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. National American University Holdings's quick ratio for the quarter that ended in Feb. 2024 was 0.44.
National American University Holdings has a quick ratio of 0.44. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for National American University Holdings's Quick Ratio or its related term are showing as below:
NAUH'
s Quick Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.47 Max: 4.02
Current: 0.44
During the past 13 years, National American University Holdings's highest Quick Ratio was 4.02. The lowest was 0.12. And the median was 0.47.
NAUH's Quick Ratio is ranked worse than 88.35% of 266
companies
in the Education industry
Industry Median: 1.25
vs NAUH: 0.44
National American University Holdings Quick Ratio Historical Data
The historical data trend for National American University Holdings'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.
For the Education & Training Services subindustry, National American University Holdings'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.
National American University Holdings Quick Ratio Distribution
For the Education industry and Consumer Defensive sector, National American University Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where National American University Holdings's Quick Ratio falls into.
National American University Holdings 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.
National American University Holdings's Quick Ratio for the fiscal year that ended in May. 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.
National American University Holdings (OTCPK:NAUH) 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.
National American University Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of National American University Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
National American University Holdings (National American University Holdings) Business Description
National American University Holdings Inc provides professional and technical post-secondary education for working adults and other non-traditional students. The company owns and operates National American University, a multi-campus institution of higher learning. The university offers diploma, associate, baccalaureate, master's, and doctoral degrees in business-related disciplines, such as accounting, management, business administration, and information technology; in healthcare-related disciplines, such as occupational therapy, medical assisting, nursing, surgical technology, and healthcare information and management; in legal-related disciplines, such as paralegal, criminal justice, and professional legal studies; and in higher education.
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