63 Moons Technologies has a quick ratio of 6.73. It generally indicates good short-term financial strength.
The historical rank and industry rank for 63 Moons Technologies's Quick Ratio or its related term are showing as below:
BOM:526881'
s Quick Ratio Range Over the Past 10 Years
Min: 2 Med: 6.33 Max: 7.14
Current: 6.73
During the past 13 years, 63 Moons Technologies's highest Quick Ratio was 7.14. The lowest was 2.00. And the median was 6.33.
BOM:526881's Quick Ratio is ranked better than 93.06% of 2824
companies
in the Software industry
Industry Median: 1.64
vs BOM:526881: 6.73
63 Moons Technologies Quick Ratio Historical Data
The historical data trend for 63 Moons Technologies'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.
Competitive Comparison of 63 Moons Technologies's Quick Ratio
For the Software - Application subindustry, 63 Moons Technologies'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.
63 Moons Technologies's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, 63 Moons Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where 63 Moons Technologies's Quick Ratio falls into.
63 Moons Technologies 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.
63 Moons Technologies's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
63 Moons Technologies (BOM:526881) 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.
63 Moons Technologies Quick Ratio Related Terms
Thank you for viewing the detailed overview of 63 Moons Technologies's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
63 Moons Technologies Ltd is a company that is involved in the business of offering technology intellectual property and domain expertise to create and trade on next-generation financial markets across all asset classes including equities, commodities, currencies, and bonds among others. Its products and solutions portfolio includes exchange technology solutions, brokerage technology solutions, and risk solutions. The company's business segments include Straight Through Processing (STP) technologies and solutions and Others. It derives the majority of its revenues from STP technologies and solutions segment.
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