AILE (iLearningEngines) Quick Ratio : 3.40 (As of Jun. 2024)

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What is iLearningEngines Quick Ratio?

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. iLearningEngines's quick ratio for the quarter that ended in Jun. 2024 was 3.40.

iLearningEngines has a quick ratio of 3.40. It generally indicates good short-term financial strength.

The historical rank and industry rank for iLearningEngines's Quick Ratio or its related term are showing as below:

AILE' s Quick Ratio Range Over the Past 10 Years
Min: 2.88 Med: 3.17 Max: 4.57
Current: 3.4

During the past 3 years, iLearningEngines's highest Quick Ratio was 4.57. The lowest was 2.88. And the median was 3.17.

AILE's Quick Ratio is ranked better than
79.04% of 2825 companies
in the Software industry
Industry Median: 1.64 vs AILE: 3.40

iLearningEngines Quick Ratio Historical Data

The historical data trend for iLearningEngines'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.

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iLearningEngines Quick Ratio Chart

iLearningEngines Annual Data

Trend

Dec20

Dec21

Dec22

Quick Ratio

4.57

2.94

iLearningEngines Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Jun24
Quick Ratio	Get a 7-Day Free Trial			4.57	-	2.94	2.88	3.40

Competitive Comparison of iLearningEngines's Quick Ratio

For the Software - Infrastructure subindustry, iLearningEngines'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.

iLearningEngines's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, iLearningEngines's Quick Ratio distribution charts can be found below:

* The bar in red indicates where iLearningEngines's Quick Ratio falls into.

iLearningEngines 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.

iLearningEngines's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(45.05	-	0)	/	15.341
	=	2.94

iLearningEngines's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(130.782	-	0)	/	38.473
	=	3.40

iLearningEngines (NAS:AILE) 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.

iLearningEngines Quick Ratio Related Terms

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iLearningEngines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iLearningEngines Inc (NAS:AILE) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

6701 Democracy Boulevard, Suite 300, Bethesda, MD, USA, 20817

Website

https://www.ilearningengines.com

iLearningEngines Inc is an AI and automation platform that empowers its customers to productize their institutional knowledge by transforming it into actionable intellectual property that enhances outcomes for employees, customers and other stakeholders. Its platform enables enterprises to build intelligent Knowledge Clouds that incorporate large volumes of structured and unstructured information across disparate internal and external systems and to automate organizational processes that leverage these Knowledge Clouds to improve performance. The company combines its offerings with vertically focused capabilities and data models to operationalize AI and automation to effectively and efficiently address critical challenges facing its customers.