TUT Fitness Group (FRA:7PG0) Quick Ratio: 0.10 (As of Mar. 2024)

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FRA:7PG0 TUT Fitness Group Inc FRA:7PG0
16 GF Score
Price €0.05
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What is TUT Fitness Group Quick Ratio?

TUT Fitness Group FRA:7PG0 16 Quick Ratio is 0.10 as of Mar. 2024. GuruFocus rates FRA:7PG0 with a GF Score™ of 16/100.

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. TUT Fitness Group's quick ratio for the quarter that ended in Mar. 2024 was 0.10.

TUT Fitness Group has a quick ratio of 0.10. It indicates that the company cannot currently fully pay back its current liabilities.

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

FRA:7PG0's Quick Ratio is not ranked *
in the Travel & Leisure industry.
Industry Median: 1.15
* Ranked among companies with meaningful Quick Ratio only.

TUT Fitness Group  (FRA:7PG0) 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.


TUT Fitness Group Quick Ratio Related Terms


TUT Fitness Group Quick Ratio Historical Data

* Premium members only.

The historical data trend for TUT Fitness Group'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.

TUT Fitness Group Quick Ratio Chart

TUT Fitness Group Annual Data
Trend Sep21 Sep22 Sep23
Quick Ratio
5.75 4.74 0.40

TUT Fitness Group Quarterly Data
Aug20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.84 0.40 0.14 0.10

FRA:7PG0 vs MAT, HAS, PLNT: Quick Ratio Comparison

For the Leisure subindustry, TUT Fitness Group'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.


TUT Fitness Group Quick Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TUT Fitness Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where TUT Fitness Group's Quick Ratio falls into.


FRA:7PG0
16GF Score
TUT Fitness Group Inc FRA:7PG0
Quick Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TUT Fitness Group 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.

TUT Fitness Group's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.512-0.389)/0.308
=0.40

TUT Fitness Group's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.38-0.338)/0.419
=0.10

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.10 mean?
TUT Fitness Group (FRA:7PG0) has a Quick Ratio of 0.10 as of Mar. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on TUT Fitness Group and its competitors.
Is TUT Fitness Group's Quick Ratio too high?
TUT Fitness Group's current Quick Ratio is 0.10. The Travel & Leisure industry median Quick Ratio is 1.15. TUT Fitness Group's value of 0.10 is 91.3% below this industry median. Overall, TUT Fitness Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does TUT Fitness Group's Quick Ratio compare to MAT and HAS?
TUT Fitness Group's Quick Ratio of 0.10 can be compared against companies in the Travel & Leisure industry. The industry median Quick Ratio is 1.15. TUT Fitness Group's value of 0.10 is 91.3% 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 Travel & Leisure company?
The median Quick Ratio among Travel & Leisure companies is 1.15, based on 857 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. TUT Fitness Group's current Quick Ratio of 0.10 is 91.3% 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 TUT Fitness Group and its competitors. For the Travel & Leisure industry, the median Quick Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TUT Fitness Group's current Quick Ratio is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TUT Fitness Group stock overvalued right now?
TUT Fitness Group (FRA:7PG0) has a current Quick Ratio of 0.10. The current Quick Ratio is 0.10 and 91.3% below the Travel & Leisure industry median of 1.15. TUT Fitness Group'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 TUT Fitness Group (FRA:7PG0), the current Quick Ratio is 0.10 as of Mar. 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.

TUT Fitness Group Business Description

Address 17277, 56 Avenue, Suite 112, Surrey, BC, CAN, V3S 1C2
TUT Fitness Group Inc is a fitness company. engaged in design, development, and distribution of patented fitness equipment. It designs and manufactures the smallest, more affordable, high-performance home gyms, that can be assembled and disassembled in minutes, and stored almost anywhere.
16GF Score

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Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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