Mirriad Advertising (Mirriad Advertising) Quick Ratio

Array ( [0] => - [1] => - [2] => - [3] => 9.93 [4] => 11.91 [5] => 15.96 [6] => 8.91 [7] => 4.08 )

Mirriad Advertising Annual Data
	Trend	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Quick Ratio					9.93	11.91	15.96	8.91	4.08

Mirriad Advertising Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Quick Ratio										12.72	8.91	7.29	4.08	5.23

For the Advertising Agencies subindustry, Mirriad Advertising'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 Media - Diversified industry and Communication Services sector, Mirriad Advertising's Quick Ratio distribution charts can be found below:

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

Mirriad Advertising 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.

Mirriad Advertising's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Mirriad Advertising's Quick Ratio for the quarter that ended in Jun. 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.

Mirriad Advertising  (OTCPK:MMDDF) 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.

Mirriad Advertising Quick Ratio Related Terms

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Mirriad Advertising (Mirriad Advertising) Business Description