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. Bidstack Group's quick ratio for the quarter that ended in Jun. 2023 was 1.58.
Bidstack Group has a quick ratio of 1.58. It generally indicates good short-term financial strength.
The historical rank and industry rank for Bidstack Group's Quick Ratio or its related term are showing as below:
LSE:BIDS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.15 Med: 1.69 Max: 16.16
Current: 1.58
During the past 13 years, Bidstack Group's highest Quick Ratio was 16.16. The lowest was 0.15. And the median was 1.69.
LSE:BIDS's Quick Ratio is not ranked
in the Interactive Media industry.
Industry Median: 1.915
vs LSE:BIDS: 1.58
Bidstack Group Quick Ratio Historical Data
The historical data trend for Bidstack Group'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 Bidstack Group's Quick Ratio
For the Electronic Gaming & Multimedia subindustry, Bidstack Group'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.
Bidstack Group's Quick Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Bidstack Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bidstack Group's Quick Ratio falls into.
Bidstack Group 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.
Bidstack Group's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Bidstack Group (LSE:BIDS) 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.
Bidstack Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Bidstack Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bidstack Group PLC is a United Kingdom-based native in-game advertising company. It is engaged in developing software technology to place programmatic advertising campaigns directly into video games via SDK or API. Its technology is used by game publishers and developers, advertising agencies, and programmatic advertising platforms. Its model is to secure exclusive access to the native in-game advertising space within video games from the game developers or publishers and then to sell that advertising space either direct to specific brands or through programmatic advertising platforms. Geographically the company generates the majority of its revenue from Europe, the Middle East, and Africa (EMEA), and also has its presence in the USA.
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