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Global Star Acquisition Inc   (GLSTU)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial

Global Star Acquisition Inc 's Quick Ratio

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


Global Star Acquisition Inc 's Cash & cash equivalent grew by 111.06 % in the II Quarter 2024 sequentially, faster than Current Liabilities, this led to improvement in Global Star Acquisition Inc 's Quick Ratio to 0.23, Quick Ratio remained below Global Star Acquisition Inc average.

Within Blank Checks industry 12 other companies have achieved higher Quick Ratio than Global Star Acquisition Inc in second quarter 2024. While Quick Ratio total ranking has improved so far during the II Quarter 2024 to 1584, from total ranking in the first quarter 2024 at 2328.

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


GLSTU Quick Ratio (Jun 30 2024)
II. Quarter
(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
Y / Y Current Liabilities Change 513.71 % 406.78 % 507.89 % - -
Y / Y Cash & cash equivalent Change 348.24 % 12.93 % 71.72 % - -
Quick Ratio MRQ 0.23 0.16 0.41 0.69 0.32
GLSTU's Total Ranking # 1584 # 2328 # 1450 # 2050 # 2837
Seq. Current Liabilities Change 41.58 % 11.87 % 5.22 % 268.23 % 16.91 %
Seq. Cash & cash equivalent Change 111.06 % -57.44 % -37.66 % 700.55 % -46.82 %



Quick Ratio second quarter 2024 Company Ranking
Within: No.
Blank Checks Industry # 13
Financial Sector # 306
Overall Market # 1584


Quick Ratio Statistics
High Average Low
1.45 0.57 0.16
(Dec 31 2022)   (Mar 31 2024)




Financial Statements
Global Star Acquisition Inc 's Current Liabilities $ 6 Millions Visit GLSTU's Balance sheet
Global Star Acquisition Inc 's Cash & cash equivalent $ 1 Millions Visit GLSTU's Balance sheet
Source of GLSTU's Sales Visit GLSTU's Sales by Geography


Cumulative Global Star Acquisition Inc 's Quick Ratio

GLSTU's Quick Ratio for the trailling 12 Months

GLSTU Quick Ratio

(Jun 30 2024)
II. Quarter
(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
Y / Y Current Liabilities TTM Growth 513.71 % 406.78 % 507.89 % - -
Y / Y Cash & cash equivalent TTM Growth 348.24 % 12.93 % 71.72 % - -
Quick Ratio TTM 0.35 0.4 0.54 0.71 0.74
Total Ranking TTM # 1265 # 2547 # 2102 # 2622 # 2331
Seq. Current Liabilities TTM Growth 41.58 % 11.87 % 5.22 % 268.23 % 16.91 %
Seq. Cash & cash equivalent TTM Growth 111.06 % -57.44 % -37.66 % 700.55 % -46.82 %


On the trailing twelve months basis Due to jump in Current Liabilities in the II Quarter 2024 to $5.81 millions, cumulative Quick Ratio decreased to 0.35 below the Global Star Acquisition Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Blank Checks industry 7 other companies have achieved higher Quick Ratio than Global Star Acquisition Inc . While Quick Ratio overall ranking has improved so far to 1265, from total ranking during the twelve months ending first quarter 2024 at 2547.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Blank Checks Industry # 8
Financial Sector # 46
Within the Market # 1265


trailing twelve months Quick Ratio Statistics
High Average Low
0.71 0.5 0.35
(Sep 30 2023)   (Jun 30 2024)




Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Blank Checks Industry Quick RatioJun 30 2024 MRQ Cash & cash equivalentJun 30 2024 MRQ Current Liabilities
Quetta Acquisition Corporation  0.51 $ 0.334  Millions$ 0.654  Millions
Silverbox Corp Iii  0.40 $ 0.328  Millions$ 0.821  Millions
Alchemy Investments Acquisition Corp 1  0.39 $ 0.572  Millions$ 1.486  Millions
Multi Solutions Ii Inc  0.37 $ 0.002  Millions$ 0.006  Millions
Integral Acquisition Corporation 1  0.34 $ 0.973  Millions$ 2.893  Millions
Mars Acquisition Corp   0.28 $ 0.207  Millions$ 0.745  Millions
Dp Cap Acquisition Corp I  0.27 $ 0.373  Millions$ 1.377  Millions
  0.26 $ 1.902  Millions$ 7.331  Millions
Kensington Capital Acquisition Corp V  0.25 $ 0.879  Millions$ 3.498  Millions
Global Star Acquisition Inc   0.23 $ 1.354  Millions$ 5.812  Millions
Dmy Squared Technology Group Inc   0.19 $ 0.406  Millions$ 2.127  Millions
Southport Acquisition Corporation  0.15 $ 0.491  Millions$ 3.233  Millions
Bukit Jalil Global Acquisition 1 Ltd   0.15 $ 0.054  Millions$ 0.363  Millions
Concord Acquisition Corp Ii  0.12 $ 0.525  Millions$ 4.278  Millions
Investcorp India Acquisition Corp  0.10 $ 0.273  Millions$ 2.633  Millions
Voyager Acquisition Corp   0.10 $ 0.025  Millions$ 0.247  Millions
Roth Ch Acquisition Co   0.10 $ 0.079  Millions$ 0.808  Millions
  0.10 $ 0.326  Millions$ 3.399  Millions
Haymaker Acquisition Corp 4  0.10 $ 0.033  Millions$ 0.349  Millions
  0.09 $ 0.211  Millions$ 2.278  Millions
Israel Acquisitions Corp  0.08 $ 0.067  Millions$ 0.801  Millions
Marblegate Acquisition Corp   0.08 $ 0.037  Millions$ 0.451  Millions
Inspirato Incorporated  0.08 $ 18.821  Millions$ 230.646  Millions
Compass Digital Acquisition Corp   0.08 $ 0.090  Millions$ 1.201  Millions
  0.06 $ 0.290  Millions$ 4.868  Millions
Silverbox Corp Iv  0.05 $ 0.006  Millions$ 0.109  Millions
Iris Acquisition Corp  0.05 $ 0.339  Millions$ 6.469  Millions
Yale Transaction Finders Inc   0.05 $ 0.005  Millions$ 0.106  Millions

Date modified: 2024-09-15T10:26:01+00:00



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