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Take-Two Interactive Software Quick Ratio

: 0.92 (As of Jun. 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. Take-Two Interactive Software's quick ratio for the quarter that ended in Jun. 2022 was 0.92.

Take-Two Interactive Software has a quick ratio of 0.92. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Take-Two Interactive Software's Quick Ratio or its related term are showing as below:

TTWO' s Quick Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.71   Max: 4.32
Current: 0.92

During the past 13 years, Take-Two Interactive Software's highest Quick Ratio was 4.32. The lowest was 0.70. And the median was 1.71.

TTWO's Quick Ratio is ranked worse than
82.37% of 607 companies
in the Interactive Media industry
Industry Median: 2.27 vs TTWO: 0.92

Take-Two Interactive Software Quick Ratio Historical Data

The historical data trend for Take-Two Interactive Software'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.

Take-Two Interactive Software Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.43 1.70 1.88 1.83

Take-Two Interactive Software Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 1.85 1.65 1.78 1.83 0.92

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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.

   

Take-Two Interactive Software Quick Ratio Distribution

For the Interactive Media industry and Communication Services sector, Take-Two Interactive Software's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Take-Two Interactive Software's Quick Ratio falls into.



Take-Two Interactive Software 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.

Take-Two Interactive Software's Quick Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Quick Ratio (A: Mar. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3871.088-13.224)/2104.964
=1.83

Take-Two Interactive Software's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as

Quick Ratio (Q: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3036-0)/3286.7
=0.92

* 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.


Take-Two Interactive Software  (NAS:TTWO) 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.


Take-Two Interactive Software Quick Ratio Related Terms

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Take-Two Interactive Software Business Description

Take-Two Interactive Software logo
Address
110 West 44th Street, New York, NY, USA, 10036
Found in 1993, Take-Two consists of two wholly owned labels, Rockstar Games and 2K. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom."
Executives
Gordon William B director
Siminoff Ellen F director 555 ELLIS STREET MOUNTAIN VIEW CA 94043
Hernandez Roland A director 300 NORTH SAN RAFAEL AVE PASADENA CA 91105
Viera Paul E director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 110 WEST 44TH STREET NEW YORK NY 10036
Srinivasan Laverne Evans director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10012
Emerson Daniel P officer: General Counsel 622 BROADWAY NEW YORK NY 10012
Tolson Susan director C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10019
Feder Benjamim officer: Chief Executive Officer C/O ZELNICKMEDIA CORPORATION 650 5TH AVENUE NEW YORK NY 10019
Slatoff Karl officer: Executive Vice President C/O ZELNICKMEDIA CORPORATION 19 WEST 44TH STREET, 18TH FLOOR NEW YORK NY 10036
Icahn Brett director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Nelson James Larry director 2747 PARADISE ROAD PH2804 LAS VEGAS NV 89109
Cho Sunghwan director C/O ICAHN ENTERPRISES L.P. 16690 COLLINS AVE., PH SUNNY ISLES FL 33160
Zelnick Strauss director, officer: Executive Chairman C/O ZELNICKMEDIA 650 FIFTH AVE 31ST FLOOR NEW YORK NY 10019
Goldstein Lainie officer: Chief Financial Officer C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 622 BROADWAY NEW YORK NY 10012
Krauss Seth D officer: Exec VP and General Counsel C/O TAKE-TWO INTERACTIVE SOFTWARE, INC. 222 BROADWAY NEW YORK NY 10012

Take-Two Interactive Software Headlines

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