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. AB International Group's quick ratio for the quarter that ended in Feb. 2024 was 0.08.
AB International Group has a quick ratio of 0.08. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for AB International Group's Quick Ratio or its related term are showing as below:
ABQQ'
s Quick Ratio Range Over the Past 10 Years
Min: 0.08 Med: 2.38 Max: 102.5
Current: 0.08
During the past 10 years, AB International Group's highest Quick Ratio was 102.50. The lowest was 0.08. And the median was 2.38.
ABQQ's Quick Ratio is ranked worse than 97.92% of 1056
companies
in the Media - Diversified industry
Industry Median: 1.45
vs ABQQ: 0.08
AB International Group Quick Ratio Historical Data
The historical data trend for AB International Group'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 AB International Group's Quick Ratio
For the Entertainment subindustry, AB International Group'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.
AB International Group's Quick Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, AB International Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where AB International Group's Quick Ratio falls into.
AB International Group 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.
AB International Group's Quick Ratio for the fiscal year that ended in Aug. 2023 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.
AB International Group (OTCPK:ABQQ) 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.
AB International Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of AB International Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AB International Group (AB International Group) Business Description
AB International Group Corp is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property, including the acquisition and distribution of movies. It is predominantly engaged in owning or leasing franchises, patents, and copyrights then in turn license others to use. The company is also engaged in other businesses such as providing Video streaming service under the brand name ABQQ.tv, Smartphone patent, NFT movie and music marketplace license business and operating AB movie theatres. The company has two reportable segments, Copyrights and license (IP) segment which generates majority of the revenue and cinema segment.
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