In the wake of the increase in Current Liabilities in the third quarter 2020, Quick Ratio fell to 0.04 a new company low.

Within Blank Checks industry 45 other companies have achieved higher Quick Ratio than Fintech Acquisition Iii in third quarter 2020. While Quick Ratio total ranking in the third quarter 2020 has deteriorated compared to the prior quarter from 1959 to 4685.

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FTAC Quick Ratio	(Sep 30 2020) Q3	(Jun 30 2020) Q2	(Mar 31 2020) Q1	(Dec 31 2019) Q4	(Sep 30 2019) Q3
Y / Y Current Liabilities Change	686.47 %	386.89 %	25.32 %	-17.35 %	22102.73 %
Y / Y Cash & cash equivalent Change	-93.18 %	-90 %	-75.32 %	-99.87 %	-
Quick Ratio MRQ	0.04	0.18	0.5	1.86	4.52
FTAC's Total Ranking	# 4685	# 1959	# 1648	# 865	# 836
Seq. Current Liabilities Change	131.92 %	-8.75 %	274.41 %	-0.75 %	43.58 %
Seq. Cash & cash equivalent Change	-49.29 %	-67.01 %	-0.24 %	-59.15 %	-25.62 %

Quick Ratio third quarter 2020 Company Ranking
Within:	No.
Blank Checks Industry	# 46
Financial Sector	# 960
Overall Market	# 4685

Quick Ratio Statistics
High	Average	Low
8.73	2.62	0.04
(Jun 30 2019)

Financial Statements
Fintech Acquisition Iii's Current Liabilities	$ 2 Millions	Visit FTAC's Balance sheet
Fintech Acquisition Iii's Cash & cash equivalent	$ 0 Millions	Visit FTAC's Balance sheet
Source of FTAC's Sales		Visit FTAC's Sales by Geography

Cumulative Fintech Acquisition Iii's Quick Ratio

FTAC's Quick Ratio for the trailling 12 Months

FTAC Quick Ratio	(Sep 30 2020) 12 Months	(Jun 30 2020) 12 Months	(Mar 31 2020) 12 Months	(Dec 31 2019) 12 Months	(Sep 30 2019) 12 Months
Y / Y Current Liabilities TTM Growth	172.31 %	86.96 %	53.58 %	369.07 %	130067.45 %
Y / Y Cash & cash equivalent TTM Growth	-99.68 %	-99.39 %	-99 %	-98.6 %	-
Quick Ratio TTM	0.29	0.97	2.23	3.52	245.44
Total Ranking TTM	# 2921	# 1481	# 753	# 478	# 482
Seq. Current Liabilities TTM Growth	75.44 %	42.07 %	13.28 %	-3.55 %	20.45 %
Seq. Cash & cash equivalent TTM Growth	-47.77 %	-38.29 %	-28.24 %	-98.62 %	0.32 %

Quick ratio ranking by company, industry and sector >> Back to FTAC Financial Strength Comparisons >> Go to Compare FTAC Quick Ratio to its Competitors

On the trailing twelve months basis Due to in Current Liabilities in the Q3 2020 to $1.92 millions, cumulative Quick Ratio decreased to 0.29 below the Fintech Acquisition Corp Iii average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Blank Checks industry 25 other companies have achieved higher Quick Ratio than Fintech Acquisition Iii. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2020 from 4533 to 4914.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Blank Checks Industry	# 26
Financial Sector	# 776
Within the Market	# 4685

trailing twelve months Quick Ratio Statistics
High	Average	Low
3.52	2.04	0.29
(Dec 31 2019)		(Sep 30 2020)

Companies with similar Quick Ratio in the quarter ending Sep 30 2020, within Blank Checks Industry	Quick Ratio	Sep 30 2020 MRQ Cash & cash equivalent	Sep 30 2020 MRQ Current Liabilities
High Sierra Technologies Inc	0.09	$ 0.042 Millions	$ 0.455 Millions
Multi Solutions Ii Inc	0.09	$ 0.005 Millions	$ 0.051 Millions
Avanti Acquisition Corp.	0.09	$ 0.023 Millions	$ 0.252 Millions
Concord Acquisition Corp	0.09	$ 0.025 Millions	$ 0.278 Millions
Allegro Merger Corp	0.08	$ 0.061 Millions	$ 0.807 Millions
Blockchain Moon Acquisition Corp	0.07	$ 1.050 Millions	$ 14.033 Millions
Lux Health Tech Acquisition Corp.	0.07	$ 0.025 Millions	$ 0.379 Millions
Pine Island Acquisition Corp.	0.07	$ 0.033 Millions	$ 0.504 Millions
Health Assurance Acquisition Corp.	0.06	$ 0.025 Millions	$ 0.385 Millions
Fintech Acquisition Corp Iii	0.04	$ 0.075 Millions	$ 1.921 Millions
Montes Archimedes Acquisition Corp	0.03	$ 0.018 Millions	$ 0.531 Millions
Smsa Crane Acquisition Corp	0.03	$ 0.004 Millions	$ 0.109 Millions
Sentinel Energy Services Inc	0.02	$ 0.006 Millions	$ 0.294 Millions
Lefteris Acquisition Corp.	0.02	$ 0.005 Millions	$ 0.251 Millions
Longevity Acquisition Corp	0.02	$ 0.007 Millions	$ 0.337 Millions
Renewable Energy Acquisition Corp	0.02	$ 0.003 Millions	$ 0.170 Millions
Ridgefield Acquisition Corp	0.01	$ 0.004 Millions	$ 0.326 Millions
Sandston Corp	0.01	$ 0.000 Millions	$ 0.024 Millions

Date modified: 2026-06-22T16:30:24+00:00

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