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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. Sugarmade's quick ratio for the quarter that ended in Dec. 2022 was 0.05.
Sugarmade 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 Sugarmade's Quick Ratio or its related term are showing as below:
During the past 13 years, Sugarmade's highest Quick Ratio was 0.42. The lowest was 0.04. And the median was 0.09.
The historical data trend for Sugarmade'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.
Sugarmade Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 0.42 | 0.11 | 0.42 | 0.05 | 0.04 |
Sugarmade Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Jun23 | |
Quick Ratio | Get a 7-Day Free Trial | 0.12 | 0.05 | 0.07 | 0.05 | 0.04 |
For the Paper & Paper Products subindustry, Sugarmade'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 Forest Products industry and Basic Materials sector, Sugarmade's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sugarmade'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.
Sugarmade's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Quick Ratio (A: Jun. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (0.924 | - | 0.257) | / | 15.725 | |
= | 0.04 |
Sugarmade's Quick Ratio for the quarter that ended in Dec. 2022 is calculated as
Quick Ratio (Q: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (1.172 | - | 0.405) | / | 14.224 | |
= | 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.
Sugarmade (OTCPK:SGMD) 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 Sugarmade's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Khoi Dang | director | 17785 CENTER COURT DRIVE, SUITE 750, CERRITOS CA 90703 |
Chenlong Tan | director, 10 percent owner, other: Investor | 2399 BATEMAN AVE., IRWINDALE CA 91010 |
Allan James Huang | 10 percent owner, other: INVESTOR | 750 ROYAL OAKS DR., #108, MONROVIA CA 91016 |
Jimmy Chan | director, 10 percent owner, officer: CEO and Director | 167 N. SUNSET AVE., CITY OF INDUSTRY CA 91744 |
Er Wang | director | 949 S. HOPE ST., APT. 201, LOS ANGELES CA 90015 |
Waylon Huang | director | 1510 JELLICK AVE., ROWLAND HEIGHTS CA 91748 |
Kevin M Kearney | director | 2051 COFFEE LANE, SABASTOPOL CA 95472 |
Stephan Pinto | director | 3000 DANVILLE BLVD F421, ALAMO CA 94507 |
Edward Roffman | director | 2330 MARINSHIP WAY #300, SAUSALITO CA 94965 |
Sanford Salzberg | director | C/O SUGARMADE, INC., 2280 LINCOLN AVENUE, SUITE 200, SAN JOSE CA 95125 |
C James Jensen | director | C/O ASPEN GROUP, INC., 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001 |
Leung Clifton Kuok Wai | director, 10 percent owner | C/O SUGARMADE, INC., 2280 LINCOLN AVE, #200, SAN JOSE CA 95125 |
Diversified Opportunities, Inc. | 10 percent owner | 750 ROYAL OAKS DR. STE. 108, MONROVIA CA 91016 |
Jonathan Shultz | other: 10% owner until 5/9/2011 | 6440 LUSK BOULEVARD, SUITE 200, SAN DIEGO CA 92121 |
Scott Lantz | director, 10 percent owner, officer: CEO | C/O SUGARMADE, INC., 2280 LINCOLN AVE, #200, SAN JOSE CA 95125 |
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