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Blue Wave Water Capital (XTAE:BLWV-M) Quick Ratio : 0.27 (As of Dec. 2024)


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What is Blue Wave Water Capital 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. Blue Wave Water Capital's quick ratio for the quarter that ended in Dec. 2024 was 0.27.

Blue Wave Water Capital has a quick ratio of 0.27. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Blue Wave Water Capital's Quick Ratio or its related term are showing as below:

XTAE:BLWV-M' s Quick Ratio Range Over the Past 10 Years
Min: 0.27   Med: 1.91   Max: 5.01
Current: 0.27

During the past 13 years, Blue Wave Water Capital's highest Quick Ratio was 5.01. The lowest was 0.27. And the median was 1.91.

XTAE:BLWV-M's Quick Ratio is ranked worse than
92.78% of 1011 companies
in the Drug Manufacturers industry
Industry Median: 1.4 vs XTAE:BLWV-M: 0.27

Blue Wave Water Capital Quick Ratio Historical Data

The historical data trend for Blue Wave Water Capital'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.

Blue Wave Water Capital Quick Ratio Chart

Blue Wave Water Capital Annual Data
Trend Dec10 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 2.65 0.85 0.70 0.27

Blue Wave Water Capital Semi-Annual Data
Dec08 Dec09 Jun10 Dec10 Jun11 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 0.85 0.65 0.70 0.54 0.27

Competitive Comparison of Blue Wave Water Capital's Quick Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Blue Wave Water Capital'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.


Blue Wave Water Capital's Quick Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Blue Wave Water Capital's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Blue Wave Water Capital's Quick Ratio falls into.


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Blue Wave Water Capital 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.

Blue Wave Water Capital's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.477-0)/1.775
=0.27

Blue Wave Water Capital's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.477-0)/1.775
=0.27

* 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.


Blue Wave Water Capital  (XTAE:BLWV-M) 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.


Blue Wave Water Capital Quick Ratio Related Terms

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Blue Wave Water Capital Business Description

Traded in Other Exchanges
N/A
Address
Ramat Yishai, PO Box 305, Kiryat Tivon, ISR, 3601201
Blue Wave Water Capital Ltd Formerly Pharmocann Global Ltd is an Israel-based company engaged in producing medical-related cannabis products which include oil, ointments, tablets, inhalers, rectal and vaginal suppositories, and pre-rolled cigarettes of various types of THC/CBD strains.

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