GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Metavesco Inc (OTCPK:MVCO) » Definitions » Quick Ratio

Metavesco (Metavesco) Quick Ratio : 0.12 (As of Jun. 2023)


View and export this data going back to 1998. Start your Free Trial

What is Metavesco 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. Metavesco's quick ratio for the quarter that ended in Jun. 2023 was 0.12.

Metavesco has a quick ratio of 0.12. It indicates that the company cannot currently fully pay back its current liabilities.

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

MVCO' s Quick Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.1   Max: 0.39
Current: 0.12

During the past 13 years, Metavesco's highest Quick Ratio was 0.39. The lowest was 0.04. And the median was 0.10.

MVCO's Quick Ratio is ranked worse than
97% of 667 companies
in the Capital Markets industry
Industry Median: 2.05 vs MVCO: 0.12

Metavesco Quick Ratio Historical Data

The historical data trend for Metavesco'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.

* Premium members only.

Metavesco Quick Ratio Chart

Metavesco Annual Data
Trend Jun08 Jun09 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.10 - 0.39 0.12

Metavesco Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 1.66 0.04 0.38 0.12

Competitive Comparison of Metavesco's Quick Ratio

For the Capital Markets subindustry, Metavesco'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.


Metavesco's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Metavesco's Quick Ratio distribution charts can be found below:

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



Metavesco 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.

Metavesco's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.034-0.008)/0.222
=0.12

Metavesco's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.034-0.008)/0.222
=0.12

* 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.


Metavesco  (OTCPK:MVCO) 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.


Metavesco Quick Ratio Related Terms

Thank you for viewing the detailed overview of Metavesco's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Metavesco (Metavesco) Business Description

Traded in Other Exchanges
N/A
Address
410 Peachtree Pkwy, Suite 4245, Cumming, GA, USA, 30041
Metavesco Inc is a web3 enterprise and digital asset innovator. It has three areas of focus which include Liquidity Provider, Staking, and NFTs. The company has bitcoin mining operations at its hosted facilities in TX and KY. It generates income as a liquidity provider, via decentralized exchanges such as Uniswap.
Executives
Whiting Chisman director
Franklin P Earley director, officer: CEO 2505 CHEYNE WALK, VIRGINIA BEACH VA 23454
Marvin S Friedberg director PO BOX 826, VIRGINIA BEACH VA 23451
Eric L Fox director
Litton T Richard Jr director 1051 CAMBRIDGE CRESCENT, NORFOLK VA 23508
Lex W Troutman officer: Vice President 1332 CLONCURRY ROAD, NORFOLK VA 23505
Martin N Speroni officer: Vice President 793 CHIPPENDALE DRIVE, VIRGINIA BEACH VA 23455
Ernest Hardee director
Meredith Peter M Jr director MEREDITH CONSTRUCTION CO., INC., PO BOX 11265, NORFOLK VA 23517-0265
J Alan Lindauer director, officer: President/CEO 500 E MAIN STREET #8700, NORFOLK VA 23510
Harris Henry V Iii director
Richard G Ornstein director

Metavesco (Metavesco) Headlines

From GuruFocus

Metavesco Apes Into OthersideMeta

By ACCESSWIRE ACCESSWIRE 08-24-2022

Metavesco Announces Bitcoin Mining Initiative

By ACCESSWIRE ACCESSWIRE 08-29-2022

Metavesco Commences Generation of Bitcoin Mining Revenue

By ACCESSWIRE ACCESSWIRE 02-08-2023

Metavesco, Inc. Commences Trading Under Ticker MVCO

By ACCESSWIRE ACCESSWIRE 06-03-2022