StreaksAI (LSE:STK) Quick Ratio : 12.49 (As of Aug. 2023)

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What is StreaksAI Quick Ratio?

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. StreaksAI's quick ratio for the quarter that ended in Aug. 2023 was 12.49.

StreaksAI has a quick ratio of 12.49. It generally indicates good short-term financial strength.

The historical rank and industry rank for StreaksAI's Quick Ratio or its related term are showing as below:

LSE:STK' s Quick Ratio Range Over the Past 10 Years
Min: 0.73 Med: 6 Max: 12.49
Current: 12.49

During the past 2 years, StreaksAI's highest Quick Ratio was 12.49. The lowest was 0.73. And the median was 6.00.

LSE:STK's Quick Ratio is ranked better than
95.63% of 595 companies
in the Interactive Media industry
Industry Median: 1.91 vs LSE:STK: 12.49

StreaksAI Quick Ratio Historical Data

The historical data trend for StreaksAI'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.

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StreaksAI Quick Ratio Chart

StreaksAI Annual Data

Trend

Feb22

Feb23

Quick Ratio

0.73

7.13

StreaksAI Semi-Annual Data
	Feb22	Aug22	Feb23	Aug23
Quick Ratio	0.73	4.87	7.13	12.49

Competitive Comparison of StreaksAI's Quick Ratio

For the Electronic Gaming & Multimedia subindustry, StreaksAI'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.

StreaksAI's Quick Ratio Distribution in the Interactive Media Industry

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

* The bar in red indicates where StreaksAI's Quick Ratio falls into.

StreaksAI 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.

StreaksAI's Quick Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Quick Ratio (A: Feb. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(2.267	-	0)	/	0.318
	=	7.13

StreaksAI's Quick Ratio for the quarter that ended in Aug. 2023 is calculated as

Quick Ratio (Q: Aug. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1.112	-	0)	/	0.089
	=	12.49

StreaksAI (LSE:STK) 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.

StreaksAI Quick Ratio Related Terms

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