Bee Vectoring Technologies International (XCNQ:BEE) Quick Ratio: 0.13 (As of Jun. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Bee Vectoring Technologies International Quick Ratio?

Bee Vectoring Technologies International XCNQ:BEE Quick Ratio is 0.13 as of Jun. 2024.

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. Bee Vectoring Technologies International's quick ratio for the quarter that ended in Jun. 2024 was 0.13.

Bee Vectoring Technologies International has a quick ratio of 0.13. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Bee Vectoring Technologies International's Quick Ratio or its related term are showing as below:

XCNQ:BEE's Quick Ratio is not ranked *
in the Agriculture industry.
Industry Median: 1.01
* Ranked among companies with meaningful Quick Ratio only.

Bee Vectoring Technologies International  (XCNQ:BEE) 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.


Bee Vectoring Technologies International Quick Ratio Related Terms


Bee Vectoring Technologies International Quick Ratio Historical Data

* Premium members only.

The historical data trend for Bee Vectoring Technologies International'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.

Bee Vectoring Technologies International Quick Ratio Chart

Bee Vectoring Technologies International Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.47 5.12 2.56 0.54

Bee Vectoring Technologies International Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.42 0.54 0.24 0.45 0.13

XCNQ:BEE vs BHILQ, YTENQ, GNVR: Quick Ratio Comparison

For the Agricultural Inputs subindustry, Bee Vectoring Technologies International'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.


Bee Vectoring Technologies International Quick Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Bee Vectoring Technologies International's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Bee Vectoring Technologies International's Quick Ratio falls into.



Bee Vectoring Technologies International 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.

Bee Vectoring Technologies International's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.978-0.069)/1.679
=0.54

Bee Vectoring Technologies International's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.254-0.042)/1.682
=0.13

* 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 0.13 mean?
Bee Vectoring Technologies International (XCNQ:BEE) has a Quick Ratio of 0.13 as of Jun. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Bee Vectoring Technologies International and its competitors.
Is Bee Vectoring Technologies International's Quick Ratio too high?
Bee Vectoring Technologies International's current Quick Ratio is 0.13. The Agriculture industry median Quick Ratio is 1.01. Bee Vectoring Technologies International's value of 0.13 is 87.1% below this industry median.
How does Bee Vectoring Technologies International's Quick Ratio compare to BHILQ and YTENQ?
Bee Vectoring Technologies International's Quick Ratio of 0.13 can be compared against companies in the Agriculture industry. The industry median Quick Ratio is 1.01. Bee Vectoring Technologies International's value of 0.13 is 87.1% 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 an Agriculture company?
The median Quick Ratio among Agriculture companies is 1.01, based on 260 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. Bee Vectoring Technologies International's current Quick Ratio of 0.13 is 87.1% 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 Bee Vectoring Technologies International and its competitors. For the Agriculture industry, the median Quick Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bee Vectoring Technologies International's current Quick Ratio is 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bee Vectoring Technologies International stock overvalued right now?
Bee Vectoring Technologies International (XCNQ:BEE) has a current Quick Ratio of 0.13. The current Quick Ratio is 0.13 and 87.1% below the Agriculture industry median of 1.01. 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 Bee Vectoring Technologies International (XCNQ:BEE), the current Quick Ratio is 0.13 as of Jun. 2024. 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.

Bee Vectoring Technologies International Business Description

Address 4160 Sladeview Crescent, Suite 7, Mississauga, ON, CAN, L5L 0A1
Bee Vectoring Technologies International Inc through its subsidiary is focused on the control of pests and enhancement of crops and ornamentals by biological controls in a variety of application processes. Its solution includes The Hive and Bees; and Vectorpak with Vectorite.