Ubisoft Entertainment has a quick ratio of 2.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ubisoft Entertainment's Quick Ratio or its related term are showing as below:
UBSFY'
s Quick Ratio Range Over the Past 10 Years
Min: 1.12 Med: 1.68 Max: 2.76
Current: 2.29
During the past 13 years, Ubisoft Entertainment's highest Quick Ratio was 2.76. The lowest was 1.12. And the median was 1.68.
UBSFY's Quick Ratio is ranked better than 56.7% of 582
companies
in the Interactive Media industry
Industry Median: 1.95
vs UBSFY: 2.29
Ubisoft Entertainment Quick Ratio Historical Data
The historical data trend for Ubisoft Entertainment'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 Ubisoft Entertainment's Quick Ratio
For the Electronic Gaming & Multimedia subindustry, Ubisoft Entertainment'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.
Ubisoft Entertainment's Quick Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Ubisoft Entertainment's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ubisoft Entertainment'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.
Ubisoft Entertainment's Quick Ratio for the fiscal year that ended in Mar. 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.
Ubisoft Entertainment (OTCPK:UBSFY) 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.
Ubisoft Entertainment Quick Ratio Related Terms
Thank you for viewing the detailed overview of Ubisoft Entertainment's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ubisoft develops and publishes top-quality video games for play on gaming consoles, PCs, and mobile devices. Its major franchises include Assassin's Creed, Rainbow Six, Far Cry, Just Dance, The Crew, and Skull & Bones. It also has a license to release games under the Star Wars and Avatar banners, as well as use the Tom Clancy name. The firm also holds the game streaming rights to Activision's existing catalog and any games it develops through 2038. Typically, about half of the firm's sales come from North America, and 35% from Europe. Furthermore, about 40% of sales are classified as recurring—from in-game purchases—while about 60% are nonrecurring, from the initial game sales.
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