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. Mobile Embrace's quick ratio for the quarter that ended in Dec. 2021 was 0.00.
Mobile Embrace 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 Mobile Embrace's Quick Ratio or its related term are showing as below:
MBLAF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.34 Med: 1.25 Max: 148.6
Current: 0.34
During the past 13 years, Mobile Embrace's highest Quick Ratio was 148.60. The lowest was 0.34. And the median was 1.25.
MBLAF's Quick Ratio is not ranked
in the Telecommunication Services industry.
Industry Median: 0.965
vs MBLAF: 0.34
Mobile Embrace Quick Ratio Historical Data
The historical data trend for Mobile Embrace'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 Mobile Embrace's Quick Ratio
For the Telecom Services subindustry, Mobile Embrace'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.
Mobile Embrace's Quick Ratio Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Mobile Embrace's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mobile Embrace's Quick Ratio falls into.
Mobile Embrace 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.
Mobile Embrace's Quick Ratio for the fiscal year that ended in Jun. 2022 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.
Mobile Embrace (OTCPK:MBLAF) 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.
Mobile Embrace Quick Ratio Related Terms
Thank you for viewing the detailed overview of Mobile Embrace's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mobile Embrace (Mobile Embrace) Business Description
Impelus Ltd is engaged in mobile commerce which includes mobile marketing and carrier billing. It serves Childcare; Home; Education; Hearing; Health; Auto; Energy; Finance; Insurance; Travel; Telecom and other industries. The company's operating segment includes Direct Carrier Billing and Performance Marketing. It generates maximum revenue from the Performance Marketing segment.
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