AGBA Acquisition Quick ratio
What is the Quick ratio of AGBA Acquisition?
The Quick ratio of AGBA Acquisition Limited is 0.59
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Finance sector on NASDAQ compared to AGBA Acquisition
What does AGBA Acquisition do?
AGBA Acquisition Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the healthcare, education, entertainment, and financial services sectors in China. The company was incorporated in 2018 and is based in Tsim Sha Tsui, Hong Kong.
Companies with quick ratio similar to AGBA Acquisition
- Ashnoor Textile Mills has Quick ratio of 0.59
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- AGBA Acquisition has Quick ratio of 0.59
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- Mylan NV has Quick ratio of 0.59
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