Allied Gaming & Entertainment (Allied Gaming & Entertainment) Quick Ratio : 6.55 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

Allied Gaming & Entertainment Quick Ratio Definition

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. Allied Gaming & Entertainment's quick ratio for the quarter that ended in Dec. 2023 was 6.55.

Allied Gaming & Entertainment has a quick ratio of 6.55. It generally indicates good short-term financial strength.

The historical rank and industry rank for Allied Gaming & Entertainment's Quick Ratio or its related term are showing as below:

AGAE' s Quick Ratio Range Over the Past 10 Years
Min: 0.15 Med: 3.58 Max: 24.97
Current: 6.55

During the past 7 years, Allied Gaming & Entertainment's highest Quick Ratio was 24.97. The lowest was 0.15. And the median was 3.58.

AGAE's Quick Ratio is ranked better than
94.41% of 1056 companies
in the Media - Diversified industry
Industry Median: 1.45 vs AGAE: 6.55

Allied Gaming & Entertainment Quick Ratio Historical Data

The historical data trend for Allied Gaming & Entertainment'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.

Allied Gaming & Entertainment Quick Ratio Chart

Allied Gaming & Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

Get a 7-Day Free Trial

0.56

1.83

17.96

24.97

6.55

Allied Gaming & Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															24.97	16.55	20.93	30.27	6.55

Competitive Comparison of Allied Gaming & Entertainment's Quick Ratio

For the Entertainment subindustry, Allied Gaming & Entertainment'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.

Allied Gaming & Entertainment Quick Ratio Distribution

For the Media - Diversified industry and Communication Services sector, Allied Gaming & Entertainment's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Allied Gaming & Entertainment's Quick Ratio falls into.

Allied Gaming & Entertainment 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.

Allied Gaming & Entertainment'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
	=	(78.341	-	0)	/	11.952
	=	6.55

Allied Gaming & Entertainment's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(78.341	-	0)	/	11.952
	=	6.55

Allied Gaming & Entertainment (NAS:AGAE) 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.

Allied Gaming & Entertainment Quick Ratio Related Terms

Thank you for viewing the detailed overview of Allied Gaming & Entertainment's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Allied Gaming & Entertainment (Allied Gaming & Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Allied Gaming & Entertainment Inc (NAS:AGAE) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

2AA:Germany 2AA:Germany

Address

745 Fifth Avenue, Suite 500, New York, NY, USA, 10151

Website

https://www.alliedgaming.gg

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.

Executives

Knighted Pastures Llc	10 percent owner	1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007
Roy Choi	other: Managing Member of 10% holder	1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007
Yuanfei Qu	director	745 FIFTH AVE, SUITE 500, NEW YORK NY 10151
Yushi Guo	director	745 FIFTH AVE, SUITE 500, NEW YORK NY 10151
Guanzhou Qin	director	17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614
Adam J Pliska	director, officer: President	5700 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90036
Roy Lawrence Anderson	officer: Chief Financial Officer	17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614
Alexander Misch	director	17872 GILLETTE AVENUE, BUILDING C, 2ND FLOOR, IRVINE CA 92614
Jerry Lewin	director	JINHUA INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016
Libing Wu	director	350 LIGHTING WAY, SECAUCUS NJ 07094
Jingsheng Lu	director, 10 percent owner	FLOOR 3, BUILDING NO. 20, XINYUANLI WEST, CHAOYANG DISTRICT, BEIJING F4 #000
Yangyang Li	director, 10 percent owner	10/F TOWER B FAIRMONT NO. 1 BUILDING, 33# COMMUNITY, GUANGSHUN NORTH ST, CHAOYANG DISTRICT, BEIJING F4 100102
Anthony A Hung	officer: Chief Financial Officer	17877 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92614
Element Partners, Llc	10 percent owner	950 TOWER LANE,, SUITE 1125, FOSTER CITY CA 94404
Lyle Berman	director	10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305