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CNNN (ConneXionONE) Quick Ratio : 0.00 (As of Sep. 2024)


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What is ConneXionONE 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. ConneXionONE's quick ratio for the quarter that ended in Sep. 2024 was 0.00.

ConneXionONE has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

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

During the past 3 years, ConneXionONE's highest Quick Ratio was 0.57. The lowest was 0.39. And the median was 0.51.

CNNN's Quick Ratio is not ranked *
in the Interactive Media industry.
Industry Median: 1.99
* Ranked among companies with meaningful Quick Ratio only.

ConneXionONE Quick Ratio Historical Data

The historical data trend for ConneXionONE'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.

ConneXionONE Quick Ratio Chart

ConneXionONE Annual Data
Trend Dec21 Dec22 Dec23
Quick Ratio
- 0.52 0.39

ConneXionONE Quarterly Data
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 0.50 0.39 - - -

Competitive Comparison of ConneXionONE's Quick Ratio

For the Internet Content & Information subindustry, ConneXionONE'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.


ConneXionONE's Quick Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, ConneXionONE's Quick Ratio distribution charts can be found below:

* The bar in red indicates where ConneXionONE's Quick Ratio falls into.


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ConneXionONE 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.

ConneXionONE'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
=(0.443-0)/1.141
=0.39

ConneXionONE'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
=(0-0)/1.634
=0.00

* 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.


ConneXionONE  (OTCPK:CNNN) 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.


ConneXionONE Quick Ratio Related Terms

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ConneXionONE Business Description

Traded in Other Exchanges
N/A
Address
530 Lytton Avenue, 2nd Floor, No. 2061, Palo Alto, CA, USA, 94301
ConneXionONE Corp is a technology company revolutionizing social media with its flagship product, dotarazzi. The Company is a development-stage company that plans to be involved in social media and internet advertising and marketing services with a decentralized social media platform.
Executives
Tingyu Chang director 39899 BALENTINE DRIVE, SUITE 200, NEWARK CA 94560
Yulung Tso director 39899 BALENTINE DRIVE, SUITE 200, NEWARK CA 94560
Te Wei Wu director 39899 BALENTINE DRIVE, SUITE 200, NEWARK CA 94560
Chris Chang director 32679 KENITA WAY, UNION CITY CA 94587
Frank Jonathan Hariton director 1065 DOBBS FERRY ROAD, WHITE PLAINS NY 10607

ConneXionONE Headlines

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