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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. Nuvve Holding's quick ratio for the quarter that ended in Mar. 2024 was 1.14.
Nuvve Holding has a quick ratio of 1.14. It generally indicates good short-term financial strength.
The historical rank and industry rank for Nuvve Holding's Quick Ratio or its related term are showing as below:
During the past 4 years, Nuvve Holding's highest Quick Ratio was 3.76. The lowest was 0.46. And the median was 1.72.
The historical data trend for Nuvve Holding'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.
Nuvve Holding Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Quick Ratio | 0.46 | 3.76 | 2.57 | 0.86 |
Nuvve Holding Quarterly Data | |||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Quick Ratio | Get a 7-Day Free Trial | 2.06 | 1.62 | 1.10 | 0.86 | 1.14 |
For the Specialty Retail subindustry, Nuvve Holding'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Nuvve Holding's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nuvve Holding's Quick Ratio falls into.
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.
Nuvve Holding'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 |
= | (13.043 | - | 5.889) | / | 8.318 | |
= | 0.86 |
Nuvve Holding's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as
Quick Ratio (Q: Mar. 2024 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (16.095 | - | 6.083) | / | 8.78 | |
= | 1.14 |
* 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.
Nuvve Holding (NAS:NVVE) 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.
Thank you for viewing the detailed overview of Nuvve Holding's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
David Robson | officer: Chief Financial Officer | FARMER BROS.CO., 1912 FARMER BROTHERS DR, NORTHLAKE TX 76262 |
Gregory Poilasne | director, officer: Chief Executive Officer | C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106 |
Stonepeak Gp Investors Holdings Lp | 10 percent owner | 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Stonepeak Gp Investors Upper Holdings Lp | 10 percent owner | 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Stonepeak Gp Investors Holdings Manager Llc | 10 percent owner | 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Ted C. Smith | director, officer: President & COO | C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106 |
Lande Rashida La | director | C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222 |
Stonepeak Rocket Holdings Ii Lp | 10 percent owner | 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Stonepeak Gp Investors Iv Llc | 10 percent owner | 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Stonepeak Associates Iv Llc | 10 percent owner | 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Evolve Transition Infrastructure Lp | 10 percent owner | 1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056 |
Stonepeak Rocket Holdings Lp | 10 percent owner | 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Stonepeak Rocket Upper Holdings Lp | 10 percent owner | 55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Stonepeak Gp Investors Manager Llc | 10 percent owner | 55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
Michael B. Dorrell | 10 percent owner | 55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001 |
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