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Mendell Helium (AQSE:MDH) Quick Ratio : 0.00 (As of . 20)


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What is Mendell Helium 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. Mendell Helium's quick ratio for the quarter that ended in . 20 was 0.00.

Mendell Helium has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

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

AQSE:MDH's Quick Ratio is not ranked *
in the Drug Manufacturers industry.
Industry Median: 1.4
* Ranked among companies with meaningful Quick Ratio only.

Mendell Helium Quick Ratio Historical Data

The historical data trend for Mendell Helium'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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Mendell Helium Quick Ratio Chart

Mendell Helium Annual Data
Trend
Quick Ratio

Mendell Helium Semi-Annual Data
Quick Ratio

Competitive Comparison of Mendell Helium's Quick Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Mendell Helium'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.


Mendell Helium's Quick Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Mendell Helium's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Mendell Helium's Quick Ratio falls into.


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Mendell Helium 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.

Mendell Helium's Quick Ratio for the fiscal year that ended in . 20 is calculated as

Mendell Helium's Quick Ratio for the quarter that ended in . 20 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.


Mendell Helium  (AQSE:MDH) 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.


Mendell Helium Quick Ratio Related Terms

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Mendell Helium Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Friarton Road, Riverview Business Park, Tay House, Perth, GBR, PH2 8DF
Mendell Helium PLC formerly Voyager Life PLC is involved in developing and retailing products for the health and wellness market. It is a Manufacturer, supplier, and retailer of premium plant-based health & wellness products of CBD and hemp seed oil products which includes supplement oils, edibles, topical creams, balms, bath and skincare products, hair care products, aromatherapy blends, and pet care range.

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