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. Cyan AG's quick ratio for the quarter that ended in Dec. 2023 was 1.49.
Cyan AG has a quick ratio of 1.49. It generally indicates good short-term financial strength.
The historical rank and industry rank for Cyan AG's Quick Ratio or its related term are showing as below:
CCYNF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.3 Med: 2.01 Max: 4.22
Current: 1.49
During the past 10 years, Cyan AG's highest Quick Ratio was 4.22. The lowest was 0.30. And the median was 2.01.
CCYNF's Quick Ratio is ranked worse than 55.17% of 2831
companies
in the Software industry
Industry Median: 1.65
vs CCYNF: 1.49
Cyan AG Quick Ratio Historical Data
The historical data trend for Cyan AG'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.
For the Software - Infrastructure subindustry, Cyan AG'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.
Cyan AG's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Cyan AG's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cyan AG's Quick Ratio falls into.
Cyan AG 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.
Cyan AG's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Cyan AG (GREY:CCYNF) 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.
Cyan AG Quick Ratio Related Terms
Thank you for viewing the detailed overview of Cyan AG's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cyan AG is a provider of intelligent IT security solutions and telecommunication services in the IT industry. The main business of the company involves cybersecurity solutions for the end customers of mobile and fixed-line internet providers (MNO, ISP), financial service providers, mobile virtual network operators (MVNO) as well as the convergent BSS/OSS platform (Business Support System and Operations Support System) as a mobile virtual network enabler (MVNE). With the BSS/OSS business, services such as connection to the network operator, billing, provisioning, and similar services relating to the operational aspects of running an MVNO are offered. It has two segments: Cybersecurity, and BSS/OSS platform. Its products include a Seamless BSS/OSS Platform.
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