Blue Hat Interactive Entertainment Technology (Blue Hat Interactive Entertainment Technology) Quick Ratio : 1.26 (As of Jun. 2023)

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What is Blue Hat Interactive Entertainment Technology 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 Hat Interactive Entertainment Technology's quick ratio for the quarter that ended in Jun. 2023 was 1.26.

Blue Hat Interactive Entertainment Technology has a quick ratio of 1.26. It generally indicates good short-term financial strength.

The historical rank and industry rank for Blue Hat Interactive Entertainment Technology's Quick Ratio or its related term are showing as below:

BHAT' s Quick Ratio Range Over the Past 10 Years
Min: 0.97 Med: 2.44 Max: 3.56
Current: 1.26

During the past 6 years, Blue Hat Interactive Entertainment Technology's highest Quick Ratio was 3.56. The lowest was 0.97. And the median was 2.44.

BHAT's Quick Ratio is ranked worse than
66.56% of 598 companies
in the Interactive Media industry
Industry Median: 1.915 vs BHAT: 1.26

Blue Hat Interactive Entertainment Technology Quick Ratio Historical Data

The historical data trend for Blue Hat Interactive Entertainment Technology'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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Blue Hat Interactive Entertainment Technology Quick Ratio Chart

Blue Hat Interactive Entertainment Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Quick Ratio

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3.56

3.11

3.12

1.18

1.24

Blue Hat Interactive Entertainment Technology Quarterly Data
	Sep17	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Quick Ratio	Get a 7-Day Free Trial													2.40	1.18	0.97	1.24	1.26

Competitive Comparison of Blue Hat Interactive Entertainment Technology's Quick Ratio

For the Electronic Gaming & Multimedia subindustry, Blue Hat Interactive Entertainment Technology'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 Hat Interactive Entertainment Technology's Quick Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Blue Hat Interactive Entertainment Technology's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Blue Hat Interactive Entertainment Technology's Quick Ratio falls into.

Blue Hat Interactive Entertainment Technology 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 Hat Interactive Entertainment Technology'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
	=	(21.532	-	0)	/	17.408
	=	1.24

Blue Hat Interactive Entertainment Technology's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(23.496	-	0)	/	18.641
	=	1.26

Blue Hat Interactive Entertainment Technology (NAS:BHAT) 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 Hat Interactive Entertainment Technology Quick Ratio Related Terms

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Blue Hat Interactive Entertainment Technology (Blue Hat Interactive Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Blue Hat Interactive Entertainment Technology (NAS:BHAT) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

4Y80:Germany

Address

No. 1010 Anling Road, 7th Floor, Building C, Huli District, Xiamen, CHN, 361009

Website

https://www.ir.bluehatgroup.com

Blue Hat Interactive Entertainment Technology is a producer, developer, and operator of augmented reality (AR) interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The company's products include AR Racer, AR Crazy Bug, AR 3D Magic Box, AR Dinosaur, Talking Tom and Friends Bouncing Bubble, and Immersive Education Classes. The company reports in the following segments: Interactive toys - animation series, Interactive toys - game series, and Mobile games, Information services, and Communication services, out of which the majority of the revenue is generated from the game series. The majority of its revenues are generated in China.