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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. Mondee Holdings's quick ratio for the quarter that ended in Dec. 2023 was 1.07.
Mondee Holdings has a quick ratio of 1.07. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mondee Holdings's Quick Ratio or its related term are showing as below:
During the past 4 years, Mondee Holdings's highest Quick Ratio was 2.10. The lowest was 0.84. And the median was 1.12.
The historical data trend for Mondee Holdings'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.
Mondee Holdings Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Quick Ratio | 1.17 | 0.84 | 2.10 | 1.07 |
Mondee Holdings Quarterly Data | |||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Quick Ratio | Get a 7-Day Free Trial | 2.10 | 1.46 | 1.24 | 1.10 | 1.07 |
For the Travel Services subindustry, Mondee Holdings'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.
For the Travel & Leisure industry and Consumer Cyclical sector, Mondee Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mondee Holdings's Quick Ratio falls into.
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.
Mondee Holdings's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Quick Ratio (A: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (173.097 | - | 0) | / | 161.569 | |
= | 1.07 |
Mondee Holdings's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as
Quick Ratio (Q: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (173.097 | - | 0) | / | 161.569 | |
= | 1.07 |
* 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.
Mondee Holdings (NAS:MOND) 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.
Thank you for viewing the detailed overview of Mondee Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeff Clarke | director | COMPUTER ASSOCIATES INTERNATIONAL INC, ONE COMPUTER ASSOCIATES PLAZA, ISLANDA NY 11746 |
Prasad Gundumogula | director, 10 percent owner, officer: Chief Executive Officer | 2213 VENETIAN SKY DRIVE, LEANDER TX 78641 |
Stanley Morgan | 10 percent owner | 1585 BROADWAY, NEW YORK NY 10036 |
Orestes Fintiklis | director, 10 percent owner, officer: Chief Executive Officer | 555 MADISON AVENUE, SUITE 11A, NEW YORK NY 10002 |
Venkat Pasupuleti | officer: Chief Technology Officer | 2856 CHRONICLE AVENUE, HAYWARD CA 94542 |
Meredith Waters | officer: General Counsel | 2616 MARIA ANNA RD., AUSTIN TX 78703 |
Jesus Portillo | officer: Chief Financial Officer | 10800 PECAN PARK BLVD, SUITE 315, AUSTIN TX 78750 |
Madhuri Pasam | other: Spouse of 10% Owner | 2213 VENETIAN SKY DR, LEANDER TX 78641 |
Jeffrey David Young | 10 percent owner | 191 NORTH WACKER DRIVE, SUITE 2350, CHICAGO IL 60606 |
Origami Capital Partners Llc | 10 percent owner | 191 NORTH WACKER DRIVE, SUITE 2350, CHICAGO IL 60606 |
Fly Ocp Llc | 10 percent owner | 191 NORTH WACKER DRIVE, SUITE 2350, CHICAGO IL 60606 |
Mondee Holdings, Llc | 10 percent owner | 2000 ALAMEDA DE LAS PULGAS, SUITE 125, SAN MATEO CA 94403 |
Noor Sweid | director | 17 STATE STREET, 21ST FLOOR, NEW YORK CA 10004 |
Roopa Purushothaman | director | ASHOK TOWERS, DWING, 003/004 DR B AMBEDKAR MARG PAREL, MUMBAI K7 400012 |
James Dullum | officer: Chief Operating Officer | 8800 SOUTH TROPICAL TRAIL, MERRITT ISLAND FL 32952 |
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