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AZ (A2Z Cust2Mate Solutions) Quick Ratio : 0.67 (As of Sep. 2024)


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What is A2Z Cust2Mate Solutions 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. A2Z Cust2Mate Solutions's quick ratio for the quarter that ended in Sep. 2024 was 0.67.

A2Z Cust2Mate Solutions has a quick ratio of 0.67. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for A2Z Cust2Mate Solutions's Quick Ratio or its related term are showing as below:

AZ' s Quick Ratio Range Over the Past 10 Years
Min: 0.46   Med: 2.62   Max: 137
Current: 0.67

During the past 6 years, A2Z Cust2Mate Solutions's highest Quick Ratio was 137.00. The lowest was 0.46. And the median was 2.62.

AZ's Quick Ratio is ranked worse than
87.4% of 2794 companies
in the Software industry
Industry Median: 1.66 vs AZ: 0.67

A2Z Cust2Mate Solutions Quick Ratio Historical Data

The historical data trend for A2Z Cust2Mate Solutions'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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A2Z Cust2Mate Solutions Quick Ratio Chart

A2Z Cust2Mate Solutions Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 0.69 4.74 4.14 1.05 0.80

A2Z Cust2Mate Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick 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 0.96 0.80 0.46 0.49 0.67

Competitive Comparison of A2Z Cust2Mate Solutions's Quick Ratio

For the Software - Application subindustry, A2Z Cust2Mate Solutions'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.


A2Z Cust2Mate Solutions's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, A2Z Cust2Mate Solutions's Quick Ratio distribution charts can be found below:

* The bar in red indicates where A2Z Cust2Mate Solutions's Quick Ratio falls into.


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A2Z Cust2Mate Solutions 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.

A2Z Cust2Mate Solutions's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(4.731-0.25)/5.632
=0.80

A2Z Cust2Mate Solutions'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
=(6.627-0.361)/9.356
=0.67

* 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.


A2Z Cust2Mate Solutions  (NAS:AZ) 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.


A2Z Cust2Mate Solutions Quick Ratio Related Terms

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A2Z Cust2Mate Solutions Business Description

Traded in Other Exchanges
Address
609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3
A2Z Cust2Mate Solutions Corp is engaged in creating shopping carts. With the help of a user-friendly smart algorithm, touch screen, and other technologies, the company streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply pick & go, and bypass long cashier checkout lines.