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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. Kensington Capital Acquisition V's quick ratio for the quarter that ended in Dec. 2023 was 0.40.
Kensington Capital Acquisition V has a quick ratio of 0.40. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Kensington Capital Acquisition V's Quick Ratio or its related term are showing as below:
During the past 3 years, Kensington Capital Acquisition V's highest Quick Ratio was 8.99. The lowest was 0.40. And the median was 2.04.
The historical data trend for Kensington Capital Acquisition V'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.
Kensington Capital Acquisition V Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Quick Ratio | 8.99 | 2.04 | 0.40 |
Kensington Capital Acquisition V Quarterly Data | ||||||||||||
Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Quick Ratio | Get a 7-Day Free Trial | 2.04 | 0.78 | 0.47 | 0.49 | 0.40 |
For the Shell Companies subindustry, Kensington Capital Acquisition V'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, Kensington Capital Acquisition V's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kensington Capital Acquisition V'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.
Kensington Capital Acquisition V's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Quick Ratio (A: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (1.35 | - | 0) | / | 3.374 | |
= | 0.40 |
Kensington Capital Acquisition V's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as
Quick Ratio (Q: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (1.35 | - | 0) | / | 3.374 | |
= | 0.40 |
* 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.
Kensington Capital Acquisition V (NYSE:KCGI) 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 Kensington Capital Acquisition V's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter Allan Goode | officer: Chief Technology Officer | C/O KENSINGTON CAPITAL ACQUISITION CORP., 1400 OLD COUNTRY ROAD, SUITE 301, WESTBURY NY 11590 |
William E Kassling | director | C/O WASTEC, 10001 AIR BREAK AVE, WILMERDING PA 15148 |
Steeg Nickolas Vande | director | PARKER HANNIFIN CORP, 6035 PARKLAND BLVD, CLEVELAND OH 44112 |
Mitchell I Quain | director | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Justin E Mirro | director, 10 percent owner, officer: See Remarks | 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168 |
Anders Pettersson | director | CARITASGATAN 23A, LIMHAMN V7 216 18 |
Daniel Elliot Huber | officer: Chief Financial Officer | 3355 PIERSON DRIVE, WILMINGTON DE 19810 |
John Andrew Arney | director, officer: Vice Chairman and President | 7-10 ADAM STREET, LONDON X0 WC2N 6AA |
Mark Robertshaw | director | BOSINNEY, THE LEIGH, KINGSTON UPON THAMES, SURREY X0 KT2 7DS |
Julian Philipp Ameler | officer: Head of Business Development | 7-10 ADAM STREET, LONDON X0 WC2N 6AA |
Kensington Capital Sponsor V Llc | 10 percent owner | 1400 OLD COUNTRY ROAD, SUITE 301, WESTBURY NY 11590 |
From GuruFocus
By PRNewswire • 07-28-2023
By PRNewswire PRNewswire • 10-01-2021
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