MiMedia Holdings has a quick ratio of 1.92. It generally indicates good short-term financial strength.
The historical rank and industry rank for MiMedia Holdings's Quick Ratio or its related term are showing as below:
TSXV:MIM'
s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 1.51 Max: 1.92
Current: 1.92
During the past 4 years, MiMedia Holdings's highest Quick Ratio was 1.92. The lowest was 0.01. And the median was 1.51.
TSXV:MIM's Quick Ratio is ranked better than 57.37% of 2834
companies
in the Software industry
Industry Median: 1.635
vs TSXV:MIM: 1.92
MiMedia Holdings Quick Ratio Historical Data
The historical data trend for MiMedia Holdings'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 MiMedia Holdings's Quick Ratio
For the Software - Infrastructure subindustry, MiMedia Holdings'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.
MiMedia Holdings's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, MiMedia Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where MiMedia Holdings's Quick Ratio falls into.
MiMedia Holdings 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.
MiMedia Holdings's Quick Ratio for the fiscal year that ended in Dec. 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.
MiMedia Holdings (TSXV:MIM) 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.
MiMedia Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of MiMedia Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
MiMedia Holdings Inc provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.
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