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. Versus Systems's quick ratio for the quarter that ended in Sep. 2024 was 46.04.
Versus Systems has a quick ratio of 46.04. It generally indicates good short-term financial strength.
The historical rank and industry rank for Versus Systems's Quick Ratio or its related term are showing as below:
VS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 1.32 Max: 55.45
Current: 46.04
During the past 13 years, Versus Systems's highest Quick Ratio was 55.45. The lowest was 0.01. And the median was 1.32.
VS's Quick Ratio is ranked better than 99.54% of 2810
companies
in the Software industry
Industry Median: 1.65
vs VS: 46.04
Versus Systems Quick Ratio Historical Data
The historical data trend for Versus Systems'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 Versus Systems's Quick Ratio
For the Software - Application subindustry, Versus Systems'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.
Versus Systems's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Versus Systems's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Versus Systems'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.
Versus Systems's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Versus Systems (NAS:VS) 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.
Versus Systems Quick Ratio Related Terms
Thank you for viewing the detailed overview of Versus Systems's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Versus Systems Inc offers a suite of proprietary business-to-business software tools that are meant to drive user engagement through gamification and rewards. These tools allow its partners to offer in-game prizes and rewards, including merchandise, coupons, digital goods, and sweepstakes entries - inside their websites, their venues, or their streaming media content. Its customers are mostly sports teams, venues, and advertising agencies, which typically use its products as part of their live events or as part of an advertising campaign with the goal of engaging fans, increasing consented first-party data, and increasing sales. The company operates in Canada and the USA.
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