Guardforce AI Co (Guardforce AI Co) Quick Ratio : 2.18 (As of Dec. 2023)

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What is Guardforce AI Co 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. Guardforce AI Co's quick ratio for the quarter that ended in Dec. 2023 was 2.18.

Guardforce AI Co has a quick ratio of 2.18. It generally indicates good short-term financial strength.

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

GFAI' s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 1.56 Max: 2.18
Current: 2.18

During the past 5 years, Guardforce AI Co's highest Quick Ratio was 2.18. The lowest was 0.50. And the median was 1.56.

GFAI's Quick Ratio is ranked better than
66.48% of 1077 companies
in the Business Services industry
Industry Median: 1.55 vs GFAI: 2.18

Guardforce AI Co Quick Ratio Historical Data

The historical data trend for Guardforce AI Co'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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Guardforce AI Co Quick Ratio Chart

Guardforce AI Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

0.50

2.03

0.91

1.56

2.18

Guardforce AI Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial				0.91	0.76	1.56	2.34	2.18

Competitive Comparison of Guardforce AI Co's Quick Ratio

For the Security & Protection Services subindustry, Guardforce AI Co'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.

Guardforce AI Co's Quick Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Guardforce AI Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Guardforce AI Co's Quick Ratio falls into.

Guardforce AI Co 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.

Guardforce AI Co'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
	=	(31.121	-	0.65)	/	14.007
	=	2.18

Guardforce AI Co'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
	=	(31.121	-	0.65)	/	14.007
	=	2.18

Guardforce AI Co (NAS:GFAI) 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.

Guardforce AI Co Quick Ratio Related Terms

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Guardforce AI Co (Guardforce AI Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guardforce AI Co Ltd (NAS:GFAI) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Anson Road, No. 28-01, International Plaza, Singapore, SGP, 079903

Website

https://www.guardforceai.com

Guardforce AI Co Ltd is a provider of cash solutions and cash handling services located in Thailand. The company engages in the cash logistics business, and its services include cash-in-transit, or CIT, dedicated vehicles to banks, ATM management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions (cash deposit management and express cash service). Its customers include local commercial banks, chain retailers, coin-manufacturing mints, and government authorities.