MOOOF (Bettermoo(d) Food) Quick Ratio : 0.65 (As of Apr. 2024)

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What is Bettermoo(d) Food 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. Bettermoo(d) Food's quick ratio for the quarter that ended in Apr. 2024 was 0.65.

Bettermoo(d) Food has a quick ratio of 0.65. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Bettermoo(d) Food's Quick Ratio or its related term are showing as below:

MOOOF' s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 7.04
Current: 0.65

During the past 13 years, Bettermoo(d) Food's highest Quick Ratio was 7.04. The lowest was 0.01. And the median was 0.11.

MOOOF's Quick Ratio is ranked worse than
72.77% of 1921 companies
in the Consumer Packaged Goods industry
Industry Median: 1.08 vs MOOOF: 0.65

Bettermoo(d) Food Quick Ratio Historical Data

The historical data trend for Bettermoo(d) Food'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.

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Bettermoo(d) Food Quick Ratio Chart

Bettermoo(d) Food Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Quick Ratio

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0.05

0.04

0.05

2.92

Bettermoo(d) Food Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Oct22	Jan23	Apr23	Oct23	Jan24	Apr24
Quick Ratio	Get a 7-Day Free Trial															1.04	1.38	0.68	0.60	0.65

Competitive Comparison of Bettermoo(d) Food's Quick Ratio

For the Packaged Foods subindustry, Bettermoo(d) Food'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.

Bettermoo(d) Food's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bettermoo(d) Food's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Bettermoo(d) Food's Quick Ratio falls into.

Bettermoo(d) Food 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.

Bettermoo(d) Food's Quick Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Quick Ratio (A: Dec. 2020 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.391	-	0.017)	/	0.128
	=	2.92

Bettermoo(d) Food's Quick Ratio for the quarter that ended in Apr. 2024 is calculated as

Quick Ratio (Q: Apr. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.507	-	0.083)	/	0.654
	=	0.65

Bettermoo(d) Food (OTCPK:MOOOF) 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.

Bettermoo(d) Food Quick Ratio Related Terms

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Bettermoo(d) Food Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bettermoo(d) Food Corp (OTCPK:MOOOF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

0I5A:Germany 0I5A:Germany 0I5A:Germany MOOO:Canada

Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

https://www.bettermoo.com

Bettermoo(d) Food Corp is a Nut-based dairy alternative company driven by the motto What A Cow Eats and A Human Needs. Based in Vancouver, It offers plant-based dairy alternatives infused with a proprietary blend of herbs and environmentally conscious and vegan food. Its products comprise plant-based Buetter (Butter), Moogurt (Yogurt), Cheese, Ice Cream, Sour Cream, and Creme Fraiche. The company is focused on delivering high-quality products through online and in-store retail platforms. It utilizes social media to deliver educational experiences for its customer base while demonstrating - pioneering beverage technologies.