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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. Zovio's quick ratio for the quarter that ended in Sep. 2022 was 0.43.
Zovio has a quick ratio of 0.43. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Zovio's Quick Ratio or its related term are showing as below:
The historical data trend for Zovio'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.
Zovio Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.79 | 1.83 | 1.22 | 1.09 | 0.69 |
Zovio Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Quick Ratio | Get a 7-Day Free Trial | 0.94 | 0.69 | 0.64 | 0.95 | 0.43 |
For the Education & Training Services subindustry, Zovio'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 Education industry and Consumer Defensive sector, Zovio's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Zovio'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.
Zovio's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Quick Ratio (A: Dec. 2021 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (61.581 | - | 0) | / | 89.708 | |
= | 0.69 |
Zovio's Quick Ratio for the quarter that ended in Sep. 2022 is calculated as
Quick Ratio (Q: Sep. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (14.906 | - | 0) | / | 34.555 | |
= | 0.43 |
* 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.
Zovio (OTCPK:ZVOI) 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.
Thank you for viewing the detailed overview of Zovio's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Randy J Hendricks | director, officer: Chief Executive Officer | C/O ZOVIO INC, 1811 EAST NORTHROP BLVD, CHANDLER AZ 85286 |
Wilson John Silvanus Jr. | director | C/O ZOVIO INC, 1811 EAST NORTHROP BOULEVARD, CHANDLER AZ 85286 |
Ron Huberman | director | 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169 |
George P. Pernsteiner | director | C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123 |
John Kiely | director | C/O ZOVIO INC, 1811 E NORTHROP BLVD, CHANDLER AZ 85286 |
Ryan Craig | director | C/O BPE 13500 EVENING CREEK DRIVE NORTH, SUITE 600, SAN DIEGO CA 92128 |
Steve Burkholder | officer: VP, Chief Accounting Officer | C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123 |
Michael P Cole | director | 1165 NORTH CLARK STREET, 4TH FLOOR, CHICAGO IL 60610 |
Andrew S. Clark | director, officer: CEO and President | C/O BPE 13500 EVENING CREEK DRIVE NORTH, SUITE 600, SAN DIEGO CA 92128 |
Umang Jain | officer: SVP, Chief Technology Officer | C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123 |
Robert D Hartman | director | 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027 |
John Semel | officer: Chief Strategy Officer | JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030 |
Gregory K. Finkelstein | officer: Chief Operating Officer | C/O BRIDGEPOINT EDUCATION, INC., 8620 SPECTRUM CENTER BLVD., SAN DIEGO CA 92123 |
Kirsten Marriner | director | 900 OMNICARE CENTER, 201 E. 4TH STREET, CINCINNATI OH 45202 |
Teresa Carroll | director | 999 WEST BIG BEAVER ROAD, TROY MI 48084 |
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