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WBSR (Webstar Technology Group) Quick Ratio : 0.01 (As of Sep. 2024)


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What is Webstar Technology Group Quick Ratio?

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. Webstar Technology Group's quick ratio for the quarter that ended in Sep. 2024 was 0.01.

Webstar Technology Group has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Webstar Technology Group's Quick Ratio or its related term are showing as below:

WBSR' s Quick Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.04
Current: 0.01

During the past 7 years, Webstar Technology Group's highest Quick Ratio was 0.04. The lowest was 0.01. And the median was 0.01.

WBSR's Quick Ratio is ranked worse than
99.58% of 2824 companies
in the Software industry
Industry Median: 1.64 vs WBSR: 0.01

Webstar Technology Group Quick Ratio Historical Data

The historical data trend for Webstar Technology 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.

* Premium members only.

Webstar Technology Group Quick Ratio Chart

Webstar Technology Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 0.04 - - - -

Webstar Technology Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - - 0.01 0.01

Competitive Comparison of Webstar Technology Group's Quick Ratio

For the Software - Application subindustry, Webstar Technology 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.


Webstar Technology Group's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Webstar Technology Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Webstar Technology Group's Quick Ratio falls into.



Webstar Technology Group 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.

Webstar Technology Group's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.001-0)/4.372
=0.00

Webstar Technology Group's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.007-0)/1.055
=0.01

* 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.


Webstar Technology Group  (OTCPK:WBSR) 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.


Webstar Technology Group Quick Ratio Related Terms

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Webstar Technology Group Business Description

Traded in Other Exchanges
N/A
Address
330 112th Avenue, NE, No. 300, Bellevue, WA, USA, 98004
Webstar Technology Group Inc is engaged in providing software as a service related to purchased, licensed and in-house-created software technology. Its licensed proprietary software technology solutions include Gigabyte Slayer, and Warp-G software solutions which are designed to enable enterprise customers that transmit live video streams, video downloads and large data files to push such data over existing pipelines at higher speeds in less time also by using new proprietary data compression technology.
Executives
Kevin Harrington director 14044 ICOT BLVD., CLEARWATER FL 33760
Ron G. Landmann director 4231 WALNUT BEND, JACKSONVILLE FL 32257
Harold E. Hutchins officer: Chief Financial Officer 4231 WALNUT BEND, JACKSONVILLE FL 32257
Don Darrell Roberts officer: Chief Executive Officer 4231 WALNUT BEND, JACKSONVILLE FL 32257
Sanford Rush Simon director 4231 WALNUT BEND, JACKSONVILLE FL 32257
James Raymond Owens director, 10 percent owner, officer: Chief Technology Officer 4231 WALNUT BEND, JACKSONVILLE FL 32257
Michael Allan Hendrickson director 12510, 198 DR NE, WOODINVILLE WA 98077