Equity Story Group (ASX:EQS) Quick Ratio : 1.69 (As of Dec. 2023)

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What is Equity Story Group 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. Equity Story Group's quick ratio for the quarter that ended in Dec. 2023 was 1.69.

Equity Story Group has a quick ratio of 1.69. It generally indicates good short-term financial strength.

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

ASX:EQS' s Quick Ratio Range Over the Past 10 Years
Min: 1.29 Med: 2.03 Max: 5.04
Current: 1.69

During the past 3 years, Equity Story Group's highest Quick Ratio was 5.04. The lowest was 1.29. And the median was 2.03.

ASX:EQS's Quick Ratio is ranked worse than
57.96% of 666 companies
in the Capital Markets industry
Industry Median: 2.045 vs ASX:EQS: 1.69

Equity Story Group Quick Ratio Historical Data

The historical data trend for Equity Story 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.

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Equity Story Group Quick Ratio Chart

Equity Story Group Annual Data

Trend

Jun21

Jun22

Jun23

Quick Ratio

31.50

5.04

1.29

Equity Story Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Quick Ratio	5.04	2.36	1.29	1.69

Competitive Comparison of Equity Story Group's Quick Ratio

For the Capital Markets subindustry, Equity Story 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.

Equity Story Group's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Equity Story Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Equity Story Group's Quick Ratio falls into.

Equity Story 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.

Equity Story Group's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1.279	-	0)	/	0.995
	=	1.29

Equity Story Group's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1.57	-	0)	/	0.929
	=	1.69

Equity Story Group (ASX:EQS) 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.

Equity Story Group Quick Ratio Related Terms

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