Maison Solutions has a quick ratio of 1.76. It generally indicates good short-term financial strength.
The historical rank and industry rank for Maison Solutions's Quick Ratio or its related term are showing as below:
MSS'
s Quick Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.63 Max: 1.76
Current: 1.76
During the past 3 years, Maison Solutions's highest Quick Ratio was 1.76. The lowest was 0.38. And the median was 0.63.
MSS's Quick Ratio is ranked better than 79.37% of 315
companies
in the Retail - Defensive industry
Industry Median: 0.88
vs MSS: 1.76
Maison Solutions Quick Ratio Historical Data
The historical data trend for Maison Solutions'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.
Competitive Comparison of Maison Solutions's Quick Ratio
For the Grocery Stores subindustry, Maison Solutions'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.
Maison Solutions's Quick Ratio Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Maison Solutions's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Maison Solutions's Quick Ratio falls into.
Maison Solutions 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.
Maison Solutions's Quick Ratio for the fiscal year that ended in Apr. 2023 is calculated as
* 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.
Maison Solutions (NAS:MSS) 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.
Maison Solutions Quick Ratio Related Terms
Thank you for viewing the detailed overview of Maison Solutions's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Maison Solutions (Maison Solutions) Business Description
Maison Solutions Inc is a fast-growing, specialty grocery retailer offering traditional Asian food and merchandise to modern U.S. consumers, in particular to the members of Asian-American communities. It is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse communities in which it operates. The company's merchandise includes fresh and unique produce, meats, seafood and other groceries that are not found in mainstream supermarkets, including a variety of Asian vegetables and fruits such as broccoli, bitter melon, winter gourd, Shanghai baby bok choy, longan and lychee.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MSS has been successfully added to your 