GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Brownie's Marine Group Inc (OTCPK:BWMG) » Definitions » Quick Ratio

Brownie's Marine Group (Brownie's Marine Group) Quick Ratio : 0.29 (As of Dec. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Brownie's Marine Group Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Brownie's Marine Group's quick ratio for the quarter that ended in Dec. 2023 was 0.29.

Brownie's Marine Group has a quick ratio of 0.29. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Brownie's Marine Group's Quick Ratio or its related term are showing as below:

BWMG' s Quick Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.34   Max: 0.77
Current: 0.29

During the past 13 years, Brownie's Marine Group's highest Quick Ratio was 0.77. The lowest was 0.12. And the median was 0.34.

BWMG's Quick Ratio is ranked worse than
90.86% of 842 companies
in the Travel & Leisure industry
Industry Median: 1.115 vs BWMG: 0.29

Brownie's Marine Group Quick Ratio Historical Data

The historical data trend for Brownie's Marine Group's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Brownie's Marine Group Quick Ratio Chart

Brownie's Marine Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.59 0.77 0.47 0.29

Brownie's Marine Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 0.46 0.48 0.38 0.29

Competitive Comparison of Brownie's Marine Group's Quick Ratio

For the Leisure subindustry, Brownie's Marine Group's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Brownie's Marine Group's Quick Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Brownie's Marine Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Brownie's Marine Group's Quick Ratio falls into.



Brownie's Marine Group Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Brownie's Marine Group's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.737-1.999)/2.503
=0.29

Brownie's Marine Group's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.737-1.999)/2.503
=0.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Brownie's Marine Group  (OTCPK:BWMG) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Brownie's Marine Group Quick Ratio Related Terms

Thank you for viewing the detailed overview of Brownie's Marine Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Brownie's Marine Group (Brownie's Marine Group) Business Description

Traded in Other Exchanges
N/A
Address
3001 North West 25th Avenue, Suite 1, Pompano Beach, FL, USA, 33069
Brownie's Marine Group Inc designs, tests, manufactures, and distributes tankless dive systems, rescue air systems, and yacht-based self-contained underwater breathing apparatus air compressors and nitrox generation fill systems. The company has five operating segments; SSA Products sells recreational multi-diver surface-supplied air diving systems, High Pressure Gas Systems sells high-pressure air and industrial gas compressor packages, Ultra- Portable Tankless Dive Systems sells next-generation electric surface supply air diving systems and electric shallow dive systems, Redundant Air Tank Systems manufactures and distributes a line of high-pressure tanks and redundant air systems, and Guided Tour and Retail provides guided tours and operates a retail store for the diving community.
Executives
Alexander Fraser Purdon 10 percent owner 5205 SW 83 TERRACE, GAINESVILLE FL 32608
Mikkel Pitzner director 716 SE 8TH STREET, FT. LAUDERDALE FL 33316
Armstrong Grant Wesley Jr director 1002 WESTRIDGE ROAD, GREENSBORO NC 27410
Jeffrey William Morris 10 percent owner 2148 NE 24TH STREET, WILTON MANORS FL 33305
Joshua William Arvin 10 percent owner 1900 PURDY AVE TS4, MIAMI FL 33139
Robert M Carmichael officer: President and CEO 940 N.W. 1 STREET, FORT LAUDERDALE FL 33311