Red Cat Holdings (FRA:BQ73) Quick Ratio : 0.60 (As of Oct. 2024)

Red Cat Holdings Quick Ratio Chart

Red Cat Holdings Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Apr20	Apr21	Apr22	Apr23	Apr24
Quick Ratio		Get a 7-Day Free Trial					0.29	0.27	9.51	5.74	3.94

Red Cat Holdings Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Quick Ratio	Get a 7-Day Free Trial															3.18	3.61	3.94	2.60	0.60

Competitive Comparison of Red Cat Holdings's Quick Ratio

For the Computer Hardware subindustry, Red Cat 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.

Red Cat Holdings's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Red Cat Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Red Cat Holdings's Quick Ratio falls into.

Red Cat 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.

Red Cat Holdings's Quick Ratio for the fiscal year that ended in Apr. 2024 is calculated as

Red Cat Holdings's Quick Ratio for the quarter that ended in Oct. 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.

Red Cat Holdings  (FRA:BQ73) 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.

Red Cat Holdings Quick Ratio Related Terms

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Red Cat Holdings Business Description