Xplore Technologies has a quick ratio of 0.67. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Xplore Technologies's Quick Ratio or its related term are showing as below:
XPLR's Quick Ratio is not ranked *
in the Hardware industry.
Industry Median: 1.48 * Ranked among companies with meaningful Quick Ratio only.
Xplore Technologies Quick Ratio Historical Data
The historical data trend for Xplore Technologies'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 Xplore Technologies's Quick Ratio
For the Computer Hardware subindustry, Xplore Technologies'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.
Xplore Technologies's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Xplore Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Xplore Technologies's Quick Ratio falls into.
Xplore Technologies 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.
Xplore Technologies's Quick Ratio for the fiscal year that ended in Mar. 2018 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.
Xplore Technologies (NAS:XPLR) 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.
Xplore Technologies Quick Ratio Related Terms
Thank you for viewing the detailed overview of Xplore Technologies's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Xplore Technologies (Xplore Technologies) Business Description
Xplore Technologies Corp is engaged in the development, integration, and marketing of rugged mobile personal computer systems, or PCs. Company's rugged tablet PCs are designed to withstand hazardous conditions, such as extreme temperatures, driving rain, repeated vibrations, dirt, dust and concussive shocks. The intrinsically safe, ruggedized and reliable nature of its products facilitates the extension of traditional computing systems to a broader range of field personnel, including energy pipeline inspectors, public safety responders, warehouse workers and pharmaceutical scientists. The group's direct customers primarily consist of distribution companies, such as computer companies, specialized system integrators, software vendors, distributors and value-added resellers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XPLR has been successfully added to your 