Lesaka Technologies has a quick ratio of 1.36. It generally indicates good short-term financial strength.
The historical rank and industry rank for Lesaka Technologies's Quick Ratio or its related term are showing as below:
LSAK'
s Quick Ratio Range Over the Past 10 Years
Min: 1.12 Med: 1.34 Max: 6.05
Current: 1.36
During the past 13 years, Lesaka Technologies's highest Quick Ratio was 6.05. The lowest was 1.12. And the median was 1.34.
LSAK's Quick Ratio is ranked worse than 59.07% of 2829
companies
in the Software industry
Industry Median: 1.64
vs LSAK: 1.36
Lesaka Technologies Quick Ratio Historical Data
The historical data trend for Lesaka Technologies'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 Lesaka Technologies's Quick Ratio
For the Software - Infrastructure subindustry, Lesaka Technologies'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.
Lesaka Technologies's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Lesaka Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Lesaka Technologies's Quick Ratio falls into.
Lesaka Technologies 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.
Lesaka Technologies's Quick Ratio for the fiscal year that ended in Jun. 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.
Lesaka Technologies (NAS:LSAK) 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.
Lesaka Technologies Quick Ratio Related Terms
Thank you for viewing the detailed overview of Lesaka Technologies's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lesaka Technologies (Lesaka Technologies) Business Description
Lesaka Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates two reportable segments: Merchant and Consumer. The company operates mainly within South Africa. The Merchant segment that derives majority revenue includes activities related to the provision of goods and services provided to corporate and other juristic entities. It earns fees from processing activities performed for its customers and revenue generated from the distribution of prepaid airtime. The Consumer segment includes activities related to the provision of financial services to customers, including bank accounts, loans, and insurance products. The firm charges monthly administration fees for all bank accounts.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LSAK has been successfully added to your 