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OXO Technologies Holding Nyrt (BUD:OXOTECH) Quick Ratio : 0.80 (As of Dec. 2023)


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What is OXO Technologies Holding Nyrt 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. OXO Technologies Holding Nyrt's quick ratio for the quarter that ended in Dec. 2023 was 0.80.

OXO Technologies Holding Nyrt has a quick ratio of 0.80. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for OXO Technologies Holding Nyrt's Quick Ratio or its related term are showing as below:

BUD:OXOTECH' s Quick Ratio Range Over the Past 10 Years
Min: 0.8   Med: 36.52   Max: 146
Current: 0.8

During the past 4 years, OXO Technologies Holding Nyrt's highest Quick Ratio was 146.00. The lowest was 0.80. And the median was 36.52.

BUD:OXOTECH's Quick Ratio is ranked worse than
84.46% of 682 companies
in the Asset Management industry
Industry Median: 2.745 vs BUD:OXOTECH: 0.80

OXO Technologies Holding Nyrt Quick Ratio Historical Data

The historical data trend for OXO Technologies Holding Nyrt'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.

* Premium members only.

OXO Technologies Holding Nyrt Quick Ratio Chart

OXO Technologies Holding Nyrt Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Quick Ratio
- 146.00 36.52 0.80

OXO Technologies Holding Nyrt Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Quick Ratio Get a 7-Day Free Trial 146.00 - 36.52 2.36 0.80

Competitive Comparison of OXO Technologies Holding Nyrt's Quick Ratio

For the Asset Management subindustry, OXO Technologies Holding Nyrt'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.


OXO Technologies Holding Nyrt's Quick Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, OXO Technologies Holding Nyrt's Quick Ratio distribution charts can be found below:

* The bar in red indicates where OXO Technologies Holding Nyrt's Quick Ratio falls into.



OXO Technologies Holding Nyrt 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.

OXO Technologies Holding Nyrt'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
=(0.817-0)/1.021
=0.80

OXO Technologies Holding Nyrt's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.817-0)/1.021
=0.80

* 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.


OXO Technologies Holding Nyrt  (BUD:OXOTECH) 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.


OXO Technologies Holding Nyrt Quick Ratio Related Terms

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OXO Technologies Holding Nyrt (BUD:OXOTECH) Business Description

Traded in Other Exchanges
N/A
Address
Ganz utca 12-14., Budapest, HUN, HU-1027
OXO Technologies Holding Nyrt is an investment firm in the tech sector in the CEE region. Its investment policy targets the funding, partial or full buyout of early, growth, and scale-up stage tech ventures, accelerating their growth and market expansion and preparing them for subsequent funding rounds or exits.

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