Netcad Yazilim ASIST:NETCD -5.58%30 Quick Ratio is 4.85 as of Dec. 2024, which is 110% above its 10-year median of 2.31. GuruFocus rates IST:NETCD with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 2,864 Software companies, Netcad Yazilim AS ranks better than 86.94% on this metric.
Netcad Yazilim AS has a quick ratio of 4.85. It generally indicates good short-term financial strength.
The historical rank and industry rank for Netcad Yazilim AS's Quick Ratio or its related term are showing as below:
IST:NETCD'
s Quick Ratio Range Over the Past 10 Years
Min: 1.51 Med: 2.31 Max: 4.85
Current: 4.85
During the past 3 years, Netcad Yazilim AS's highest Quick Ratio was 4.85. The lowest was 1.51. And the median was 2.31.
IST:NETCD's Quick Ratio is ranked better than 86.94% of 2864
companies
in the Software industry
Industry Median: 1.7
vs IST:NETCD: 4.85
Netcad Yazilim AS (IST:NETCD) 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.
Netcad Yazilim AS Quick Ratio Related Terms
Netcad Yazilim AS Quick Ratio Historical Data
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The historical data trend for Netcad Yazilim AS'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.
Netcad Yazilim AS Quick Ratio Chart
Netcad Yazilim AS Annual Data
Trend
Dec22
Dec23
Dec24
Quick Ratio
1.51
2.31
4.85
Netcad Yazilim AS Semi-Annual Data
Dec22
Dec23
Dec24
Quick Ratio
1.51
2.31
4.85
IST:NETCD vs CRM, SHOP, UBER: Quick Ratio Comparison
For the Software - Application subindustry, Netcad Yazilim AS'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.
Netcad Yazilim AS Quick Ratio vs Software Industry
For the Software industry and Technology sector, Netcad Yazilim AS's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Netcad Yazilim AS'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.
Netcad Yazilim AS'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.
Netcad Yazilim AS (IST:NETCD) has a Quick Ratio of 4.85 as of Dec. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Netcad Yazilim AS and its competitors. This is 110% above median its historical median of 2.31. Over the past decade, Netcad Yazilim AS's Quick Ratio has ranged from 1.51 to 4.85. According to the industry distribution chart, Netcad Yazilim AS ranks #374 out of 2864 companies in the Software industry, placing it in the top 13.1%.
Is Netcad Yazilim AS's Quick Ratio too high?
Netcad Yazilim AS's current Quick Ratio of 4.85 is 110% above median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 4.85. The Software industry median Quick Ratio is 1.70. Netcad Yazilim AS's value of 4.85 is 185.3% above this industry median. Based on the distribution chart, Netcad Yazilim AS ranks #374 out of 2864 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netcad Yazilim AS has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Netcad Yazilim AS's Quick Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Netcad Yazilim AS ranks #374 out of 2864 companies for Quick Ratio. This places Netcad Yazilim AS in the top 13% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.70. Netcad Yazilim AS's value of 4.85 is 185.3% above this benchmark. Historically, Netcad Yazilim AS's own Quick Ratio has ranged from 1.51 to 4.85 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 1.70, Netcad Yazilim AS has consistently been above the industry average. 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 Software company?
The median Quick Ratio among Software companies is 1.70, based on 2,864 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. Netcad Yazilim AS's current Quick Ratio of 4.85 is 185.3% above 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 Netcad Yazilim AS and its competitors. For the Software industry, the median Quick Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcad Yazilim AS's current Quick Ratio is 4.85, which is 110% above median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcad Yazilim AS stock overvalued right now?
Netcad Yazilim AS (IST:NETCD) has a current Quick Ratio of 4.85. The current Quick Ratio is 4.85, which is 110% above median its 10-year median of 2.31 and 185.3% above the Software industry median of 1.70. Netcad Yazilim AS's overall GF Score™ is 30/100 with 2 warning signs to review. 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 Netcad Yazilim AS (IST:NETCD), the current Quick Ratio is 4.85 as of Dec. 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.
Netcad Yazilim AS a developer of software in this field in Turkey focused on Geographic Information Systems (GIS), CAD, engineering and smart-city solutions. Its solutions involve Smart Cities, Smart Planning, Digital Mapping, Land Management, Smart Mining, Smart Grid Management, and Smart Transportation.
30GF Score
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