Emergence Global Enterprises (XTER:9VDA) Quick Ratio: 0.14 (As of Jul. 2022)

Emergence Global Enterprises  (XTER:9VDA) 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.

Emergence Global Enterprises Quick Ratio Related Terms

The historical data trend for Emergence Global Enterprises'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.

Emergence Global Enterprises Quick Ratio Chart

Emergence Global Enterprises Annual Data
	Trend	Apr12	Apr13	Apr14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21
Quick Ratio		Get a 7-Day Free Trial					0.00	0.00	0.00	0.01	0.31

Emergence Global Enterprises Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Quick Ratio	Get a 7-Day Free Trial															0.11	0.31	0.19	0.46	0.14

XTER:9VDA vs KHC, GIS, HRL: Quick Ratio Comparison

For the Packaged Foods subindustry, Emergence Global Enterprises'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.

Emergence Global Enterprises Quick Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Emergence Global Enterprises's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Emergence Global Enterprises's Quick Ratio falls into.

Emergence Global Enterprises 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.

Emergence Global Enterprises's Quick Ratio for the fiscal year that ended in Oct. 2021 is calculated as

Emergence Global Enterprises's Quick Ratio for the quarter that ended in Jul. 2022 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.

Emergence Global Enterprises Business Description