Mobi724 Global Solutions (Mobi724 Global Solutions) Quick Ratio : 0.03 (As of Sep. 2023)

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What is Mobi724 Global Solutions 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. Mobi724 Global Solutions's quick ratio for the quarter that ended in Sep. 2023 was 0.03.

Mobi724 Global Solutions has a quick ratio of 0.03. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Mobi724 Global Solutions's Quick Ratio or its related term are showing as below:

MOBIF' s Quick Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.2 Max: 1.96
Current: 0.03

During the past 13 years, Mobi724 Global Solutions's highest Quick Ratio was 1.96. The lowest was 0.02. And the median was 0.20.

MOBIF's Quick Ratio is ranked worse than
99.08% of 2826 companies
in the Software industry
Industry Median: 1.67 vs MOBIF: 0.03

Mobi724 Global Solutions Quick Ratio Historical Data

The historical data trend for Mobi724 Global Solutions'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.

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Mobi724 Global Solutions Quick Ratio Chart

Mobi724 Global Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Quick Ratio

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0.60

1.16

0.28

0.14

0.08

Mobi724 Global Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Quick Ratio	Get a 7-Day Free Trial															0.04	0.08	0.06	0.05	0.03

Competitive Comparison of Mobi724 Global Solutions's Quick Ratio

For the Information Technology Services subindustry, Mobi724 Global Solutions'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.

Mobi724 Global Solutions's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Mobi724 Global Solutions's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Mobi724 Global Solutions's Quick Ratio falls into.

Mobi724 Global Solutions 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.

Mobi724 Global Solutions's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.749	-	0)	/	9.568
	=	0.08

Mobi724 Global Solutions's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.287	-	0)	/	10.267
	=	0.03

Mobi724 Global Solutions (OTCPK:MOBIF) 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.

Mobi724 Global Solutions Quick Ratio Related Terms

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Mobi724 Global Solutions (Mobi724 Global Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mobi724 Global Solutions Inc (OTCPK:MOBIF) » Definitions » Quick Ratio

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Address

257 Rue Sherbrooke Est, Suite 400, Montreal, QC, CAN, H2X 1E3

Website

https://www.mobi724.com

Mobi724 Global Solutions Inc is a fintech company which provides a platform, that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. The company's objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences and generating incremental commercial opportunities to its clients.