In the wake of the increase in Current Liabilities in the third quarter 2024, Quick Ratio fell to 0 a new company low.

Within Blank Checks industry 79 other companies have achieved higher Quick Ratio than New Providence Acquisition Ii in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 2718 to 4713.

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NPABU Quick Ratio	(Sep 30 2024) Q3	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3
Y / Y Current Liabilities Change	67.46 %	54.18 %	46.44 %	57.65 %	138.12 %
Y / Y Cash & cash equivalent Change	-98.68 %	6.31 %	-68.68 %	16692.56 %	-51.58 %
Quick Ratio MRQ	0	0.04	0.03	31.76	0.08
NPABU's Total Ranking	# 4713	# 2718	# 3938	# 4410	#
Seq. Current Liabilities Change	1.63 %	141.93 %	16.53 %	-41.55 %	-6.44 %
Seq. Cash & cash equivalent Change	-98.35 %	272.92 %	-99.9 %	22052.96 %	32.76 %

Quick Ratio third quarter 2024 Company Ranking
Within:	No.
Blank Checks Industry	# 80
Financial Sector	# 883
Overall Market	# 4713

Quick Ratio Statistics
High	Average	Low
1.2	0.34	0
(Dec 31 2021)		(Sep 30 2024)

Financial Statements
New Providence Acquisition Ii's Current Liabilities	$ 5 Millions	Visit NPABU's Balance sheet
New Providence Acquisition Ii's Cash & cash equivalent	$ 0 Millions	Visit NPABU's Balance sheet
Source of NPABU's Sales		Visit NPABU's Sales by Geography

Cumulative New Providence Acquisition Ii's Quick Ratio

NPABU's Quick Ratio for the trailling 12 Months

NPABU Quick Ratio	(Sep 30 2024) 12 Months	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	57.96 %	68.35 %	104.94 %	109.49 %	105.73 %
Y / Y Cash & cash equivalent TTM Growth	5822.33 %	4534.71 %	3061.51 %	2184.83 %	-70.37 %
Quick Ratio TTM	4.07	4.79	5.62	6.02	0.11
Total Ranking TTM	# 3663	# 2902	# 3507	# 3349	#
Seq. Current Liabilities TTM Growth	17.24 %	17.37 %	6.93 %	7.36 %	24.95 %
Seq. Cash & cash equivalent TTM Growth	-0.44 %	0.02 %	-0.21 %	5859.86 %	-22.09 %

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

On the trailing twelve months basis Due to rise in Current Liabilities in the Q3 2024 to $5.15 millions, cumulative Quick Ratio decreased to 4.07 above the NPABU average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Blank Checks industry 75 other companies have achieved higher Quick Ratio than New Providence Acquisition Ii. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 2902 to 3663.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Blank Checks Industry	# 76
Financial Sector	# 194
Within the Market	# 3663

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.75	0.33	0.03
(Sep 30 2022)		(Sep 30 2024)

Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Blank Checks Industry	Quick Ratio	Sep 30 2024 MRQ Cash & cash equivalent	Sep 30 2024 MRQ Current Liabilities
Kairous Acquisition Corp Limited	0.00	$ 0.006 Millions	$ 3.561 Millions
Finnovate Acquisition Corp	0.00	$ 0.008 Millions	$ 4.582 Millions
Cartica Acquisition Corp	0.00	$ 0.010 Millions	$ 6.690 Millions
Pyrophyte Acquisition Corp	0.00	$ 0.002 Millions	$ 3.046 Millions
New Providence Acquisition Corp Ii	0.00	$ 0.003 Millions	$ 5.145 Millions
Flag Ship Acquisition Corporation	0.00	$ 0.000 Millions	$ 0.328 Millions
Direct Selling Acquisition Corp	0.00	$ 0.009 Millions	$ 14.148 Millions
Alphatime Acquisition Corp	0.00	$ 0.001 Millions	$ 2.869 Millions

Date modified: 2026-08-29T17:46:37+00:00

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