AIFF (Firefly Neuroscience) Quick Ratio : 1.05 (As of Sep. 2024)

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What is Firefly Neuroscience 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. Firefly Neuroscience's quick ratio for the quarter that ended in Sep. 2024 was 1.05.

Firefly Neuroscience has a quick ratio of 1.05. It generally indicates good short-term financial strength.

The historical rank and industry rank for Firefly Neuroscience's Quick Ratio or its related term are showing as below:

AIFF' s Quick Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.5 Max: 1.05
Current: 1.05

During the past 2 years, Firefly Neuroscience's highest Quick Ratio was 1.05. The lowest was 0.04. And the median was 0.50.

AIFF's Quick Ratio is ranked worse than
72.55% of 2823 companies
in the Software industry
Industry Median: 1.64 vs AIFF: 1.05

Firefly Neuroscience Quick Ratio Historical Data

The historical data trend for Firefly Neuroscience'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.

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Firefly Neuroscience Quick Ratio Chart

Firefly Neuroscience Annual Data

Trend

Dec21

Dec22

Quick Ratio

0.18

0.04

Firefly Neuroscience Quarterly Data
	Dec21	Sep22	Dec22	Jun23	Sep23	Jun24	Sep24
Quick Ratio	Get a 7-Day Free Trial			0.04	-	0.50	0.61	1.05

Competitive Comparison of Firefly Neuroscience's Quick Ratio

For the Software - Application subindustry, Firefly Neuroscience'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.

Firefly Neuroscience's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Firefly Neuroscience's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Firefly Neuroscience's Quick Ratio falls into.

Firefly Neuroscience 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.

Firefly Neuroscience's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.083	-	0)	/	2.246
	=	0.04

Firefly Neuroscience's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(2.665	-	0)	/	2.535
	=	1.05

Firefly Neuroscience (NAS:AIFF) 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.

Firefly Neuroscience Quick Ratio Related Terms

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Firefly Neuroscience Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Firefly Neuroscience Inc (NAS:AIFF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 King Street W, 2nd Floor, Toronto, ON, CAN, M5H 1J9

Website

https://www.fireflyneuro.com

Firefly Neuroscience Inc is an AI company developing innovative neuroscientific solutions that improve outcomes for patients with mental illnesses and cognitive disorders. It is focused on the commercialization of its Brain Network Analytics (BNA) software platform (the "BNA Platform")and the discovery and clinical development of biomarkers that support better outcomes for people suffering from mental illnesses and cognitive disorders.