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MOBQ (Mobiquity Technologies) Current Ratio : 0.26 (As of Sep. 2024)


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What is Mobiquity Technologies Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Mobiquity Technologies's current ratio for the quarter that ended in Sep. 2024 was 0.26.

Mobiquity Technologies has a current ratio of 0.26. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Mobiquity Technologies has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Mobiquity Technologies's Current Ratio or its related term are showing as below:

MOBQ' s Current Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.41   Max: 1.91
Current: 0.26

During the past 13 years, Mobiquity Technologies's highest Current Ratio was 1.91. The lowest was 0.01. And the median was 0.41.

MOBQ's Current Ratio is ranked worse than
95.52% of 1050 companies
in the Media - Diversified industry
Industry Median: 1.62 vs MOBQ: 0.26

Mobiquity Technologies Current Ratio Historical Data

The historical data trend for Mobiquity Technologies's Current 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.

Mobiquity Technologies Current Ratio Chart

Mobiquity Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 0.58 1.91 0.25 0.36

Mobiquity Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Current 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 0.16 0.36 0.09 0.17 0.26

Competitive Comparison of Mobiquity Technologies's Current Ratio

For the Advertising Agencies subindustry, Mobiquity Technologies's Current Ratio, along with its competitors' market caps and Current 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.


Mobiquity Technologies's Current Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mobiquity Technologies's Current Ratio distribution charts can be found below:

* The bar in red indicates where Mobiquity Technologies's Current Ratio falls into.



Mobiquity Technologies Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Mobiquity Technologies's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=0.713/1.991
=0.36

Mobiquity Technologies's Current Ratio for the quarter that ended in Sep. 2024 is calculated as

Current Ratio (Q: Sep. 2024 )=Total Current Assets (Q: Sep. 2024 )/Total Current Liabilities (Q: Sep. 2024 )
=0.898/3.496
=0.26

* 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.


Mobiquity Technologies  (OTCPK:MOBQ) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Mobiquity Technologies Current Ratio Related Terms

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Mobiquity Technologies Business Description

Traded in Other Exchanges
N/A
Address
35 Torrington Lane, Shoreham, New York, NY, USA, 11786
Mobiquity Technologies Inc is a next-generation advertising technology, data compliance and intelligence company which operates through various proprietary software platforms. Its product solutions are comprised of three proprietary software platforms: Advertising Technology Operating System (ATOS Platform), Data Intelligence Platform and Publisher Platform for Monetization and Compliance.
Executives
Stuart Byron Booker director 505 LARIAT LANE, HENDERSON NV 89014
Nate Knight director C/O MORSE & MORSE, PLLC, 1400 OLD COUNTRY ROAD, SUITE 302, WESTBURY NY 11590
Anne Schmidt Provost director C/O MOBIQUITY TECHNOLOGIES, 35 TORRINGTON LANE, SHOREHAM NY 11786
Barrett Don Walker Iii officer: Chief Oper. & Strategy Officer 143 VARICK STREET, NEW YORK NY 10013
Michael A. Wright director 445 SOUTH STREET, MORRISTOWN NJ 07960
Peter L. Zurkow director 6 RECTORY LANE, SCARSDALE NY 10583
Gene Salkind director, 10 percent owner 1165 WRACK ROAD, MEADOWBROOK PA 19046
Thomas M Arnost director 457 ROCKAWAY AVE, VALLEY STREAM NY 11581
Anthony Iacovone director 35 TORRINGTON LANE, SHOREHAM NY 11786
Deepankar Katyal director 35 TORRINGTON LANE, SHOREHAM NY 11786
Paul Bauersfeld officer: Chief Technology Officer 600 OLD COUNTRY ROAD, STE. 541, GARDEN CITY NY 11530
Robert F Hussey director 350 7TH AVENUE, 2ND FLOOR, NEW YORK NY 10001
Clyde J Berg 10 percent owner C/O BERG & BERG DEVELOPERS, 10050 BANDLEY DR, CUPERTINO CA 95014
Sean Trepeta director, officer: President of Mobiquity 457 ROCKAWAY AVE, VALLEY STREAM NY 11581
Domenico Iannucci 10 percent owner ONE WINDSOR DR, MUTTONTOWN NY 11753