Cova Acquisition Quick Ratio (COVA) starting from the third quarter 2022 to third quarter 2021, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Cova Acquisition Corp   (NASDAQ: COVA)
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial

Cova Acquisition 's Quick Ratio

COVA's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the third quarter 2022, Quick Ratio fell to 0 a new company low.

Within Blank Checks industry 440 other companies have achieved higher Quick Ratio than Cova Acquisition in third quarter 2022. While Quick Ratio total ranking has improved so far during the Q3 2022 to 6124, from total ranking in the second quarter 2022 at 6153.

Explain Quick Ratio?
How much Cash & cash equivalents COVA´s has?
What are COVA´s Current Liabilities?




COVA Quick Ratio (Sep 30 2022)
Q3
(Jun 30 2022)
Q2
(Mar 31 2022)
Q1
(Dec 31 2021)
Q4
(Sep 30 2021)
Q3
Y / Y Current Liabilities Change 20472.7 % 91065.2 % 8813.22 % 153.48 % -
Y / Y Cash & cash equivalent Change -99.22 % -99.39 % -99.75 % - -
Quick Ratio MRQ 0 0 0 0.01 14.25
COVA's Total Ranking # 6124 # 6153 # 6064 # 5827 # 407
Seq. Current Liabilities Change 12.02 % 275.06 % 105.55 % 2282.29 % 396.39 %
Seq. Cash & cash equivalent Change 0 % 0 % -65.97 % -97.71 % -21.59 %



Quick Ratio third quarter 2022 Company Ranking
Within: No.
Blank Checks Industry # 441
Financial Sector # 1354
Overall Market # 6124


Quick Ratio Statistics
High Average Low
90.2 17.41 0
(Jun 30 2021)   (Sep 30 2022)




Financial Statements
Cova Acquisition 's Current Liabilities $ 5 Millions Visit COVA's Balance sheet
Cova Acquisition 's Cash & cash equivalent $ 0 Millions Visit COVA's Balance sheet
Source of COVA's Sales Visit COVA's Sales by Geography


Cumulative Cova Acquisition 's Quick Ratio

COVA's Quick Ratio for the trailling 12 Months

COVA Quick Ratio

(Sep 30 2022)
12 Months
(Jun 30 2022)
12 Months
(Mar 31 2022)
12 Months
(Dec 31 2021)
12 Months
(Sep 30 2021)
12 Months
Y / Y Current Liabilities TTM Growth 4045.32 % 2436.59 % 643.8 % 172.11 % -
Y / Y Cash & cash equivalent TTM Growth -99.15 % -76.46 % -26.46 % - -
Quick Ratio TTM 0 0.06 0.44 3.03 6.91
Total Ranking TTM # 4765 # 4738 # 4637 # 4610 # 2697
Seq. Current Liabilities TTM Growth 79.52 % 247.94 % 189.33 % 129.38 % 9.85 %
Seq. Cash & cash equivalent TTM Growth -95.55 % -54.97 % -57.56 % 0.42 % 22.67 %


On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2022 to $4.53 millions, cumulative Quick Ratio decreased to 0 below the Cova Acquisition Corp average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Blank Checks industry 395 other companies have achieved higher Quick Ratio than Cova Acquisition . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2022 from 4738 to 4765.

Explain Quick Ratio?
How much Cash & cash equivalents COVA´s has?
What are COVA´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Blank Checks Industry # 396
Financial Sector # 533
Within the Market # 4765


trailing twelve months Quick Ratio Statistics
High Average Low
0.67 0.29 0
(Dec 31 2021)   (Sep 30 2022)




Companies with similar Quick Ratio in the quarter ending Sep 30 2022, within Blank Checks Industry Quick RatioSep 30 2022 MRQ Cash & cash equivalentSep 30 2022 MRQ Current Liabilities
Austerlitz Acquisition Corporation Ii 0.00 $ 0.001  Millions$ 0.910  Millions
Liv Capital Acquisition Corp Ii 0.00 $ 0.004  Millions$ 5.574  Millions
Cova Acquisition Corp 0.00 $ 0.002  Millions$ 4.531  Millions
Aetherium Acquisition Corp 0.00 $ 0.001  Millions$ 4.128  Millions

Date modified: 2026-09-26T07:40:22+00:00



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