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. Quantum Energy's quick ratio for the quarter that ended in Sep. 2023 was 0.00.
Quantum Energy has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Quantum Energy's Quick Ratio or its related term are showing as below:
During the past 8 years, Quantum Energy's highest Quick Ratio was 22.50. The lowest was 0.01. And the median was 0.02.
FLCX's Quick Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.54 * Ranked among companies with meaningful Quick Ratio only.
Quantum Energy Quick Ratio Historical Data
The historical data trend for Quantum Energy'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 Quantum Energy's Quick Ratio
For the Consulting Services subindustry, Quantum Energy'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.
Quantum Energy's Quick Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Quantum Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Quantum Energy's Quick Ratio falls into.
Quantum Energy 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.
Quantum Energy's Quick Ratio for the fiscal year that ended in Feb. 2022 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.
Quantum Energy (OTCPK:FLCX) 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.
Quantum Energy Quick Ratio Related Terms
Thank you for viewing the detailed overview of Quantum Energy's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Quantum Energy (Quantum Energy) Business Description
FlooidCX Corp acts as an online complaint resolution platform for consumers and businesses. The company offers unified communications and collaboration in online CRM solutions - GripeVine and Resolution1. It offers a proprietary complaint-resolution platform for the facilitation and management of social customer service via centralized communication, rating, and review tools. The tools offered to reward reliable consumers and responsive businesses. Its platform includes the handling of ratings, reviews, complaint resolution statuses while offering data collection features such as scoring, polling, comments, voting, and credibility points.
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