>
Switch to:

WiMi Hologram Cloud Quick Ratio

: 0.00 (As of Jun. 2020)
View and export this data going back to 2020. Start your Free Trial

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. WiMi Hologram Cloud's quick ratio for the quarter that ended in Jun. 2020 was 0.00.

WiMi Hologram Cloud has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

During the past 3 years, WiMi Hologram Cloud's highest Quick Ratio was 4.66. The lowest was 0.00. And the median was 2.67.


WiMi Hologram Cloud Quick Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

WiMi Hologram Cloud Annual Data
Dec17 Dec18 Dec19
Quick Ratio 0.37 4.66 1.45

WiMi Hologram Cloud Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Quick Ratio Premium Member Only 0.00 4.66 3.88 1.45 0.00

Competitive Comparison
* 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.


WiMi Hologram Cloud Quick Ratio Distribution

* The bar in red indicates where WiMi Hologram Cloud's Quick Ratio falls into.



WiMi Hologram Cloud 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.

WiMi Hologram Cloud's Quick Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Quick Ratio (A: Dec. 2019 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(25.309180603676-0)/17.412777849067
=1.45

WiMi Hologram Cloud's Quick Ratio for the quarter that ended in Jun. 2020 is calculated as

Quick Ratio (Q: Jun. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(45.5690804338-0)/0
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


WiMi Hologram Cloud  (NAS:WIMI) 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.


WiMi Hologram Cloud Quick Ratio Related Terms


WiMi Hologram Cloud Quick Ratio Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)