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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. House Of Jane's quick ratio for the quarter that ended in May. 2024 was 0.13.
House Of Jane has a quick ratio of 0.13. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for House Of Jane's Quick Ratio or its related term are showing as below:
HOJI's Quick Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.1 * Ranked among companies with meaningful Quick Ratio only.
House Of Jane (OTCPK:HOJI) 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.
House Of Jane Quick Ratio Related Terms
House Of Jane Quick Ratio Historical Data
* Premium members only.
The historical data trend for House Of Jane'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.
House Of Jane Quick Ratio Chart
House Of Jane Annual Data
Trend
Quick Ratio
House Of Jane Semi-Annual Data
May24
Quick Ratio
0.13
HOJI vs NAII, JVA, HIGR: Quick Ratio Comparison
For the Packaged Foods subindustry, House Of Jane'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.
House Of Jane Quick Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, House Of Jane's Quick Ratio distribution charts can be found below:
* The bar in red indicates where House Of Jane'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.
House Of Jane's Quick Ratio for the fiscal year that ended in . 20 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.
House Of Jane (HOJI) has a Quick Ratio of 0.13 as of May. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on House Of Jane and its competitors.
Is House Of Jane's Quick Ratio too high?
House Of Jane's current Quick Ratio is 0.13. The Consumer Packaged Goods industry median Quick Ratio is 1.10. House Of Jane's value of 0.13 is 88.2% below this industry median. Overall, House Of Jane has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does House Of Jane's Quick Ratio compare to NAII and JVA?
House Of Jane's Quick Ratio of 0.13 can be compared against companies in the Consumer Packaged Goods industry. The industry median Quick Ratio is 1.10. House Of Jane's value of 0.13 is 88.2% 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 Consumer Packaged Goods company?
The median Quick Ratio among Consumer Packaged Goods companies is 1.10, based on 1,993 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. House Of Jane's current Quick Ratio of 0.13 is 88.2% 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 House Of Jane and its competitors. For the Consumer Packaged Goods industry, the median Quick Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. House Of Jane's current Quick Ratio is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is House Of Jane stock overvalued right now?
House Of Jane (HOJI) has a current Quick Ratio of 0.13. The current Quick Ratio is 0.13 and 88.2% below the Consumer Packaged Goods industry median of 1.10. House Of Jane's overall GF Score™ is 25/100. 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 House Of Jane (HOJI), the current Quick Ratio is 0.13 as of May. 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.
House Of Jane Inc, through its subsidiaries, manufactures, sells, and distributes a line of products infused with cannabinoids derived from legal hemp. It offers water-soluble and federally legal cannabinoid formulated products marketed under the HOJI brand, for use in its other product lines, and also supplies it to other manufacturers of cannabinoid products on a wholesale basis. HOJI also provides contract manufacturing services to third-party brands of federally legal cannabinoid products, including edibles, tablets, and powders. In addition, through its Janes Brew line of products, the company also engages in manufacturing, selling, and distributing cannabinoids-infused consumer-packaged dry goods and beverages.
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