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. Gaming Realms's quick ratio for the quarter that ended in Dec. 2023 was 3.64.
Gaming Realms has a quick ratio of 3.64. It generally indicates good short-term financial strength.
The historical rank and industry rank for Gaming Realms's Quick Ratio or its related term are showing as below:
LSE:GMR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.59 Med: 2.08 Max: 3.64
Current: 3.64
During the past 13 years, Gaming Realms's highest Quick Ratio was 3.64. The lowest was 0.59. And the median was 2.08.
LSE:GMR's Quick Ratio is ranked better than 90.54% of 835
companies
in the Travel & Leisure industry
Industry Median: 1.1
vs LSE:GMR: 3.64
Gaming Realms Quick Ratio Historical Data
The historical data trend for Gaming Realms'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 Gaming Realms's Quick Ratio
For the Gambling subindustry, Gaming Realms'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.
Gaming Realms's Quick Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Gaming Realms's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Gaming Realms's Quick Ratio falls into.
Gaming Realms 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.
Gaming Realms'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.
Gaming Realms (LSE:GMR) 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.
Gaming Realms Quick Ratio Related Terms
Thank you for viewing the detailed overview of Gaming Realms's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gaming Realms PLC is a gaming company. It develops, publishes and licenses next-generation mobile gaming content. The company creates and publishes real money and social games for mobile, with operations in the UK, the U.S and Canada. The group has two continuing reportable operating segments Licensing - brand and content licensing to partners in Europe and the U.S, and Social Publishing - providing freemium games to the U.S and Europe. The company's geographical segment includes the UK, including Channel Islands, the U.S and Rest of the world. It generates the majority of its revenue from Social Publishing segment.
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