We Buy Cars Holding (JSE:WBC) Quick Ratio : 0.00 (As of . 20)

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What is We Buy Cars Holding Quick Ratio?

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. We Buy Cars Holding's quick ratio for the quarter that ended in . 20 was 0.00.

We Buy Cars Holding has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for We Buy Cars Holding's Quick Ratio or its related term are showing as below:

JSE:WBC' s Quick Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.39 Max: 0.53
Current: 0.25

During the past 2 years, We Buy Cars Holding's highest Quick Ratio was 0.53. The lowest was 0.25. And the median was 0.39.

JSE:WBC's Quick Ratio is ranked worse than
96.33% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 1.04 vs JSE:WBC: 0.25

We Buy Cars Holding Quick Ratio Historical Data

The historical data trend for We Buy Cars Holding'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.

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We Buy Cars Holding Quick Ratio Chart

We Buy Cars Holding Annual Data

Trend

Mar21

Sep23

Quick Ratio

0.53

0.25

We Buy Cars Holding Quarterly Data
	Sep23
Quick Ratio	0.25

Competitive Comparison of We Buy Cars Holding's Quick Ratio

For the Auto & Truck Dealerships subindustry, We Buy Cars Holding'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.

We Buy Cars Holding's Quick Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, We Buy Cars Holding's Quick Ratio distribution charts can be found below:

* The bar in red indicates where We Buy Cars Holding's Quick Ratio falls into.

We Buy Cars Holding 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.

We Buy Cars Holding's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(2398.193	-	2186.891)	/	862.092
	=	0.25

We Buy Cars Holding's Quick Ratio for the quarter that ended in . 20 is calculated as

Quick Ratio (Q: . 20 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(	-	)	/
	=

We Buy Cars Holding (JSE:WBC) 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.

We Buy Cars Holding Quick Ratio Related Terms

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