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. Cnova NV's quick ratio for the quarter that ended in Dec. 2024 was 0.45.
Cnova NV has a quick ratio of 0.45. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Cnova NV's Quick Ratio or its related term are showing as below:
CNVAF's Quick Ratio is not ranked *
in the Retail - Cyclical industry.
Industry Median: 0.87 * Ranked among companies with meaningful Quick Ratio only.
Cnova NV (OTCPK:CNVAF) 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.
Cnova NV Quick Ratio Related Terms
Cnova NV Quick Ratio Historical Data
* Premium members only.
The historical data trend for Cnova NV'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 Internet Retail subindustry, Cnova NV'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.
Cnova NV Quick Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Cnova NV's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cnova NV's Quick Ratio falls into.
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.
Cnova NV's Quick Ratio for the fiscal year that ended in Dec. 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.
Cnova NV (CNVAF) has a Quick Ratio of 0.45 as of Dec. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Cnova NV and its competitors.
Is Cnova NV's Quick Ratio too high?
Cnova NV's current Quick Ratio is 0.45. The Retail - Cyclical industry median Quick Ratio is 0.87. Cnova NV's value of 0.45 is 48.3% below this industry median. Overall, Cnova NV has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Cnova NV's Quick Ratio compare to AMZN and BABA?
Cnova NV's Quick Ratio of 0.45 can be compared against companies in the Retail - Cyclical industry. The industry median Quick Ratio is 0.87. Cnova NV's value of 0.45 is 48.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Retail - Cyclical company?
The median Quick Ratio among Retail - Cyclical companies is 0.87, based on 1,127 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cnova NV's current Quick Ratio of 0.45 is 48.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Cnova NV and its competitors. For the Retail - Cyclical industry, the median Quick Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cnova NV's current Quick Ratio is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cnova NV stock overvalued right now?
Cnova NV (CNVAF) has a current Quick Ratio of 0.45. The current Quick Ratio is 0.45 and 48.3% below the Retail - Cyclical industry median of 0.87. Cnova NV's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Cnova NV (CNVAF), the current Quick Ratio is 0.45 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Cnova NV is an e-commerce company. It provides its customers with a value proposition through a low-cost business model that offers attractive pricing, an extensive product assortment, and differentiated delivery and payment solutions. Its product offering categories are home appliances, consumer electronics, computers, home furnishings, leisure, and personal goods.
16GF Score
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