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. Big Technologies's quick ratio for the quarter that ended in Dec. 2023 was 13.56.
Big Technologies has a quick ratio of 13.56. It generally indicates good short-term financial strength.
The historical rank and industry rank for Big Technologies's Quick Ratio or its related term are showing as below:
LSE:BIG'
s Quick Ratio Range Over the Past 10 Years
Min: 1.58 Med: 7.77 Max: 13.56
Current: 13.56
During the past 5 years, Big Technologies's highest Quick Ratio was 13.56. The lowest was 1.58. And the median was 7.77.
LSE:BIG's Quick Ratio is ranked better than 97.99% of 2834
companies
in the Software industry
Industry Median: 1.635
vs LSE:BIG: 13.56
Big Technologies Quick Ratio Historical Data
The historical data trend for Big Technologies'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 Big Technologies's Quick Ratio
For the Software - Application subindustry, Big Technologies'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.
Big Technologies's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Big Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Big Technologies's Quick Ratio falls into.
Big Technologies 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.
Big Technologies'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.
Big Technologies (LSE:BIG) 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.
Big Technologies Quick Ratio Related Terms
Thank you for viewing the detailed overview of Big Technologies's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Big Technologies PLC provides products and services to the remote and personal monitoring industry under several brand and trading names. The company's criminal justice solution involves proprietary monitoring software combined with modular monitoring hardware being used to accurately track the location of tag wearers. Alongside this, it also offers monitoring services solutions for its customers. The company provides its solutions on a SaaS-like subscription-based model, with long-term contracts spanning up to twelve years in length, providing a secure revenue base from which to deliver contract expansion and to win new contracts. It generates revenue across the world, with operations across the United Kingdom, Australia, United States and Colombia.
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