Market Cap : 8.48 B | Enterprise Value : 7.36 B | PE Ratio : At Loss | PB Ratio : 7.40 |
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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. Toast's quick ratio for the quarter that ended in Mar. 2022 was 3.55.
Toast has a quick ratio of 3.55. It generally indicates good short-term financial strength.
The historical rank and industry rank for Toast's Quick Ratio or its related term are showing as below:
During the past 3 years, Toast's highest Quick Ratio was 5.08. The lowest was 1.53. And the median was 3.83.
TOST's Quick Ratio is ranked better thanThe historical data trend for Toast'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 Software - Infrastructure subindustry, Toast'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.
For the Software industry and Technology sector, Toast's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Toast's Quick Ratio falls into.
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.
Toast's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Quick Ratio (A: Dec. 2021 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (1485 | - | 42) | / | 352 | |
= | 4.10 |
Toast's Quick Ratio for the quarter that ended in Mar. 2022 is calculated as
Quick Ratio (Q: Mar. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (1477 | - | 44) | / | 404 | |
= | 3.55 |
* 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.
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.
Thank you for viewing the detailed overview of Toast's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Grimm Jonathan | 10 percent owner, officer: Chief Technology Officer | TOAST, INC. 401 PARK DRIVE, SUITE 801 BOSTON MA 02215 |
Hmi Capital Partners, L.p. | 10 percent owner | C/O HMI CAPITAL, LLC 555 CALIFORNIA STREET, SUITE 4900 SAN FRANCISCO CA 94104 |
Hmi Capital Management, L.p. | 10 percent owner | 555 CALIFORNIA STREET SUITE 4900 SAN FRANCISCO CA 94104 |
Koplow Hilarie A. | director | C/O NEW RELIC, INC. 188 SPEAR STREET, STE. 1200 SAN FRANCISCO CA 94105 |
Matlock James Michael | officer: Principal Accounting Officer | TOAST, INC. 401 PARK DRIVE, SUITE 801 BOSTON MA 02215 |
Fmr Llc | 10 percent owner, other: See Remark 1 | 245 SUMMER STREET BOSTON MA 02210 |
Tcv X Member Fund, L.p. | other: May be part of a 13(d) group | 250 MIDDLEFIELD ROAD MENLO PARK CA 94025 |
Technology Investment Dining Group, Llc | 10 percent owner | 18 BANK STREET LEBANON NH 03766 |
Bell Paul D | director | C/O DELL INC. ONE DELL WAY ROUND ROCK TX 78682-2244 |
Bessemer Venture Partners Century Fund Institutional L.p. | 10 percent owner | 1865 PALMER AVENUE SUITE 104 LARCHMONT NY 10538 |
Bessemer Venture Partners Century Fund L.p. | 10 percent owner | 1865 PALMER AVENUE SUITE 104 LARCHMONT NY 10538 |
Papa Steve | 10 percent owner | C/O DESKTOP METAL, INC. 63 THIRD AVENUE BURLINGTON MA 01803 |
Bennett Richard Kent | director | 1865 PALMER AVENUE SUITE 104 LARCHMONT NY 10538 |
Comparato Christopher P | director, officer: Chief Executive Officer | TOAST, INC. 401 PARK DRIVE, SUITE 801 BOSTON MA 02215 |
Fredette Stephen | director, officer: Co-President | TOAST, INC. 401 PARK DRIVE, SUITE 801 BOSTON MA 02215 |
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