NCNCF (noco-noco) Quick Ratio : 0.88 (As of Dec. 2023)

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What is noco-noco 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. noco-noco's quick ratio for the quarter that ended in Dec. 2023 was 0.88.

noco-noco has a quick ratio of 0.88. It indicates that the company cannot currently fully pay back its current liabilities.

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

NCNCF' s Quick Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.6 Max: 3.68
Current: 0.88

During the past 3 years, noco-noco's highest Quick Ratio was 3.68. The lowest was 0.07. And the median was 0.60.

NCNCF's Quick Ratio is ranked worse than
60.77% of 1318 companies
in the Vehicles & Parts industry
Industry Median: 1.05 vs NCNCF: 0.88

noco-noco Quick Ratio Historical Data

The historical data trend for noco-noco'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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noco-noco Quick Ratio Chart

noco-noco Annual Data

Trend

Jun21

Jun22

Jun23

Quick Ratio

0.07

3.68

0.60

noco-noco Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial			-	3.68	0.28	0.60	0.88

Competitive Comparison of noco-noco's Quick Ratio

For the Auto Parts subindustry, noco-noco'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.

noco-noco's Quick Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, noco-noco's Quick Ratio distribution charts can be found below:

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

noco-noco 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.

noco-noco's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.456	-	0)	/	0.76
	=	0.60

noco-noco's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(2.461	-	0)	/	2.789
	=	0.88

noco-noco (OTCPK:NCNCF) 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.

noco-noco Quick Ratio Related Terms

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noco-noco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » noco-noco Inc (OTCPK:NCNCF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Shenton Way, No.04-06 SGX Centre 2, Singapore, SGP, 068807

Website

https://www.noco-noco.com

noco-noco Inc is an early-stage decarbonization solution provider in Asia, aiming to engage in the leasing of battery products, including batteries and BEVs to commercial transportation companies, and of ESS to renewable power plants and other power plants requiring grid stabilization and backup power; and (ii) carbon abatement solutions for landowners and carbon credit sales. noco-noco operates own-and-lease business model where it manufactures its battery products through OEMs and leases them to its clients. It also engages in carbon abatement solutions and carbon credit sales and cross-sells them to its battery business clients to offset carbon emissions from their operations.