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Quality Online Education Group (Quality Online Education Group) Quick Ratio : 0.05 (As of May. 2023)


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What is Quality Online Education 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. Quality Online Education Group's quick ratio for the quarter that ended in May. 2023 was 0.05.

Quality Online Education Group has a quick ratio of 0.05. It indicates that the company cannot currently fully pay back its current liabilities.

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

QOEG' s Quick Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.51   Max: 1.36
Current: 0.05

During the past 10 years, Quality Online Education Group's highest Quick Ratio was 1.36. The lowest was 0.05. And the median was 0.51.

QOEG's Quick Ratio is not ranked
in the Education industry.
Industry Median: 1.26 vs QOEG: 0.05

Quality Online Education Group Quick Ratio Historical Data

The historical data trend for Quality Online Education 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.

Quality Online Education Group Quick Ratio Chart

Quality Online Education Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Aug13 Aug14 Aug21 Aug22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.06 1.10 0.14 0.12

Quality Online Education Group Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.12 0.05 0.05 0.05

Competitive Comparison of Quality Online Education Group's Quick Ratio

For the Education & Training Services subindustry, Quality Online Education 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.


Quality Online Education Group's Quick Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Quality Online Education Group's Quick Ratio falls into.



Quality Online Education 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.

Quality Online Education Group's Quick Ratio for the fiscal year that ended in Aug. 2022 is calculated as

Quick Ratio (A: Aug. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.221-0)/1.874
=0.12

Quality Online Education Group's Quick Ratio for the quarter that ended in May. 2023 is calculated as

Quick Ratio (Q: May. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.253-0)/5.282
=0.05

* 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.


Quality Online Education Group  (OTCPK:QOEG) 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.


Quality Online Education Group Quick Ratio Related Terms

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Quality Online Education Group (Quality Online Education Group) Business Description

Traded in Other Exchanges
N/A
Address
55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9
Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.
Executives
Amanda Anderson director UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek director 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso director, officer: Chief Operating Officer UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong 10 percent owner UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li director, officer: Chairman, CEO, CFO and Sec. UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong 10 percent owner UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang director UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR

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