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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. Alzamend Neuro's quick ratio for the quarter that ended in Jan. 2024 was 0.16.
Alzamend Neuro has a quick ratio of 0.16. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Alzamend Neuro's Quick Ratio or its related term are showing as below:
During the past 5 years, Alzamend Neuro's highest Quick Ratio was 26.61. The lowest was 0.16. And the median was 3.19.
The historical data trend for Alzamend Neuro'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.
Alzamend Neuro Annual Data | |||||||||||
Trend | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | ||||||
Quick Ratio | 1.27 | 1.83 | 3.24 | 12.37 | 2.03 |
Alzamend Neuro Quarterly Data | ||||||||||||||||||
Apr19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Quick Ratio | Get a 7-Day Free Trial | 3.19 | 2.03 | 0.88 | 0.21 | 0.16 |
For the Biotechnology subindustry, Alzamend Neuro'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 Biotechnology industry and Healthcare sector, Alzamend Neuro's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Alzamend Neuro'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.
Alzamend Neuro's Quick Ratio for the fiscal year that ended in Apr. 2023 is calculated as
Quick Ratio (A: Apr. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (5.836 | - | 0) | / | 2.87 | |
= | 2.03 |
Alzamend Neuro's Quick Ratio for the quarter that ended in Jan. 2024 is calculated as
Quick Ratio (Q: Jan. 2024 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (0.594 | - | 0) | / | 3.826 | |
= | 0.16 |
* 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.
Alzamend Neuro (NAS:ALZN) 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 Alzamend Neuro's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ault Milton C Iii | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
David J Katzoff | officer: Chief Operating Officer | 201 SHIPYARD WAY, NEWPORT BEACH CA 92663 |
Stephan Jackman | director, officer: Chief Executive Officer | C/O ALZAMEND NEURO, INC., 3802 SPECTRUM BOULEVARD, SUITE 112C, TAMPA FL 33612 |
Lynne Fahey Mcgrath | director | 28145 CEDAR POINT RD., EASTON MD 21601 |
Mark Gustafson | director | 10691 ROSECROFT CRESCENT, RICHMOND A1 V7A 2H9 |
William B. Horne | director | C/O AULT ALLIANCE, INC., 940 SOUTH COAST DRIVE, SUITE 200, COSTA MESA CA 92626 |
Henry Carl Nisser | director, officer: Exec VP and General Counsel | 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017 |
Kenneth S Cragun | officer: SVP of Finance | 3775 CHIPPEWA CIRCLE, CORONA CA 92881 |
Jeffrey Oram | director | 15 ORCHARD STREET, MENDHAM NJ 07945 |
Escalona Lien | officer: Chief Financial Officer | C/O ALZAMEND NEURO, INC., 3802 SPECTRUM BOULEVARD, SUITE 112C, TAMPA FL 33612 |
Andrew H. Woo | director | 2021 SANTA MONICA BLVD., SUITE 525E, SANTA MONICA CA 90404 |
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