
Executives
Ohara Michael Gregory director, 10 percent owner, officer: Co-Chief Executive Officer C/O CERTARES MANAGEMENT LLC 350 MADISON AVENUE, 8TH FLOOR NEW YORK NY 10017
San Miguel Alejandro R. officer: Vice President and Secretary C/O GLG PARTNERS LP 1 CURZON STREET LONDON X0 W1J 5HB
Gottesman Noam director, 10 percent owner, officer: Co-Chief Executive Officer C/O TOMS CAPITAL LLC 450 WEST 14TH STREET, 13TH FLOOR NEW YORK NY 10014
Corio Norma director C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
Weltsch Guy officer: President and CFO C/O GO ACQUISITION CORP. 460 W 14TH ST NEW YORK NY 10014
Go Acquisition Founder Llc 10 percent owner 450 W 14TH STREET NEW YORK NY 10014
Marsden Spencer officer: Vice President C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
Isaacs Jeremy Michael director C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
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