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. Legacy Imbds's quick ratio for the quarter that ended in Oct. 2022 was 0.39.
Legacy Imbds has a quick ratio of 0.39. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Legacy Imbds's Quick Ratio or its related term are showing as below:
IMBIQ's Quick Ratio is not ranked *
in the Retail - Cyclical industry.
Industry Median: 0.865 * Ranked among companies with meaningful Quick Ratio only.
Legacy Imbds Quick Ratio Historical Data
The historical data trend for Legacy Imbds'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.
Competitive Comparison of Legacy Imbds's Quick Ratio
For the Specialty Retail subindustry, Legacy Imbds'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.
Legacy Imbds's Quick Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Legacy Imbds's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Legacy Imbds's Quick Ratio falls into.
Legacy Imbds 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.
Legacy Imbds's Quick Ratio for the fiscal year that ended in Jan. 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.
Legacy Imbds (OTCPK:IMBIQ) 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.
Legacy Imbds Quick Ratio Related Terms
Thank you for viewing the detailed overview of Legacy Imbds's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Legacy Imbds Inc Formerly iMedia Brands Inc is a global interactive media company that manages a portfolio of shopping television networks and web service businesses, primarily in North America, for English and Spanish speaking audiences. It's brand portfolio spans multiple business models and product categories and includes ShopHQ, iMedia Web Services, Bulldog Shopping Network, and LaVenta Shopping Network. It operates in three segments: Entertainment, Consumer Brand and Media Commerce Services. Geographically, it derives a majority of its revenue from the US.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
IMBIQ has been successfully added to your 