Churchill Capital Corp III Quick ratio

What is the Quick ratio of Churchill Capital Corp III?

The Quick ratio of Churchill Capital Corp III is 0.12

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 NYSE compared to Churchill Capital Corp III

What does Churchill Capital Corp III do?

Churchill Capital Corp III intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Butler Acquisition Corp. Churchill Capital Corp III was founded in 2019 and is based in New York, New York.

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