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Tintra (LSE:TNT) Quick Ratio : 0.94 (As of Jan. 2023)


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What is Tintra 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. Tintra's quick ratio for the quarter that ended in Jan. 2023 was 0.94.

Tintra has a quick ratio of 0.94. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Tintra's Quick Ratio or its related term are showing as below:

LSE:TNT' s Quick Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.75   Max: 1.21
Current: 0.94

During the past 13 years, Tintra's highest Quick Ratio was 1.21. The lowest was 0.34. And the median was 0.75.

LSE:TNT's Quick Ratio is not ranked
in the Software industry.
Industry Median: 1.67 vs LSE:TNT: 0.94

Tintra Quick Ratio Historical Data

The historical data trend for Tintra'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.

* Premium members only.

Tintra Quick Ratio Chart

Tintra Annual Data
Trend Jul12 Jul13 Jul14 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.34 0.39 0.43 0.94

Tintra Semi-Annual Data
Jul12 Jan13 Jul13 Jan14 Jul14 Jan15 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.48 0.43 0.90 0.94

Competitive Comparison of Tintra's Quick Ratio

For the Software - Infrastructure subindustry, Tintra'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.


Tintra's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Tintra's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Tintra's Quick Ratio falls into.



Tintra 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.

Tintra's Quick Ratio for the fiscal year that ended in Jan. 2023 is calculated as

Quick Ratio (A: Jan. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(10.537-0)/11.242
=0.94

Tintra's Quick Ratio for the quarter that ended in Jan. 2023 is calculated as

Quick Ratio (Q: Jan. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(10.537-0)/11.242
=0.94

* 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.


Tintra  (LSE:TNT) 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.


Tintra Quick Ratio Related Terms

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Tintra (LSE:TNT) Business Description

Traded in Other Exchanges
Address
Berkeley Square House, 2nd Floor, Berkeley Square, London, GBR, W1J 6BD
Tintra PLC is a deep tech company using revolutionary artificial intelligence to drive financial and social inclusion via its own network of banks. The principal activity of the company is of final divestment of legacy business operations and research and development focused on delivering financial inclusion and to be the first Web 3.0 clearing bank based around artificial intelligence innovations. The company operates in United Kingdom.

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