SMX (Security Matters) (SMX (Security Matters)) Quick Ratio : 0.04 (As of Dec. 2023)

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What is SMX (Security Matters) 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. SMX (Security Matters)'s quick ratio for the quarter that ended in Dec. 2023 was 0.04.

SMX (Security Matters) has a quick ratio of 0.04. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for SMX (Security Matters)'s Quick Ratio or its related term are showing as below:

SMX' s Quick Ratio Range Over the Past 10 Years
Min: 0.04 Med: 1.86 Max: 3.4
Current: 0.04

During the past 4 years, SMX (Security Matters)'s highest Quick Ratio was 3.40. The lowest was 0.04. And the median was 1.86.

SMX's Quick Ratio is ranked worse than
99.44% of 1078 companies
in the Business Services industry
Industry Median: 1.545 vs SMX: 0.04

SMX (Security Matters) Quick Ratio Historical Data

The historical data trend for SMX (Security Matters)'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.

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SMX (Security Matters) Quick Ratio Chart

SMX (Security Matters) Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Quick Ratio

3.40

2.69

1.03

0.04

SMX (Security Matters) Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial			2.69	1.09	1.03	0.24	0.04

Competitive Comparison of SMX (Security Matters)'s Quick Ratio

For the Specialty Business Services subindustry, SMX (Security Matters)'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.

SMX (Security Matters)'s Quick Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SMX (Security Matters)'s Quick Ratio distribution charts can be found below:

* The bar in red indicates where SMX (Security Matters)'s Quick Ratio falls into.

SMX (Security Matters) 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.

SMX (Security Matters)'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
	=	(0.802	-	0)	/	18.022
	=	0.04

SMX (Security Matters)'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
	=	(0.802	-	0)	/	18.022
	=	0.04

SMX (Security Matters) (NAS:SMX) 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.

SMX (Security Matters) Quick Ratio Related Terms

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SMX (Security Matters) (SMX (Security Matters)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SMX (Security Matters) PLC (NAS:SMX) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sussex Road, Mespil Business Centre, Mespil House, Dublin, IRL, D04 T4A6

Website

https://smx.tech/home

SMX (Security Matters) PLC provides one solution to solve both authentication and track and trace challenges in order to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods. Its technology works as a track and trace system using a marker, a reader, and an algorithm to identify embedded sub-molecular particles in order to track and trace different components along a production process (or any other marked good along a supply chain) to the end producer.