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Crescera Capital Acquisition (Crescera Capital Acquisition) Quick Ratio : 0.35 (As of Sep. 2023)


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What is Crescera 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. Crescera Capital Acquisition's quick ratio for the quarter that ended in Sep. 2023 was 0.35.

Crescera Capital Acquisition has a quick ratio of 0.35. It indicates that the company cannot currently fully pay back its current liabilities.

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

CREEF' s Quick Ratio Range Over the Past 10 Years
Min: 0.01   Med: 2.67   Max: 5.79
Current: 0.35

During the past 2 years, Crescera Capital Acquisition's highest Quick Ratio was 5.79. The lowest was 0.01. And the median was 2.67.

CREEF's Quick Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.17 vs CREEF: 0.35

Crescera Capital Acquisition Quick Ratio Historical Data

The historical data trend for Crescera 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.

* Premium members only.

Crescera Capital Acquisition Quick Ratio Chart

Crescera Capital Acquisition Annual Data
Trend Dec21 Dec22
Quick Ratio
5.79 2.83

Crescera Capital Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 4.24 2.83 2.51 0.94 0.35

Competitive Comparison of Crescera Capital Acquisition's Quick Ratio

For the Shell Companies subindustry, Crescera 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.


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

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

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



Crescera 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.

Crescera Capital Acquisition's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.893-0)/0.315
=2.83

Crescera Capital Acquisition's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.111-0)/0.316
=0.35

* 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.


Crescera Capital Acquisition  (OTCPK:CREEF) 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.


Crescera Capital Acquisition Quick Ratio Related Terms

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Crescera Capital Acquisition (Crescera Capital Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
Rua Aníbal de Mendonca, 27, 2nd floor, Rio de Janeiro, RJ, BRA, 22410-050
Crescera Capital Acquisition Corp is a blank check company.
Executives
Bank Of America Corp /de/ other: Former 10% Owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Bofa Securities, Inc. other: Former 10% Owner 100 N TRYON ST, NC1-007-14-30, CHARLOTTE NC 28255
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Pavarina Denise Pauli director C/O CRESCERA CAPITAL ACQUISITION CORP., RUA ANIBAL DE MENDONCA, 27, 2ND FLOOR,, RIO DE JANEIRO, RJ D5 2410-050
Danvila Jaime Cardoso director C/O CRESCERA CAPITAL ACQUISITION CORP., RUA ANIBAL DE MENDONCA, 27, 2ND FLOOR,, RIO DE JANEIRO, RJ D5 2410-050
Daniel Arthur Borghi director C/O CRESCERA CAPITAL ACQUISITION CORP., RUA ANIBAL DE MENDONCA, 27, 2ND FLOOR,, RIO DE JANEIRO, RJ D5 2410-050
Cc Sponsor Llc 10 percent owner RUA ANIBAL DE MENDONCA, 27, 2ND FLOOR, RIO DE JANEIRO, RJ D5 22410-050
Carvalho Laura Guarana officer: Chief Financial Officer C/O CRESCERA CAPITAL ACQUISITION CORP., RUA ANIBAL DE MENDONCA, 27, 2ND FLOOR,, RIO DE JANEIRO, RJ D5 2410-050
Sadir Prieto Rossana Isabel director C/O CRESCERA CAPITAL ACQUISITION CORP., RUA ANIBAL DE MENDONCA, 27, 2ND FLOOR,, RIO DE JANEIRO, RJ D5 2410-050
Felipe Samuel Argalji officer: Chief Executive Officer C/O CRESCERA CAPITAL ACQUISITION CORP., RUA ANIBAL DE MENDONCA, 27, 2ND FLOOR,, RIO DE JANEIRO, RJ D5 2410-050
Dias Fonseca Da Silva Flavio director C/O CRESCERA CAPITAL ACQUISITION CORP., RUA ANIBAL DE MENDONCA, 27, 2ND FLOOR, RIO DE JANEIRO D5 22410-050