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. Society Pass's quick ratio for the quarter that ended in Dec. 2023 was 0.73.
Society Pass has a quick ratio of 0.73. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Society Pass's Quick Ratio or its related term are showing as below:
SOPA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.73 Max: 12.05
Current: 0.73
During the past 5 years, Society Pass's highest Quick Ratio was 12.05. The lowest was 0.19. And the median was 0.73.
SOPA's Quick Ratio is ranked worse than 85.03% of 2826
companies
in the Software industry
Industry Median: 1.66
vs SOPA: 0.73
Society Pass Quick Ratio Historical Data
The historical data trend for Society Pass'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 Society Pass's Quick Ratio
For the Software - Application subindustry, Society Pass'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.
Society Pass's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Society Pass's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Society Pass's Quick Ratio falls into.
Society Pass 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.
Society Pass'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.
Society Pass (NAS:SOPA) 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.
Society Pass Quick Ratio Related Terms
Thank you for viewing the detailed overview of Society Pass's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in six reportable operating segments: Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.
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