ALFI (ALFWQ) Quick Ratio : 0.28 (As of Jun. 2022)

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What is ALFI Quick Ratio?

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. ALFI's quick ratio for the quarter that ended in Jun. 2022 was 0.28.

ALFI has a quick ratio of 0.28. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for ALFI's Quick Ratio or its related term are showing as below:

ALFWQ' s Quick Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.35 Max: 22.51
Current: 0.28

During the past 3 years, ALFI's highest Quick Ratio was 22.51. The lowest was 0.02. And the median was 0.35.

ALFWQ's Quick Ratio is not ranked
in the Software industry.
Industry Median: 1.68 vs ALFWQ: 0.28

ALFI Quick Ratio Historical Data

The historical data trend for ALFI'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.

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ALFI Quick Ratio Chart

ALFI Annual Data

Trend

Dec19

Dec20

Dec21

Quick Ratio

0.18

2.25

ALFI Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Quick Ratio	Get a 7-Day Free Trial						22.51	9.86	2.25	0.35	0.28

Competitive Comparison of ALFI's Quick Ratio

For the Software - Infrastructure subindustry, ALFI'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.

ALFI's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, ALFI's Quick Ratio distribution charts can be found below:

* The bar in red indicates where ALFI's Quick Ratio falls into.

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ALFI 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.

ALFI'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
	=	(5.324	-	0)	/	2.363
	=	2.25

ALFI'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
	=	(1.478	-	0)	/	5.202
	=	0.28

ALFI (OTCPK:ALFWQ) 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.

ALFI Quick Ratio Related Terms

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ALFI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ALFI Inc (OTCPK:ALFWQ) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

429 Lenox Avenue, Suite 547, Miami Beach, FL, USA, 33139

Website

https://www.getalfi.com

ALFI Inc is an Artificial Intelligence enterprise SaaS platform powering computer vision with machine learning models, and deep learning to deliver the right content in an ethical manner. It provides solutions that bring transparency and accountability to the digital out-of-home advertising marketplace. It uses artificial intelligence and big data analytics to measure and predict human response. Its computer vision technology is powered by proprietary artificial intelligence, to determine the age, gender, ethnicity, geolocation, and emotion of someone in front of an Alfi-enabled device, such as a tablet or kiosk.