Lords and Company Worldwide Holdings (XCNQ:LRDS) Quick Ratio: 0.20 (As of Aug. 2023)

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What is Lords and Company Worldwide Holdings Quick Ratio?

Lords and Company Worldwide Holdings XCNQ:LRDS Quick Ratio is 0.20 as of Aug. 2023.

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. Lords and Company Worldwide Holdings's quick ratio for the quarter that ended in Aug. 2023 was 0.20.

Lords and Company Worldwide Holdings has a quick ratio of 0.20. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Lords and Company Worldwide Holdings's Quick Ratio or its related term are showing as below:

XCNQ:LRDS's Quick Ratio is not ranked *
in the Drug Manufacturers industry.
Industry Median: 1.39
* Ranked among companies with meaningful Quick Ratio only.

Lords and Company Worldwide Holdings  (XCNQ:LRDS) 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.


Lords and Company Worldwide Holdings Quick Ratio Related Terms


Lords and Company Worldwide Holdings Quick Ratio Historical Data

* Premium members only.

The historical data trend for Lords and Company Worldwide Holdings'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.

Lords and Company Worldwide Holdings Quick Ratio Chart

Lords and Company Worldwide Holdings Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Aug20 Nov21 Nov22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.20 0.13 0.06 0.33

Lords and Company Worldwide Holdings Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23
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 0.73 0.33 0.18 0.22 0.20

XCNQ:LRDS vs ZTS, CTLT, VTRS: Quick Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Lords and Company Worldwide Holdings'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.


Lords and Company Worldwide Holdings Quick Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lords and Company Worldwide Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Lords and Company Worldwide Holdings's Quick Ratio falls into.



Lords and Company Worldwide Holdings 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.

Lords and Company Worldwide Holdings's Quick Ratio for the fiscal year that ended in Nov. 2022 is calculated as

Quick Ratio (A: Nov. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.409-0)/1.227
=0.33

Lords and Company Worldwide Holdings's Quick Ratio for the quarter that ended in Aug. 2023 is calculated as

Quick Ratio (Q: Aug. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.402-0)/2.02
=0.20

* 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 0.20 mean?
Lords and Company Worldwide Holdings (XCNQ:LRDS) has a Quick Ratio of 0.20 as of Aug. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Lords and Company Worldwide Holdings and its competitors.
Is Lords and Company Worldwide Holdings' Quick Ratio too high?
Lords and Company Worldwide Holdings' current Quick Ratio is 0.20. The Drug Manufacturers industry median Quick Ratio is 1.39. Lords and Company Worldwide Holdings' value of 0.20 is 85.6% below this industry median.
How does Lords and Company Worldwide Holdings' Quick Ratio compare to ZTS and CTLT?
Lords and Company Worldwide Holdings' Quick Ratio of 0.20 can be compared against companies in the Drug Manufacturers industry. The industry median Quick Ratio is 1.39. Lords and Company Worldwide Holdings' value of 0.20 is 85.6% 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 a Drug Manufacturers company?
The median Quick Ratio among Drug Manufacturers companies is 1.39, based on 995 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. Lords and Company Worldwide Holdings's current Quick Ratio of 0.20 is 85.6% 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 Lords and Company Worldwide Holdings and its competitors. For the Drug Manufacturers industry, the median Quick Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lords and Company Worldwide Holdings's current Quick Ratio is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lords and Company Worldwide Holdings stock overvalued right now?
Lords and Company Worldwide Holdings (XCNQ:LRDS) has a current Quick Ratio of 0.20. The current Quick Ratio is 0.20 and 85.6% below the Drug Manufacturers industry median of 1.39. 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 Lords and Company Worldwide Holdings (XCNQ:LRDS), the current Quick Ratio is 0.20 as of Aug. 2023. 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.

Lords and Company Worldwide Holdings Business Description

Address 409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2
Lords and Company Worldwide Holdings Corp develops, produces, and markets lifestyle apparel and natural health products through its e-Commerce platform to retail, B2B and B2C, consumers in North America and Europe utilizing its proprietary direct-to-consumer platform. Through continuous strategic white labelling, Lords has a footprint in the nutraceutical product markets.