Draganfly Investments has a quick ratio of 22.56. It generally indicates good short-term financial strength.
The historical rank and industry rank for Draganfly Investments's Quick Ratio or its related term are showing as below:
LSE:DRG'
s Quick Ratio Range Over the Past 10 Years
Min: 0.19 Med: 7.22 Max: 64.13
Current: 22.56
During the past 12 years, Draganfly Investments's highest Quick Ratio was 64.13. The lowest was 0.19. And the median was 7.22.
LSE:DRG's Quick Ratio is not ranked
in the Asset Management industry.
Industry Median: 2.795
vs LSE:DRG: 22.56
Draganfly Investments (LSE:DRG) 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.
Draganfly Investments Quick Ratio Related Terms
Draganfly Investments Quick Ratio Historical Data
* Premium members only.
The historical data trend for Draganfly Investments'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.
Draganfly Investments Quick Ratio Competitor Comparison
For the Asset Management subindustry, Draganfly Investments'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.
Draganfly Investments Quick Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Draganfly Investments's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Draganfly Investments'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.
Draganfly Investments's Quick Ratio for the fiscal year that ended in Apr. 2017 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.
Draganfly Investments (LSE:DRG) has a Quick Ratio of 22.56 as of Oct. 2017. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Draganfly Investments and its competitors. This is 212% above median its historical median of 7.22. Over the past decade, Draganfly Investments' Quick Ratio has ranged from 0.19 to 64.13.
Is Draganfly Investments' Quick Ratio too high?
Draganfly Investments' current Quick Ratio of 22.56 is 212% above median its 10-year median of 7.22. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 64.13. The Asset Management industry median Quick Ratio is 2.80. Draganfly Investments' value of 22.56 is 707.2% above this industry median.
How does Draganfly Investments' Quick Ratio compare to competitors?
Draganfly Investments' Quick Ratio of 22.56 can be compared against companies in the Asset Management industry. The industry median Quick Ratio is 2.80. Draganfly Investments' value of 22.56 is 707.2% above this benchmark. Historically, Draganfly Investments' own Quick Ratio has ranged from 0.19 to 64.13 over the past decade. While the company's 10-year median is 7.22 vs. the industry median of 2.80, Draganfly Investments 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 an Asset Management company?
The median Quick Ratio among Asset Management companies is 2.80, based on 706 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. Draganfly Investments's current Quick Ratio of 22.56 is 707.2% 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 Draganfly Investments and its competitors. For the Asset Management industry, the median Quick Ratio is 2.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Draganfly Investments's current Quick Ratio is 22.56, which is 212% above median its own 10-year median of 7.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Draganfly Investments stock overvalued right now?
Draganfly Investments (LSE:DRG) has a current Quick Ratio of 22.56. The current Quick Ratio is 22.56, which is 212% above median its 10-year median of 7.22 and 707.2% above the Asset Management industry median of 2.80. 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 Draganfly Investments (LSE:DRG), the current Quick Ratio is 22.56 as of Oct. 2017. 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.
Draganfly Investments Ltd is a part of the financial services sector in the United Kingdom. The key activities of the company include investment trading and holding a small portfolio of investments. The company's objective is that the funding of investment assets is primarily met from shareholders' funds. Draganfly Investments focus on a wide range of economic sector for investment opportunities.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:DRG has been successfully added to your 