TheWorks.Co.uk (FRA:6EU) Quick Ratio : 0.16 (As of Oct. 2023)

TheWorks.Co.uk Quick Ratio Chart

TheWorks.Co.uk Semi-Annual Data
	Apr16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Quick Ratio	Get a 7-Day Free Trial										0.36	0.43	0.25	0.32	0.16

Competitive Comparison of TheWorks.Co.uk's Quick Ratio

For the Specialty Retail subindustry, TheWorks.Co.uk'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.

TheWorks.Co.uk's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TheWorks.Co.uk's Quick Ratio distribution charts can be found below:

* The bar in red indicates where TheWorks.Co.uk's Quick Ratio falls into.

TheWorks.Co.uk 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.

TheWorks.Co.uk's Quick Ratio for the fiscal year that ended in Apr. 2023 is calculated as

TheWorks.Co.uk's Quick Ratio for the quarter that ended in Oct. 2023 is calculated as

* 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.

TheWorks.Co.uk  (FRA:6EU) 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.

TheWorks.Co.uk Quick Ratio Related Terms

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

TheWorks.Co.uk (FRA:6EU) Business Description