Black Diamond Group (Black Diamond Group) Quick Ratio : 1.04 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Black Diamond Group 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. Black Diamond Group's quick ratio for the quarter that ended in Dec. 2023 was 1.04.

Black Diamond Group has a quick ratio of 1.04. It generally indicates good short-term financial strength.

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

BDIMF' s Quick Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.19 Max: 1.78
Current: 1.04

During the past 13 years, Black Diamond Group's highest Quick Ratio was 1.78. The lowest was 0.81. And the median was 1.19.

BDIMF's Quick Ratio is ranked worse than
72.78% of 1080 companies
in the Business Services industry
Industry Median: 1.54 vs BDIMF: 1.04

Black Diamond Group Quick Ratio Historical Data

The historical data trend for Black Diamond 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.

* Premium members only.

Black Diamond Group Quick Ratio Chart

Black Diamond Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

Get a 7-Day Free Trial

1.28

1.13

1.15

1.37

1.04

Black Diamond Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															1.37	1.23	1.28	1.19	1.04

Competitive Comparison of Black Diamond Group's Quick Ratio

For the Rental & Leasing Services subindustry, Black Diamond 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.

Black Diamond Group's Quick Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Black Diamond Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Black Diamond Group's Quick Ratio falls into.

Black Diamond 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.

Black Diamond Group's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(63.384	-	3.336)	/	57.793
	=	1.04

Black Diamond Group's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(63.384	-	3.336)	/	57.793
	=	1.04

Black Diamond Group (OTCPK:BDIMF) 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.

Black Diamond Group Quick Ratio Related Terms

Thank you for viewing the detailed overview of Black Diamond Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Black Diamond Group (Black Diamond Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Black Diamond Group Ltd (OTCPK:BDIMF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

8B8:Germany BDI:Canada

Address

440-2nd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 5E9

Website

https://www.blackdiamondgroup.com

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. It has two business units: Modular Space Solutions and Workforce Solutions. Modular Space Solutions provides high quality, cost effective, modular space rentals to customers. The customers operate in the construction, real estate development, education, manufacturing, health care, financial, government and defense industries. Workforce Solutions provides complete workforce housing solutions including rental of accommodations and surface equipment, provision of full turnkey lodge services and provision of travel management logistics through the Company's online digital marketplace, LodgeLink.