Cathedra Bitcoin has a quick ratio of 0.96. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Cathedra Bitcoin's Quick Ratio or its related term are showing as below:
TSXV:CBIT'
s Quick Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.93 Max: 1.58
Current: 0.96
During the past 2 years, Cathedra Bitcoin's highest Quick Ratio was 1.58. The lowest was 0.52. And the median was 0.93.
TSXV:CBIT's Quick Ratio is ranked worse than 85.37% of 663
companies
in the Capital Markets industry
Industry Median: 2.18
vs TSXV:CBIT: 0.96
Cathedra Bitcoin Quick Ratio Historical Data
The historical data trend for Cathedra Bitcoin'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 Cathedra Bitcoin's Quick Ratio
For the Capital Markets subindustry, Cathedra Bitcoin'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.
Cathedra Bitcoin's Quick Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cathedra Bitcoin's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Cathedra Bitcoin's Quick Ratio falls into.
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.
Cathedra Bitcoin's Quick Ratio for the fiscal year that ended in Dec. 2024 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.
Cathedra Bitcoin (TSXV:CBIT) 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.
Cathedra Bitcoin Quick Ratio Related Terms
Thank you for viewing the detailed overview of Cathedra Bitcoin's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cathedra Bitcoin Inc develops and operates high-density compute infrastructure across North America. The company hosts bitcoin mining clients across its portfolio of three data centers (30 MW total) in Tennessee and Kentucky. Additionally, Cathedra is a partner in a joint venture that is developing a 60-MW data center in North Dakota, which will also host Bitcoin miners. It also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. The company is focused on expanding its portfolio of data center infrastructure for high-density computing applications, including bitcoin mining and artificial intelligence.
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