Bragg Gaming Group has a quick ratio of 1.14. It generally indicates good short-term financial strength.
The historical rank and industry rank for Bragg Gaming Group's Quick Ratio or its related term are showing as below:
TSX:BRAG'
s Quick Ratio Range Over the Past 10 Years
Min: 0.28 Med: 1.18 Max: 5
Current: 1.14
During the past 13 years, Bragg Gaming Group's highest Quick Ratio was 5.00. The lowest was 0.28. And the median was 1.18.
TSX:BRAG's Quick Ratio is ranked better than 52.23% of 831
companies
in the Travel & Leisure industry
Industry Median: 1.1
vs TSX:BRAG: 1.14
Bragg Gaming Group Quick Ratio Historical Data
The historical data trend for Bragg Gaming 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 Bragg Gaming Group's Quick Ratio
For the Gambling subindustry, Bragg Gaming 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.
Bragg Gaming Group's Quick Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bragg Gaming Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bragg Gaming Group's Quick Ratio falls into.
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.
Bragg Gaming Group's Quick Ratio for the fiscal year that ended in Dec. 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.
Bragg Gaming Group (TSX:BRAG) 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.
Bragg Gaming Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Bragg Gaming Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The Company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic, and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from the Netherlands and the rest from Curacao, Malta, the United States, Croatia, and other regions.
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