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Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Quick Ratio

: 0.03 (As of Feb. 2023)
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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. Simplicity Esports and Gaming Co's quick ratio for the quarter that ended in Feb. 2023 was 0.03.

Simplicity Esports and Gaming Co has a quick ratio of 0.03. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Simplicity Esports and Gaming Co's Quick Ratio or its related term are showing as below:

WINR's Quick Ratio is not ranked *
in the Interactive Media industry.
Industry Median: 1.925
* Ranked among companies with meaningful Quick Ratio only.

Simplicity Esports and Gaming Co Quick Ratio Historical Data

The historical data trend for Simplicity Esports and Gaming Co'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.

Simplicity Esports and Gaming Co Annual Data
Trend May17 May18 May19 May20 May21 May22
Quick Ratio
Get a 7-Day Free Trial 1.88 0.85 0.10 0.15 0.08

Simplicity Esports and Gaming Co Quarterly Data
May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
Quick Ratio Get a 7-Day Free Trial 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 0.24 0.08 0.08 0.03 0.03

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Simplicity Esports and Gaming Co'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.


Simplicity Esports and Gaming Co Quick Ratio Distribution

For the Interactive Media industry and Communication Services sector, Simplicity Esports and Gaming Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Simplicity Esports and Gaming Co's Quick Ratio falls into.



Simplicity Esports and Gaming Co 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.

Simplicity Esports and Gaming Co's Quick Ratio for the fiscal year that ended in May. 2022 is calculated as

Quick Ratio (A: May. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.507-0.115)/4.813
=0.08

Simplicity Esports and Gaming Co's Quick Ratio for the quarter that ended in Feb. 2023 is calculated as

Quick Ratio (Q: Feb. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.254-0)/9.448
=0.03

* 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.


Simplicity Esports and Gaming Co  (OTCPK:WINR) 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.


Simplicity Esports and Gaming Co Quick Ratio Related Terms

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Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Business Description

Traded in Other Exchanges
N/A
Address
7000 W. Palmetto Park Road, Suite 505, Boca Raton, FL, USA, 33433
Simplicity Esports and Gaming Co is a North American esports organization managing esports teams domestically and internationally. The company through its subsidiaries owns and manages professional esports teams competing in games such as Overwatch, Apex Legends, PUBG, and more. The company owns Corporate and Franchised Gaming Centers. The company reports in Four segments namely Franchise royalties and fees, which is the key revenue generator; Company-owned stores; Esports revenue; and Franchise deposit revenue.
Executives
Beatrice Tarka director 800 WEST EL CAMINO REAL, SUITE 275, MOUNTAIN VIEW CA 94040
Roman Nehemiah Franklin director, officer: President 1345 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK NY 10105
Herrmann William H Jr director PO BOX 6, BRYN ATHYN PA 19009
Jed Philip Kaplan director, officer: CEO and Interim CFO C/O SIMPLICITY ESPORTS AND GAMING CO., 7000 W PALMETTO PARK ROAD SUITE 210, BOCA RATON FL 33433
Edward L Jaroski director 5847 SAN FELIPE, SUITE 4100, HOUSTON TX 77057
Nancy L. Hennessey officer: Chief Financial Officer 7000, W. PALMETTO PARK RD, SUITE 505, BOCA RATON FL 33433
Laila Cavalcanti Loss director 7000W PALMETTO PARK RD, SUITE 505, BOCA RATON FL 33433
Lau Knicks officer: Chief Financial Officer 1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
K2 Principal Fund, L.p. 10 percent owner 2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 Genpar 2017 Inc. 10 percent owner 2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Steven Michael Grossman officer: President of Subsidiary C/O SIMPLICITY ESPORTS AND GAMING CO., 7000 W PALMETTO PARK ROAD SUITE 210, BOCA RATON FL 33433
Donald R Caldwell director 5 RADNOR CORP CENTER STE 555, RADNOR PA 19087
Max Wayne Hooper director 1345 AVE OF THE AMERICAS 2ND FL, NEW YORK NY 10105
Frank Leavy director 1345 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK NY 10105

Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Headlines

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