What is Carrier Connect Data Solutions Quick Ratio?
Carrier Connect Data SolutionsTSXV:CCDS +9.09%11 Quick Ratio is 3.29 as of Mar. 2026, which is 121% above its 10-year median of 1.49. GuruFocus rates TSXV:CCDS with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 2,864 Software companies, Carrier Connect Data Solutions ranks better than 77.37% on this metric.
Carrier Connect Data Solutions has a quick ratio of 3.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Carrier Connect Data Solutions's Quick Ratio or its related term are showing as below:
TSXV:CCDS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.07 Med: 1.49 Max: 8.03
Current: 3.29
During the past 3 years, Carrier Connect Data Solutions's highest Quick Ratio was 8.03. The lowest was 0.07. And the median was 1.49.
TSXV:CCDS's Quick Ratio is ranked better than 77.37% of 2864
companies
in the Software industry
Industry Median: 1.7
vs TSXV:CCDS: 3.29
Carrier Connect Data Solutions (TSXV:CCDS) 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.
Carrier Connect Data Solutions Quick Ratio Related Terms
Carrier Connect Data Solutions Quick Ratio Historical Data
* 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.
TSXV:CCDS vs IBM, ACN, FISV: Quick Ratio Comparison
For the Information Technology Services subindustry, Carrier Connect Data Solutions'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.
Carrier Connect Data Solutions Quick Ratio vs Software Industry
For the Software industry and Technology sector, Carrier Connect Data Solutions's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Carrier Connect Data Solutions's Quick Ratio falls into.
Carrier Connect Data Solutions 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.
* 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.
Carrier Connect Data Solutions (TSXV:CCDS) has a Quick Ratio of 3.29 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Carrier Connect Data Solutions and its competitors. This is 121% above median its historical median of 1.49. Over the past decade, Carrier Connect Data Solutions' Quick Ratio has ranged from 0.07 to 8.03. According to the industry distribution chart, Carrier Connect Data Solutions ranks #648 out of 2864 companies in the Software industry, placing it in the top 22.6%.
Is Carrier Connect Data Solutions' Quick Ratio too high?
Carrier Connect Data Solutions' current Quick Ratio of 3.29 is 121% above median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 8.03. The Software industry median Quick Ratio is 1.70. Carrier Connect Data Solutions' value of 3.29 is 93.5% above this industry median. Based on the distribution chart, Carrier Connect Data Solutions ranks #648 out of 2864 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Carrier Connect Data Solutions has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Carrier Connect Data Solutions' Quick Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Carrier Connect Data Solutions ranks #648 out of 2864 companies for Quick Ratio. This places Carrier Connect Data Solutions in the top 23% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.70. Carrier Connect Data Solutions' value of 3.29 is 93.5% above this benchmark. Historically, Carrier Connect Data Solutions' own Quick Ratio has ranged from 0.07 to 8.03 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 1.70, Carrier Connect Data Solutions has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Software company?
The median Quick Ratio among Software companies is 1.70, based on 2,864 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carrier Connect Data Solutions's current Quick Ratio of 3.29 is 93.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Carrier Connect Data Solutions and its competitors. For the Software industry, the median Quick Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Connect Data Solutions's current Quick Ratio is 3.29, which is 121% above median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Connect Data Solutions stock overvalued right now?
Carrier Connect Data Solutions (TSXV:CCDS) has a current Quick Ratio of 3.29. The current Quick Ratio is 3.29, which is 121% above median its 10-year median of 1.49 and 93.5% above the Software industry median of 1.70. Carrier Connect Data Solutions' overall GF Score™ is 11/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Carrier Connect Data Solutions (TSXV:CCDS), the current Quick Ratio is 3.29 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Carrier Connect Data Solutions Business Description
Carrier Connect Data Solutions Inc operates a Tier II/III data center located in downtown Vancouver, British Columbia, and specializes in delivering co-location and data center solutions to service providers, enterprises and small businesses. Data centers are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives, and network equipment. As a carrier-neutral facility, Carrier's systems are fully independent and owned outright within its leased space. The current principal market for Carrier is the Vancouver Metropolitan Area, where it serves clients who use its facility either as their primary data center or as an ancillary site depending on their needs.
11GF Score
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