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EATBF (Eat & Beyond Global Holdings) Quick Ratio : 0.04 (As of Jul. 2024)


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What is Eat & Beyond Global Holdings 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. Eat & Beyond Global Holdings's quick ratio for the quarter that ended in Jul. 2024 was 0.04.

Eat & Beyond Global Holdings has a quick ratio of 0.04. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Eat & Beyond Global Holdings's Quick Ratio or its related term are showing as below:

EATBF' s Quick Ratio Range Over the Past 10 Years
Min: 0.04   Med: 4.88   Max: 30.39
Current: 0.04

During the past 5 years, Eat & Beyond Global Holdings's highest Quick Ratio was 30.39. The lowest was 0.04. And the median was 4.88.

EATBF's Quick Ratio is ranked worse than
98.97% of 682 companies
in the Asset Management industry
Industry Median: 2.745 vs EATBF: 0.04

Eat & Beyond Global Holdings Quick Ratio Historical Data

The historical data trend for Eat & Beyond Global Holdings'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.

Eat & Beyond Global Holdings Quick Ratio Chart

Eat & Beyond Global Holdings Annual Data
Trend Dec19 Dec20 Dec21 Jul23 Jul24
Quick Ratio
- 30.30 9.52 0.23 0.04

Eat & Beyond Global Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 2.87 2.23 2.01 0.04

Competitive Comparison of Eat & Beyond Global Holdings's Quick Ratio

For the Asset Management subindustry, Eat & Beyond Global Holdings'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.


Eat & Beyond Global Holdings's Quick Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eat & Beyond Global Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Eat & Beyond Global Holdings's Quick Ratio falls into.



Eat & Beyond Global Holdings 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.

Eat & Beyond Global Holdings's Quick Ratio for the fiscal year that ended in Jul. 2024 is calculated as

Quick Ratio (A: Jul. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.046-0)/1.201
=0.04

Eat & Beyond Global Holdings's Quick Ratio for the quarter that ended in Jul. 2024 is calculated as

Quick Ratio (Q: Jul. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.046-0)/1.201
=0.04

* 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.


Eat & Beyond Global Holdings  (OTCPK:EATBF) 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.


Eat & Beyond Global Holdings Quick Ratio Related Terms

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Eat & Beyond Global Holdings Business Description

Traded in Other Exchanges
Address
1055 West Hastings Street, Suite 1060, Guiness Tower, Vancouver, BC, CAN, V6Z 2E9
Eat & Beyond Global Holdings Inc focuses on investments in the plant-based protein and meat alternative food industry. Its investments may include the acquisition of equity, debt or other securities of publicly traded or private companies or other entities or financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets.

Eat & Beyond Global Holdings Headlines