Twin Ridge Capital Acquisition Quick Ratio (TRCA) starting from the third quarter 2023 to third quarter 2022, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Twin Ridge Capital Acquisition Corp   (NYSE: TRCA)
    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial

Twin Ridge Capital Acquisition 's Quick Ratio

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


Current Liabilities decreased faster than Twin Ridge Capital Acquisition 's Cash & cash equivalent, this led to improvement in Twin Ridge Capital Acquisition 's Quick Ratio to 0.03, Quick Ratio remained below Twin Ridge Capital Acquisition Corp average.

Within Blank Checks industry 128 other companies have achieved higher Quick Ratio than Twin Ridge Capital Acquisition in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 4487 to 5423.

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



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TRCA Quick Ratio (Sep 30 2023)
Q3		 (Jun 30 2023)
Q2		 (Mar 31 2023)
Q1		 (Dec 31 2022)
Q4		 (Sep 30 2022)
Q3
Y / Y Current Liabilities Change 35.98 % 348.34 % 298.72 % 181.49 % 2723.03 %
Y / Y Cash & cash equivalent Change -95.68 % -89.61 % -82.4 % -39.79 % -35.95 %
Quick Ratio MRQ 0.03 0.02 0.04 0.23 0.81
TRCA's Total Ranking # 5423 # 4487 # 4889 # 3221 # 2291
Seq. Current Liabilities Change -69.1 % 10.17 % 32.73 % 200.99 % 1.87 %
Seq. Cash & cash equivalent Change -60.48 % -50.36 % -74.58 % -13.46 % -4.89 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Blank Checks Industry # 129
Financial Sector # 969
Overall Market # 5423


Quick Ratio Statistics
High Average Low
35.76 5.28 0.02
(Sep 30 2021)   (Jun 30 2023)




Financial Statements
Twin Ridge Capital Acquisition 's Current Liabilities $ 2 Millions Visit TRCA's Balance sheet
Twin Ridge Capital Acquisition 's Cash & cash equivalent $ 0 Millions Visit TRCA's Balance sheet
Source of TRCA's Sales Visit TRCA's Sales by Geography


Cumulative Twin Ridge Capital Acquisition 's Quick Ratio

TRCA's Quick Ratio for the trailling 12 Months

TRCA Quick Ratio

 (Sep 30 2023)
12 Months		 (Jun 30 2023)
12 Months		 (Mar 31 2023)
12 Months		 (Dec 31 2022)
12 Months		 (Sep 30 2022)
12 Months
Y / Y Current Liabilities TTM Growth 214.98 % 301.71 % 305.87 % 394.44 % 2735.89 %
Y / Y Cash & cash equivalent TTM Growth -73.88 % -58.59 % -47.43 % -35.97 % -6.55 %
Quick Ratio TTM 0.08 0.14 0.28 0.56 0.95
Total Ranking TTM # 4685 # 4261 # 3206 # 4163 # 1231
Seq. Current Liabilities TTM Growth 2.9 % 38.05 % 49.94 % 47.88 % 31.23 %
Seq. Cash & cash equivalent TTM Growth -43.6 % -30.04 % -24.72 % -12.07 % -10.59 %

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

On the trailing twelve months basis Due to drop in Current Liabilities in the Q3 2023 to $2.00 millions, cumulative Quick Ratio decreased to 0.08 below the Twin Ridge Capital Acquisition Corp average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Blank Checks industry 185 other companies have achieved higher Quick Ratio than Twin Ridge Capital Acquisition . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 4261 to 4685.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Blank Checks Industry # 186
Financial Sector # 337
Within the Market # 4685


trailing twelve months Quick Ratio Statistics
High Average Low
2.19 0.92 0.14
(Mar 31 2022)   (Jun 30 2023)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Blank Checks Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Beard Energy Transition Acquisition Corp   0.07 $ 0.317  Millions$ 4.725  Millions
Cetus Capital Acquisition Corp   0.07 $ 0.040  Millions$ 0.598  Millions
Cartica Acquisition Corp  0.07 $ 0.021  Millions$ 0.324  Millions
Arisz Acquisition Corp   0.06 $ 0.215  Millions$ 3.330  Millions
Alphatime Acquisition Corp  0.06 $ 0.057  Millions$ 0.880  Millions
Osiris Acquisition Corp   0.06 $ 0.285  Millions$ 4.572  Millions
Quantum Fintech Acquisition Corporation  0.06 $ 0.713  Millions$ 11.565  Millions
Jaws Mustang Acquisition Corporation  0.06 $ 0.211  Millions$ 3.510  Millions
Newcourt Acquisition Corp  0.06 $ 0.088  Millions$ 1.470  Millions
Jupiter Acquisition Corporation  0.06 $ 0.185  Millions$ 3.339  Millions
Opy Acquisition Corp I  0.05 $ 0.065  Millions$ 1.256  Millions
Mountain Crest Acquisition Corp Iv  0.05 $ 0.231  Millions$ 4.544  Millions
Landcadia Holdings Iv inc   0.05 $ 0.162  Millions$ 3.204  Millions
Apx Acquisition Corp I  0.05 $ 0.009  Millions$ 0.202  Millions
Shoulderup Technology Acquisition Corp  0.04 $ 0.130  Millions$ 2.933  Millions
Thunder Bridge Capital Partners Iv Inc  0.04 $ 0.204  Millions$ 4.722  Millions
Finserv Acquisition Corp Ii  0.04 $ 0.132  Millions$ 3.139  Millions
Piermont Valley Acquisition Corp   0.04 $ 0.103  Millions$ 2.470  Millions
Libity  0.04 $ 0.030  Millions$ 0.776  Millions
Cancer Capital Corp   0.03 $ 0.015  Millions$ 0.455  Millions
Target Global Acquisition I Corp   0.03 $ 0.069  Millions$ 2.112  Millions
Hhg Capital Corporation  0.03 $ 0.007  Millions$ 0.202  Millions
Battery Future Acquisition Corp   0.03 $ 0.124  Millions$ 3.852  Millions
Blockchain Coinvestors Acquisition Corp I  0.03 $ 0.222  Millions$ 7.040  Millions
Excelfin Acquisition Corp   0.03 $ 0.303  Millions$ 9.601  Millions
Khosla Ventures Acquisition Co   0.03 $ 0.250  Millions$ 8.237  Millions
Spark I Acquisition Corp  0.03 $ 0.114  Millions$ 3.774  Millions
Blue Ocean Acquisition Corp  0.03 $ 0.102  Millions$ 3.595  Millions
High Sierra Technologies Inc   0.03 $ 0.017  Millions$ 0.646  Millions
Rigel Resource Acquisition Corp  0.03 $ 0.125  Millions$ 4.698  Millions

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



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