Brilliant Earth Group (Brilliant Earth Group) Quick Ratio : 2.17 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Brilliant Earth 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. Brilliant Earth Group's quick ratio for the quarter that ended in Dec. 2023 was 2.17.

Brilliant Earth Group has a quick ratio of 2.17. It generally indicates good short-term financial strength.

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

BRLT' s Quick Ratio Range Over the Past 10 Years
Min: 1.34 Med: 1.95 Max: 2.24
Current: 2.17

During the past 5 years, Brilliant Earth Group's highest Quick Ratio was 2.24. The lowest was 1.34. And the median was 1.95.

BRLT's Quick Ratio is ranked better than
84.65% of 1114 companies
in the Retail - Cyclical industry
Industry Median: 0.87 vs BRLT: 2.17

Brilliant Earth Group Quick Ratio Historical Data

The historical data trend for Brilliant Earth 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.

* Premium members only.

Brilliant Earth Group Quick Ratio Chart

Brilliant Earth Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

1.34

1.79

1.95

2.24

2.17

Brilliant Earth Group Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial											2.24	2.30	2.17	2.24	2.17

Competitive Comparison of Brilliant Earth Group's Quick Ratio

For the Luxury Goods subindustry, Brilliant Earth 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.

Brilliant Earth Group's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Brilliant Earth Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Brilliant Earth Group's Quick Ratio falls into.

Brilliant Earth 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.

Brilliant Earth Group's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(204.856	-	37.788)	/	76.947
	=	2.17

Brilliant Earth 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
	=	(204.856	-	37.788)	/	76.947
	=	2.17

Brilliant Earth Group (NAS:BRLT) 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.

Brilliant Earth Group Quick Ratio Related Terms

Thank you for viewing the detailed overview of Brilliant Earth Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Brilliant Earth Group (Brilliant Earth Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Brilliant Earth Group Inc (NAS:BRLT) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Grant Avenue, Third Floor, San Francisco, CA, USA, 94108

Website

https://www.brilliantearth.com

Brilliant Earth Group Inc designs, procures and sells ethically-sourced diamonds, gemstones and jewelry online and through showrooms. Its sales consist of revenue from diamond, gemstone, and jewelry retail sales. The company sells its products in the U.S. and other international countries, of which a majority of revenue is derived from the U.S.

Executives

Mainsail Gp Iii, Llc	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Gavin Turner	director, 10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Jeffrey Chuenhong Kuo	officer: Chief Financial Officer	C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108
Jennifer Noel Harris	director	13785 RESEARCH BLVD., SUITE 150, AUSTIN TX 78750
Ian Bickley	director	516 WEST 34TH STREET, NEW YORK NY 10001
Beth Tanara Gerstein	director, 10 percent owner, officer: Chief Executive Officer	C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108
Eric Scott Grossberg	director, 10 percent owner, officer: Executive Chairman	C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108
Just Rocks, Inc.	10 percent owner	300 GRANT AVENUE, THIRD FLOOR, SAN FRANCISCO CA 94108
Attica Jaques	director	MISSION ADVANCEMENT CORP., 2525 E CAMELBACK RD, STE 850, PHOENIX AZ 85016
Beth J Kaplan	director	1716 LOCUST STREET, DES MOINES IA 50309
Mainsail Partners Iii, L.p.	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Mainsail Co-investors Iii, L.p.	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Mainsail Incentive Program, Llc	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Mainsail Management Company, Llc	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701