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. Kainos Group's quick ratio for the quarter that ended in Sep. 2024 was 1.83.
Kainos Group has a quick ratio of 1.83. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kainos Group's Quick Ratio or its related term are showing as below:
LSE:KNOS'
s Quick Ratio Range Over the Past 10 Years
Min: 1.55 Med: 2.04 Max: 2.96
Current: 1.83
During the past 12 years, Kainos Group's highest Quick Ratio was 2.96. The lowest was 1.55. And the median was 2.04.
LSE:KNOS's Quick Ratio is ranked better than 55.61% of 2823
companies
in the Software industry
Industry Median: 1.64
vs LSE:KNOS: 1.83
Kainos Group Quick Ratio Historical Data
The historical data trend for Kainos Group'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 Kainos Group's Quick Ratio
For the Software - Application subindustry, Kainos Group'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.
Kainos Group's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Kainos Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kainos Group's Quick Ratio falls into.
Kainos Group 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.
Kainos Group's Quick Ratio for the fiscal year that ended in Mar. 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.
Kainos Group (LSE:KNOS) 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.
Kainos Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Kainos Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kainos Group PLC provides information technology services, consulting, and software solutions. It is structured into three divisions namely Digital Services, Workday Services, and Workday Products. Digital Services which derives key revenue, includes full life cycle development and support of digital solutions for government and commercial customers. The Workday Services division specializes in deploying and supporting Workday's Finance, HR, and Planning products. The Workday Products division develops products that complement Workday such as the smart product suite, including Smart Test, Smart Audit, and Smart Shield. Geographically, the company's maximum revenue is generated from the United Kingdom and Ireland and the rest from North America, Central Europe, and the Rest of the world.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LSE:KNOS has been successfully added to your 