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. EMV Capital's quick ratio for the quarter that ended in Jun. 2024 was 0.31.
EMV Capital has a quick ratio of 0.31. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for EMV Capital's Quick Ratio or its related term are showing as below:
LSE:EMVC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.28 Med: 5.03 Max: 13.38
Current: 0.31
During the past 13 years, EMV Capital's highest Quick Ratio was 13.38. The lowest was 0.28. And the median was 5.03.
LSE:EMVC's Quick Ratio is ranked worse than 92.86% of 672
companies
in the Asset Management industry
Industry Median: 2.685
vs LSE:EMVC: 0.31
EMV Capital Quick Ratio Historical Data
The historical data trend for EMV Capital'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 EMV Capital's Quick Ratio
For the Asset Management subindustry, EMV Capital'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.
EMV Capital's Quick Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, EMV Capital's Quick Ratio distribution charts can be found below:
* The bar in red indicates where EMV Capital'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.
EMV Capital's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
EMV Capital (LSE:EMVC) 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.
EMV Capital Quick Ratio Related Terms
Thank you for viewing the detailed overview of EMV Capital's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
EMV Capital PLC is a deep tech and life sciences venture capital investment group with an international portfolio of high-growth companies. With a strategic focus on generating superior returns for investors from the fast-growing sectors and technologies that will define its future; It invests in, manages and strengthens early-stage IP-rich companies. The company holds both direct equity stakes and carried interest in its portfolio companies, creating an evergreen structure that supports extensive growth and value creation. Its approach is characterized by its proactive management style, aiming to advance portfolio companies to critical value inflection points by actively engaging with them.
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