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Samsara Luggage Quick Ratio

: 0.42 (As of Sep. 2021)
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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. Samsara Luggage's quick ratio for the quarter that ended in Sep. 2021 was 0.42.

Samsara Luggage has a quick ratio of 0.42. It indicates that the company cannot currently fully pay back its current liabilities.

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

OTCPK:SAML' s Quick Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.1   Max: 18.8
Current: 0.42

0.01
18.8

During the past 10 years, Samsara Luggage's highest Quick Ratio was 18.80. The lowest was 0.01. And the median was 0.10.

OTCPK:SAML's Quick Ratio is ranked lower than
89% of the 1075 Companies
in the Manufacturing - Apparel & Accessories industry.

( Industry Median: 1.05 vs. OTCPK:SAML: 0.42 )

Samsara Luggage Quick Ratio Historical Data

The historical data trend for Samsara Luggage'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.

Samsara Luggage Annual Data
Trend Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Dec20
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.76 5.32 0.04 - 0.05

Samsara Luggage Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.10 0.05 0.01 0.17 0.42

Competitive Comparison

For the Footwear & Accessories subindustry, Samsara Luggage'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.

   

Samsara Luggage Quick Ratio Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Samsara Luggage's Quick Ratio distribution charts can be found below:

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



Samsara Luggage 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.

Samsara Luggage's Quick Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Quick Ratio (A: Dec. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.211-0.153)/1.127
=0.05

Samsara Luggage's Quick Ratio for the quarter that ended in Sep. 2021 is calculated as

Quick Ratio (Q: Sep. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.752-0.081)/1.605
=0.42

* 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.


Samsara Luggage  (OTCPK:SAML) 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.


Samsara Luggage Quick Ratio Related Terms

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


Samsara Luggage Business Description

Samsara Luggage logo
Traded in Other Exchanges
N/A
Address
One University Plaza, Suite 505, Hackensack, NJ, USA, 07601
Samsara Luggage Inc designs manufactures and sells high-quality luggage products to meet the evolving needs of travelers. The company generates revenues through the sale and distribution of smart luggage products.
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