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. PlantX Life's quick ratio for the quarter that ended in Dec. 2023 was 0.06.
PlantX Life has a quick ratio of 0.06. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for PlantX Life's Quick Ratio or its related term are showing as below:
PLTXF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.39 Max: 10.22
Current: 0.06
During the past 5 years, PlantX Life's highest Quick Ratio was 10.22. The lowest was 0.06. And the median was 0.39.
PLTXF's Quick Ratio is ranked worse than 99.02% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 0.865
vs PLTXF: 0.06
PlantX Life Quick Ratio Historical Data
The historical data trend for PlantX Life'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 PlantX Life's Quick Ratio
For the Internet Retail subindustry, PlantX Life'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.
PlantX Life's Quick Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PlantX Life's Quick Ratio distribution charts can be found below:
* The bar in red indicates where PlantX Life's Quick Ratio falls into.
PlantX Life 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.
PlantX Life's Quick Ratio for the fiscal year that ended in Mar. 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.
PlantX Life (OTCPK:PLTXF) 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.
PlantX Life Quick Ratio Related Terms
Thank you for viewing the detailed overview of PlantX Life's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PlantX Life Inc is a digital-based, one-stop-shop, and distribution company with a fast-growing database with a plan to offer customers across North America. The company's operating segment includes Vegaste, PlantX Living Inc, Bloombox, Score (Squamish), Israel, Little West, Plant-Based Deli, New Deli, PlantX UK, PlantX Nevada, EH Coffee, Portfolio Coffee, and PlantX Midwest. The company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands. It has a presence in the United States, United Kingdom, Canada, Israel, and Germany.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PLTXF has been successfully added to your 