Tinkerine Studios (TSXV:TTD.H) Quick Ratio: 0.58 (As of Sep. 2023)


What is Tinkerine Studios Quick Ratio?

Tinkerine Studios TSXV:TTD.H Quick Ratio is 0.58 as of Sep. 2023.

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. Tinkerine Studios's quick ratio for the quarter that ended in Sep. 2023 was 0.58.

Tinkerine Studios has a quick ratio of 0.58. It indicates that the company cannot currently fully pay back its current liabilities.

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

TSXV:TTD.H's Quick Ratio is not ranked *
in the Hardware industry.
Industry Median: 1.46
* Ranked among companies with meaningful Quick Ratio only.

Tinkerine Studios  (TSXV:TTD.H) 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.

Tinkerine Studios Quick Ratio Related Terms

Tinkerine Studios Quick Ratio Historical Data

* Premium members only.

The historical data trend for Tinkerine Studios'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.

Tinkerine Studios Quick Ratio Chart

Tinkerine Studios Annual Data
Trend Oct13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.04 0.15 0.04 0.09

Tinkerine Studios Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.09 0.16 0.52 0.58

TSXV:TTD.H vs ITOX, DPSM: Quick Ratio Comparison

For the Computer Hardware subindustry, Tinkerine Studios'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.

Tinkerine Studios Quick Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Tinkerine Studios's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Tinkerine Studios's Quick Ratio falls into.


Tinkerine Studios 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.

Tinkerine Studios's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.192-0.053)/1.492
=0.09

Tinkerine Studios's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.482-0.05)/0.741
=0.58

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.58 mean?
Tinkerine Studios (TSXV:TTD.H) has a Quick Ratio of 0.58 as of Sep. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Tinkerine Studios and its competitors.
Is Tinkerine Studios' Quick Ratio too high?
Tinkerine Studios' current Quick Ratio is 0.58. The Hardware industry median Quick Ratio is 1.46. Tinkerine Studios' value of 0.58 is 60.3% below this industry median.
How does Tinkerine Studios' Quick Ratio compare to ITOX and DPSM?
Tinkerine Studios' Quick Ratio of 0.58 can be compared against companies in the Hardware industry. The industry median Quick Ratio is 1.46. Tinkerine Studios' value of 0.58 is 60.3% below this benchmark. 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 Hardware company?
The median Quick Ratio among Hardware companies is 1.46, based on 2,495 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. Tinkerine Studios's current Quick Ratio of 0.58 is 60.3% below 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 Tinkerine Studios and its competitors. For the Hardware industry, the median Quick Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tinkerine Studios's current Quick Ratio is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tinkerine Studios stock overvalued right now?
Tinkerine Studios (TSXV:TTD.H) has a current Quick Ratio of 0.58. The current Quick Ratio is 0.58 and 60.3% below the Hardware industry median of 1.46. 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 Tinkerine Studios (TSXV:TTD.H), the current Quick Ratio is 0.58 as of Sep. 2023. 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.

Tinkerine Studios Business Description

Address 8275 92nd Street, Unit 213A, Delta, BC, CAN, V4G 0A4
Tinkerine Studios Ltd is engaged in designing, manufacturing, and distributing 3D printers, software, and related online educational content. Some of its products include DittoPro 3D Printer, Premium PLA Filament, Tinkerine Suite, and 3D Printing Accessories. Its geographical segments are Canada and the United States.