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. Webuy Global's quick ratio for the quarter that ended in Dec. 2023 was 1.11.
Webuy Global has a quick ratio of 1.11. It generally indicates good short-term financial strength.
The historical rank and industry rank for Webuy Global's Quick Ratio or its related term are showing as below:
WBUY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.53 Max: 1.11
Current: 1.11
During the past 3 years, Webuy Global's highest Quick Ratio was 1.11. The lowest was 0.44. And the median was 0.53.
WBUY's Quick Ratio is ranked better than 60.91% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 0.88
vs WBUY: 1.11
Webuy Global Quick Ratio Historical Data
The historical data trend for Webuy 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.
* Premium members only.
Webuy Global Quick Ratio Chart
Webuy Global Annual Data
Trend
Dec21
Dec22
Dec23
Quick Ratio
0.44
0.53
1.11
Webuy Global Semi-Annual Data
Dec21
Jun22
Dec22
Jun23
Dec23
Quick Ratio
0.44
-
0.53
0.46
1.11
Competitive Comparison of Webuy Global's Quick Ratio
For the Internet Retail subindustry, Webuy 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.
Webuy Global's Quick Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Webuy Global's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Webuy Global's Quick Ratio falls into.
Webuy 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.
Webuy Global'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.
Webuy Global (NAS:WBUY) 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.
Webuy Global Quick Ratio Related Terms
Thank you for viewing the detailed overview of Webuy Global's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Webuy Global Ltd is an emerging Southeast Asian (SEA) community-oriented e-commerce retailer (Community e-Commerce Retailor) with a focus on grocery and travel. Community e-commerce is a deepened extension form of e-commerce, where social media users with mutual interest and like-minded behavior are connected, forming a community group within a network through an online medium. Its mission is to make social shopping a new lifestyle for consumers and to empower consumers' purchases with an efficient cost-saving purchasing model. The company is also engaged in selling packaged tours to its customer. The majority of revenue is derived from the sales of groceries through its online platform.
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