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. Qev NV's quick ratio for the quarter that ended in Dec. 2022 was 7.59.
Qev NV has a quick ratio of 7.59. It generally indicates good short-term financial strength.
The historical rank and industry rank for Qev NV's Quick Ratio or its related term are showing as below:
FRA:7IO's Quick Ratio is not ranked *
in the Vehicles & Parts industry.
Industry Median: 1.06 * Ranked among companies with meaningful Quick Ratio only.
Qev NV (FRA:7IO) 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.
Qev NV Quick Ratio Related Terms
Qev NV Quick Ratio Historical Data
* Premium members only.
The historical data trend for Qev 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.
Qev NV Quick Ratio Chart
Qev NV Annual Data
Trend
Dec21
Dec22
Quick Ratio
1.98
7.59
Qev NV Semi-Annual Data
Jun21
Dec21
Jun22
Dec22
Quick Ratio
0.00
1.98
6.72
7.59
FRA:7IO vs TSLA, STLA, F: Quick Ratio Comparison
For the Auto Manufacturers subindustry, Qev 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.
Qev NV Quick Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Qev NV's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Qev 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.
Qev NV's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Qev NV (FRA:7IO) has a Quick Ratio of 7.59 as of Dec. 2022. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Qev NV and its competitors.
Is Qev NV's Quick Ratio too high?
Qev NV's current Quick Ratio is 7.59. The Vehicles & Parts industry median Quick Ratio is 1.06. Qev NV's value of 7.59 is 616% above this industry median. Overall, Qev NV has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Qev NV's Quick Ratio compare to TSLA and STLA?
Qev NV's Quick Ratio of 7.59 can be compared against companies in the Vehicles & Parts industry. The industry median Quick Ratio is 1.06. Qev NV's value of 7.59 is 616% above 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 Vehicles & Parts company?
The median Quick Ratio among Vehicles & Parts companies is 1.06, based on 1,337 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. Qev NV's current Quick Ratio of 7.59 is 616% above 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 Qev NV and its competitors. For the Vehicles & Parts industry, the median Quick Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qev NV's current Quick Ratio is 7.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qev NV stock overvalued right now?
Qev NV (FRA:7IO) has a current Quick Ratio of 7.59. The current Quick Ratio is 7.59 and 616% above the Vehicles & Parts industry median of 1.06. Qev NV's overall GF Score™ is 19/100. 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 Qev NV (FRA:7IO), the current Quick Ratio is 7.59 as of Dec. 2022. 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.
Qev NV designs, develops, manufactures, and sells electric light commercial vehicles and electric buses, as well as offering aftersales and maintenance services, and has further business lines related to electric motorsport. It sells its electric vans, trucks and buses primarily to businesses and public transport companies seeking to establish or grow their electric fleets, and is focused on serving the urban mobility and last-mile delivery markets. Under the ZEROID brand, QEV Technologies offers a zero-emission fleet that includes multiple electric van models, delivery trucks, and electric and hydrogen platforms for buses.
19GF Score
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