Getty Images Holdings has a quick ratio of 0.79. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Getty Images Holdings's Quick Ratio or its related term are showing as below:
GETY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.84 Max: 1.15
Current: 0.79
During the past 4 years, Getty Images Holdings's highest Quick Ratio was 1.15. The lowest was 0.09. And the median was 0.84.
GETY's Quick Ratio is ranked worse than 80.58% of 582
companies
in the Interactive Media industry
Industry Median: 1.935
vs GETY: 0.79
Getty Images Holdings Quick Ratio Historical Data
The historical data trend for Getty Images 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.
Competitive Comparison of Getty Images Holdings's Quick Ratio
For the Internet Content & Information subindustry, Getty Images 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.
Getty Images Holdings's Quick Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Getty Images Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Getty Images Holdings's Quick Ratio falls into.
Getty Images 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.
Getty Images Holdings's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Getty Images Holdings (NYSE:GETY) 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.
Getty Images Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Getty Images Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Getty Images Holdings Inc is engaged in the core mission of bringing the world's creative and editorial visual content solutions to its customers to engage their audiences. the company has developed market enhancements across e-commerce, content subscriptions, user-generated content, diverse and inclusive content, and proprietary research alongside investment in its technology platform, which includes artificial intelligence and machine learning-driven search functionality and image editing and integrated APIs, to become a trusted industry leader in the visual content. Geographically the company operates in the Americas, Europe, the Middle East, Africa, and Asia-Pacific, out of which a majority of its revenue is generated from the Americas.
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