Virax Biolabs Group has a quick ratio of 11.39. It generally indicates good short-term financial strength.
The historical rank and industry rank for Virax Biolabs Group's Quick Ratio or its related term are showing as below:
VRAX'
s Quick Ratio Range Over the Past 10 Years
Min: 0.02 Med: 4.64 Max: 25.56
Current: 11.39
During the past 5 years, Virax Biolabs Group's highest Quick Ratio was 25.56. The lowest was 0.02. And the median was 4.64.
VRAX's Quick Ratio is ranked better than 83.89% of 1496
companies
in the Biotechnology industry
Industry Median: 3.38
vs VRAX: 11.39
Virax Biolabs Group Quick Ratio Historical Data
The historical data trend for Virax Biolabs 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 Virax Biolabs Group's Quick Ratio
For the Biotechnology subindustry, Virax Biolabs 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.
Virax Biolabs Group's Quick Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Virax Biolabs Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Virax Biolabs 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.
Virax Biolabs Group'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.
Virax Biolabs Group (NAS:VRAX) 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.
Virax Biolabs Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Virax Biolabs Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Virax Biolabs Group Ltd is a biotechnology company focused on the prevention, detection, diagnosis and risk management of viral diseases that also engages in distribution of diagnostics test kits of various viral threats. It is developing a proprietary T-Cell Test technology with the intention of providing an immunology profiling platform that assesses each individual's immune risk profile against world-wide viral threats. T-Cell testing is particularly effective in the diagnosis and therapeutics of COVID-19 as well as other threats including Hepatitis B, Malaria, Herpes and Human Papillomavirus.
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