Crazy Sports Group has a quick ratio of 0.72. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Crazy Sports Group's Quick Ratio or its related term are showing as below:
HKSE:00082'
s Quick Ratio Range Over the Past 10 Years
Min: 0.64 Med: 0.95 Max: 11.54
Current: 0.72
During the past 13 years, Crazy Sports Group's highest Quick Ratio was 11.54. The lowest was 0.64. And the median was 0.95.
HKSE:00082's Quick Ratio is ranked worse than 80.76% of 582
companies
in the Interactive Media industry
Industry Median: 1.885
vs HKSE:00082: 0.72
Crazy Sports Group Quick Ratio Historical Data
The historical data trend for Crazy Sports 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.
Competitive Comparison of Crazy Sports Group's Quick Ratio
For the Electronic Gaming & Multimedia subindustry, Crazy Sports 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.
Crazy Sports Group's Quick Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Crazy Sports Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Crazy Sports Group'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.
Crazy Sports Group's Quick Ratio for the fiscal year that ended in Dec. 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.
Crazy Sports Group (HKSE:00082) 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.
Crazy Sports Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Crazy Sports Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Crazy Sports Group Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the development and operation of paid sports information platform, sports social interactive platform, sports quizzing platform, operation and publishing of sports and leisure games and provision of sales services of lottery tickets through retail channels. Its revenues are derived principally from the provision of games, sports social interactive platform, paid sports lottery information platform and provision of sale services of lottery tickets. The group sells virtual currency to end-users. The majority of revenue is attributable to customers in the PRC.
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