HeartCore Enterprises has a quick ratio of 0.84. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for HeartCore Enterprises's Quick Ratio or its related term are showing as below:
HTCR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.54 Med: 1.01 Max: 2.34
Current: 0.84
During the past 5 years, HeartCore Enterprises's highest Quick Ratio was 2.34. The lowest was 0.54. And the median was 1.01.
HTCR's Quick Ratio is ranked worse than 81.64% of 2833
companies
in the Software industry
Industry Median: 1.64
vs HTCR: 0.84
HeartCore Enterprises Quick Ratio Historical Data
The historical data trend for HeartCore Enterprises'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 HeartCore Enterprises's Quick Ratio
For the Software - Application subindustry, HeartCore Enterprises'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.
HeartCore Enterprises's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, HeartCore Enterprises's Quick Ratio distribution charts can be found below:
* The bar in red indicates where HeartCore Enterprises's Quick Ratio falls into.
HeartCore Enterprises 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.
HeartCore Enterprises'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.
HeartCore Enterprises (NAS:HTCR) 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.
HeartCore Enterprises Quick Ratio Related Terms
Thank you for viewing the detailed overview of HeartCore Enterprises's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
HeartCore Enterprises (HeartCore Enterprises) Business Description
HeartCore Enterprises Inc is a software development company. It provides software through two business units. The first business unit includes a customer experience management business that has been in existence for 12 years. The customer experience management platform includes marketing, sales, service and content management systems, as well as other tools and integrations, that enable companies to attract and engage customers throughout the customer experience. It also provides education, services and support to help customers be successful with CXM Platform.
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