Cannabis Suisse (Cannabis Suisse) Quick Ratio : 0.00 (As of Feb. 2024)

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What is Cannabis Suisse 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. Cannabis Suisse's quick ratio for the quarter that ended in Feb. 2024 was 0.00.

Cannabis Suisse has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

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

During the past 8 years, Cannabis Suisse's highest Quick Ratio was 1.22. The lowest was 0.01. And the median was 0.15.

CSUI's Quick Ratio is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 1.32
* Ranked among companies with meaningful Quick Ratio only.

Cannabis Suisse Quick Ratio Historical Data

The historical data trend for Cannabis Suisse'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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Cannabis Suisse Quick Ratio Chart

Cannabis Suisse Annual Data

Trend

May16

May17

May18

May19

May20

May21

May22

May23

Quick Ratio

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0.32

0.14

0.01

Cannabis Suisse Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Quick Ratio	Get a 7-Day Free Trial															0.02	0.01	0.01	0.02	-

Competitive Comparison of Cannabis Suisse's Quick Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Suisse'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.

Cannabis Suisse's Quick Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cannabis Suisse's Quick Ratio distribution charts can be found below:

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

Cannabis Suisse 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.

Cannabis Suisse's Quick Ratio for the fiscal year that ended in May. 2023 is calculated as

Quick Ratio (A: May. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.005	-	0)	/	0.334
	=	0.01

Cannabis Suisse's Quick Ratio for the quarter that ended in Feb. 2024 is calculated as

Quick Ratio (Q: Feb. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0	-	0)	/	0.41
	=	0.00

Cannabis Suisse (OTCPK:CSUI) 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.

Cannabis Suisse Quick Ratio Related Terms

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