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. AS-IP Tech's quick ratio for the quarter that ended in Mar. 2023 was 0.01.
AS-IP Tech has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for AS-IP Tech's Quick Ratio or its related term are showing as below:
IPTK's Quick Ratio is not ranked *
in the Hardware industry.
Industry Median: 1.49 * Ranked among companies with meaningful Quick Ratio only.
AS-IP Tech Quick Ratio Historical Data
The historical data trend for AS-IP Tech'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.
Competitive Comparison of AS-IP Tech's Quick Ratio
For the Communication Equipment subindustry, AS-IP Tech'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.
AS-IP Tech's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, AS-IP Tech's Quick Ratio distribution charts can be found below:
* The bar in red indicates where AS-IP Tech's Quick Ratio falls into.
AS-IP Tech 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.
AS-IP Tech's Quick Ratio for the fiscal year that ended in Jun. 2022 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.
AS-IP Tech (OTCPK:IPTK) 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.
AS-IP Tech Quick Ratio Related Terms
Thank you for viewing the detailed overview of AS-IP Tech's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.
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