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Blackstar Enterprise Group (OTCPK:BEGI) Quick Ratio

: 0.10 (As of Sep. 2022)
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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. Blackstar Enterprise Group's quick ratio for the quarter that ended in Sep. 2022 was 0.10.

Blackstar Enterprise Group has a quick ratio of 0.10. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Blackstar Enterprise Group's Quick Ratio or its related term are showing as below:

BEGI' s Quick Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.44   Max: 2.21
Current: 0.1

During the past 11 years, Blackstar Enterprise Group's highest Quick Ratio was 2.21. The lowest was 0.01. And the median was 0.44.

BEGI's Quick Ratio is ranked worse than
97.97% of 641 companies
in the Capital Markets industry
Industry Median: 2.11 vs BEGI: 0.10

Blackstar Enterprise Group Quick Ratio Historical Data

The historical data trend for Blackstar Enterprise Group'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.

Blackstar Enterprise Group Annual Data
Trend Jul01 Jul02 Jul03 Jul04 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.55 0.06 0.16 0.65 0.65

Blackstar Enterprise Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Quick Ratio 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 Premium Member Only Premium Member Only Premium Member Only 1.10 0.65 0.46 0.27 0.10

Competitive Comparison

For the Capital Markets subindustry, Blackstar Enterprise Group'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.

   

Blackstar Enterprise Group Quick Ratio Distribution

For the Capital Markets industry and Financial Services sector, Blackstar Enterprise Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Blackstar Enterprise Group's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.



Blackstar Enterprise Group 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.

Blackstar Enterprise Group's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.524-0)/0.807
=0.65

Blackstar Enterprise Group's Quick Ratio for the quarter that ended in Sep. 2022 is calculated as

Quick Ratio (Q: Sep. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.1-0)/0.959
=0.10

* 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.


Blackstar Enterprise Group  (OTCPK:BEGI) 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.


Blackstar Enterprise Group Quick Ratio Related Terms

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Blackstar Enterprise Group (OTCPK:BEGI) Business Description

Blackstar Enterprise Group logo
Traded in Other Exchanges
N/A
Address
4450 Arapahoe Avenue, Suite 100, Boulder, CO, USA, 80303
Blackstar Enterprise Group Inc is engaged in Merchant Banking and Finance business. The company intends to gain exposure to the blockchain ecosystem through targeted joint ventures in the sector. It also offers consulting and regulatory compliance services to crypto-equity companies.
Executives
John N Harris director, 10 percent owner, officer: CEO PO BOX 1547, LYONS CO 80540
International Hedge Group, Inc. 10 percent owner 1711 WALES DRIVE, BERTHOUD CO 80513
Joseph E Kurczodyna director, 10 percent owner, officer: CFO 1711 WALES DRIVE, BERTHOUD CO 80513
Todd Harold Lahr 10 percent owner, other: Former President & Director 134 3RD ST, NAZARETH PA 18064
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