GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naples Soap Co Inc (OTCPK:NASO) » Definitions » Quick Ratio

Naples Soap Co (Naples Soap Co) Quick Ratio : 0.12 (As of Jun. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Naples Soap 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. Naples Soap Co's quick ratio for the quarter that ended in Jun. 2023 was 0.12.

Naples Soap Co has a quick ratio of 0.12. It indicates that the company cannot currently fully pay back its current liabilities.

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

NASO' s Quick Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.12   Max: 0.12
Current: 0.12

During the past 0 years, Naples Soap Co's highest Quick Ratio was 0.12. The lowest was 0.12. And the median was 0.12.

NASO's Quick Ratio is ranked worse than
97.28% of 1912 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs NASO: 0.12

Naples Soap Co Quick Ratio Historical Data

The historical data trend for Naples Soap 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.

* Premium members only.

Naples Soap Co Quick Ratio Chart

Naples Soap Co Annual Data
Trend
Quick Ratio

Naples Soap Co Semi-Annual Data
Jun22 Jun23
Quick Ratio - 0.12

Competitive Comparison of Naples Soap Co's Quick Ratio

For the Household & Personal Products subindustry, Naples Soap 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.


Naples Soap Co's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Naples Soap Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Naples Soap Co's Quick Ratio falls into.



Naples Soap 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.

Naples Soap Co's Quick Ratio for the fiscal year that ended in . 20 is calculated as

Naples Soap Co's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.123-0.728)/3.174
=0.12

* 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.


Naples Soap Co  (OTCPK:NASO) 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.


Naples Soap Co Quick Ratio Related Terms

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


Naples Soap Co (Naples Soap Co) Business Description

Traded in Other Exchanges
N/A
Address
14601 Jetport Loop, Suite 180, Fort Myers, FL, USA, 33913
Naples Soap Co Inc is a health and wellness brand that offers personal care products including soap, hair, face, and skincare products through its own brick and mortar retail stores and website, national and boutique re-sellers, and online marketplaces including Amazon and Faire.

Naples Soap Co (Naples Soap Co) Headlines

No Headlines