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. Lord Global's quick ratio for the quarter that ended in Apr. 2020 was 0.00.
Lord Global 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 Lord Global's Quick Ratio or its related term are showing as below:
LRDG's Quick Ratio is not ranked *
in the Media - Diversified industry.
Industry Median: 1.44 * Ranked among companies with meaningful Quick Ratio only.
Lord Global Quick Ratio Historical Data
The historical data trend for Lord Global'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 Lord Global's Quick Ratio
For the Entertainment subindustry, Lord Global'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.
Lord Global's Quick Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Lord Global's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Lord Global's Quick Ratio falls into.
Lord Global 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.
Lord Global's Quick Ratio for the fiscal year that ended in Jul. 2019 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.
Lord Global (GREY:LRDG) 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.
Lord Global Quick Ratio Related Terms
Thank you for viewing the detailed overview of Lord Global's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lord Global Corp, formerly Bigfoot Project Investments Inc is engaged in searching, documenting and collecting evidence of the existence of the Bigfoot or Sasquatch creature, according to North American folklore, and it develops, produces and distributes fictional and documentary films about the creature and its searches. In addition to films available on DVD, it has added T-shirts and other branded products such as decals, coffee mugs, skull caps, and ball caps to its inventory. The company's revenues consisted of pay per view sales from the online streaming contract as well as proceeds and commissions from the sale of DVDs and videos.
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