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Infinity Stone Ventures (FRA:B2IA) Quick Ratio : 0.04 (As of May. 2023)


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What is Infinity Stone Ventures 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. Infinity Stone Ventures's quick ratio for the quarter that ended in May. 2023 was 0.04.

Infinity Stone Ventures 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 Infinity Stone Ventures's Quick Ratio or its related term are showing as below:

FRA:B2IA' s Quick Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.07   Max: 6.29
Current: 0.04

During the past 2 years, Infinity Stone Ventures's highest Quick Ratio was 6.29. The lowest was 0.03. And the median was 0.07.

FRA:B2IA's Quick Ratio is ranked worse than
98.84% of 2834 companies
in the Software industry
Industry Median: 1.635 vs FRA:B2IA: 0.04

Infinity Stone Ventures Quick Ratio Historical Data

The historical data trend for Infinity Stone Ventures'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.

Infinity Stone Ventures Quick Ratio Chart

Infinity Stone Ventures Annual Data
Trend Aug21 Aug22
Quick Ratio
0.03 0.09

Infinity Stone Ventures Quarterly Data
May20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.09 0.15 0.07 0.04

Competitive Comparison of Infinity Stone Ventures's Quick Ratio

For the Software - Application subindustry, Infinity Stone Ventures'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.


Infinity Stone Ventures's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Infinity Stone Ventures's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Infinity Stone Ventures's Quick Ratio falls into.



Infinity Stone Ventures 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.

Infinity Stone Ventures's Quick Ratio for the fiscal year that ended in Aug. 2022 is calculated as

Quick Ratio (A: Aug. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.728-0)/7.741
=0.09

Infinity Stone Ventures's Quick Ratio for the quarter that ended in May. 2023 is calculated as

Quick Ratio (Q: May. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.203-0)/5.076
=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.


Infinity Stone Ventures  (FRA:B2IA) 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.


Infinity Stone Ventures Quick Ratio Related Terms

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Infinity Stone Ventures (FRA:B2IA) Business Description

Traded in Other Exchanges
Address
750 - 1095 West Pender Street, Vancouver, BC, CAN, V6E 2M6
Infinity Stone Ventures Corp is engaged in the development of battery metals projects to fuel the green revolution, alongside a diversified portfolio of SaaS solutions, thereby delivering solutions across industries to its customers. The company's primary business units include Health Check and the energy metals portfolio. Geographically, it operates in Canada and USA. The Company is engaged in the development, marketing, and commercialization of contact tracing solutions. It is a technology company developing and delivering SaaS solutions for the public and private sectors. It integrates data collection and management (Smart Health RM), communications (Smart Connect), advertising (Engagency), and IoT devices (Smart Check).

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