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Investcorp India Acquisition (Investcorp India Acquisition) Current Ratio : 0.28 (As of Dec. 2023)


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What is Investcorp India Acquisition Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Investcorp India Acquisition's current ratio for the quarter that ended in Dec. 2023 was 0.28.

Investcorp India Acquisition has a current ratio of 0.28. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Investcorp India Acquisition has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Investcorp India Acquisition's Current Ratio or its related term are showing as below:

IVCA' s Current Ratio Range Over the Past 10 Years
Min: 0.28   Med: 1.05   Max: 4.6
Current: 0.28

During the past 3 years, Investcorp India Acquisition's highest Current Ratio was 4.60. The lowest was 0.28. And the median was 1.05.

IVCA's Current Ratio is ranked worse than
62.06% of 543 companies
in the Diversified Financial Services industry
Industry Median: 1.17 vs IVCA: 0.28

Investcorp India Acquisition Current Ratio Historical Data

The historical data trend for Investcorp India Acquisition's Current 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.

Investcorp India Acquisition Current Ratio Chart

Investcorp India Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Current Ratio
1.05 4.60 0.28

Investcorp India Acquisition Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 4.60 4.78 1.73 0.45 0.28

Competitive Comparison of Investcorp India Acquisition's Current Ratio

For the Shell Companies subindustry, Investcorp India Acquisition's Current Ratio, along with its competitors' market caps and Current 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.


Investcorp India Acquisition's Current Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Investcorp India Acquisition's Current Ratio falls into.



Investcorp India Acquisition Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Investcorp India Acquisition's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=0.469/1.664
=0.28

Investcorp India Acquisition's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=0.469/1.664
=0.28

* 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.


Investcorp India Acquisition  (NAS:IVCA) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Investcorp India Acquisition Current Ratio Related Terms

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Investcorp India Acquisition (Investcorp India Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
Elgin Avenue, PO Box 1111, Century Yard, Cricket Square, George Town, CYM, KY1-1102
Website
Investcorp India Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Manpreet Singh director C/O FOUNDER SPAC, 11752 LAKE POTOMAC DRIVE, ROCKVILLE MD 20854
Ice I Holdings Pte. Ltd. 10 percent owner CENTURY YARD, CRICKET SQUARE, ELGIN AVENUE, PO BOX 1111, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102
Girish Vanvari director C/O INVESTCORP INDIA ACQUISITION CORP., ELGIN AVENUE, PO BOX 1111, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102
Dean Clinton director, officer: Principal Financial Officer C/O INVESTCORP INDIA ACQUISITION CORP., ELGIN AVENUE, PO BOX 1111, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102
Nikhil Kalghatgi director, officer: Principal Executive Officer C/O INVESTCORP INDIA ACQUISITION CORP., ELGIN AVENUE, PO BOX 1111, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102
Rishi Kapoor director C/O INVESTCORP INDIA ACQUISITION CORP., ELGIN AVENUE, PO BOX 1111, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102
Kunal Bahl director C/O INVESTCORP INDIA ACQUISITION CORP., ELGIN AVENUE, PO BOX 1111, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102
Ashwini Asokan director C/O INVESTCORP INDIA ACQUISITION CORP., ELGIN AVENUE, PO BOX 1111, GEORGE TOWN, GRAND CAYMAN E9 KY1-1102

Investcorp India Acquisition (Investcorp India Acquisition) Headlines