What is Aldel Financial II Inc.'s quick ratio?

Aldel Financial II Inc. (ALDF) reported quick ratio of 1.1× in Q3 2024.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Aldel Financial II Inc. ALDF Quick ratio

Quick ratio at other companies

ENH

Enhanced Group Inc. Class AENHA

1×—

BDC

BTC Development Corp. BDCI

13.7×—

CEP

Cantor Equity Partners II, Inc. Class A Ordinary ShareCEPT

0.1×—

FCR

FutureCrest Acquisition FCRS

1×—

JAC

Jackson Acquisition Company IIJACS

1.1×-1.2×

ATI

Archimedes Tech SPAC Partners II Co. Ordinary SharesATII

3.9×-7.8×

Other financials

Income statement

See full

Operating income-$219.7K-33.3%

Net income$1.9M-15.3%

EPS (diluted)$0.06-9.1%

Balance sheet

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Cash & equivalents$364.6K-58.5%

Total equity$431.8K-62.1%

Total assets$245.6M+3.8%

Cash flow

See full

Operating cash flow$1.9M-14.9%

Valuation

See full

Market cap$318.4M+1.7%

P/E37.8×—

Returns & leverage

See full

Return on equity970.9%—

Current ratio1.1×—

Where this comes from

Calculated from Aldel Financial II Inc.’s reported figures.

quick assets/total current liabilities=1.1×

Based on the most recent quarter.

The official record: Aldel Financial II Inc.’s 10-Q, filed November 12, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Aldel Financial II Inc.'s quick ratio?: Aldel Financial II Inc. (ALDF) reported quick ratio of 1.1× in Q3 2024.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.