Total BrainASX:TTBO Quick Ratio is 15.25 as of Dec. 2022, which is 813% above its 10-year median of 1.67. The stock has 6 warning signs investors should review.
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. Total Brain's quick ratio for the quarter that ended in Dec. 2022 was 15.25.
Total Brain has a quick ratio of 15.25. It generally indicates good short-term financial strength.
The historical rank and industry rank for Total Brain's Quick Ratio or its related term are showing as below:
ASX:TTBO'
s Quick Ratio Range Over the Past 10 Years
Min: 0.41 Med: 1.67 Max: 15.25
Current: 15.25
During the past 13 years, Total Brain's highest Quick Ratio was 15.25. The lowest was 0.41. And the median was 1.67.
ASX:TTBO's Quick Ratio is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 1.32
vs ASX:TTBO: 15.25
Total Brain (ASX:TTBO) 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.
Total Brain Quick Ratio Related Terms
Total Brain Quick Ratio Historical Data
* Premium members only.
The historical data trend for Total Brain'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.
ASX:TTBO vs PEARQ, BBLNF, MITI: Quick Ratio Comparison
For the Health Information Services subindustry, Total Brain'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.
Total Brain Quick Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Total Brain's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Total Brain's Quick Ratio falls into.
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.
Total Brain'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.
Total Brain (ASX:TTBO) has a Quick Ratio of 15.25 as of Dec. 2022. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Total Brain and its competitors. This is 813% above median its historical median of 1.67. Over the past decade, Total Brain's Quick Ratio has ranged from 0.41 to 15.25.
Is Total Brain's Quick Ratio too high?
Total Brain's current Quick Ratio of 15.25 is 813% above median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 15.25. The Healthcare Providers & Services industry median Quick Ratio is 1.32. Total Brain's value of 15.25 is 1055.3% above this industry median.
How does Total Brain's Quick Ratio compare to PEARQ and BBLNF?
Total Brain's Quick Ratio of 15.25 can be compared against companies in the Healthcare Providers & Services industry. The industry median Quick Ratio is 1.32. Total Brain's value of 15.25 is 1055.3% above this benchmark. Historically, Total Brain's own Quick Ratio has ranged from 0.41 to 15.25 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 1.32, Total Brain has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Healthcare Providers & Services company?
The median Quick Ratio among Healthcare Providers & Services companies is 1.32, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Total Brain's current Quick Ratio of 15.25 is 1055.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Total Brain and its competitors. For the Healthcare Providers & Services industry, the median Quick Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Total Brain's current Quick Ratio is 15.25, which is 813% above median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Total Brain stock overvalued right now?
Total Brain (ASX:TTBO) has a current Quick Ratio of 15.25. The current Quick Ratio is 15.25, which is 813% above median its 10-year median of 1.67 and 1055.3% above the Healthcare Providers & Services industry median of 1.32. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Total Brain (ASX:TTBO), the current Quick Ratio is 15.25 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Total Brain Ltd offers brain performance management platform. The company has build and validate digital tools to access, monitor, screen, and train the brain at the capacity makers level. It operates through one segment namely, development and commercialisation of brain health products.
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