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ZONE (CleanCore Solutions) Quick Ratio : 0.19 (As of Dec. 2023)


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What is CleanCore Solutions 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. CleanCore Solutions's quick ratio for the quarter that ended in Dec. 2023 was 0.19.

CleanCore Solutions has a quick ratio of 0.19. It indicates that the company cannot currently fully pay back its current liabilities.

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

ZONE' s Quick Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.19   Max: 1.4
Current: 0.19

During the past 3 years, CleanCore Solutions's highest Quick Ratio was 1.40. The lowest was 0.07. And the median was 0.19.

ZONE's Quick Ratio is ranked worse than
98.35% of 3023 companies
in the Industrial Products industry
Industry Median: 1.39 vs ZONE: 0.19

CleanCore Solutions Quick Ratio Historical Data

The historical data trend for CleanCore Solutions'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.

CleanCore Solutions Quick Ratio Chart

CleanCore Solutions Annual Data
Trend Jun21 Jun22 Jun23
Quick Ratio
0.07 0.09 0.27

CleanCore Solutions Quarterly Data
Jun21 Mar22 Jun22 Oct22 Mar23 Jun23 Dec23
Quick Ratio Get a 7-Day Free Trial 0.09 - 1.40 0.27 0.19

Competitive Comparison of CleanCore Solutions's Quick Ratio

For the Pollution & Treatment Controls subindustry, CleanCore Solutions'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.


CleanCore Solutions's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CleanCore Solutions's Quick Ratio distribution charts can be found below:

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



CleanCore Solutions 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.

CleanCore Solutions'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
=(1.737-0.672)/3.949
=0.27

CleanCore Solutions'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
=(1.581-0.742)/4.393
=0.19

* 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.


CleanCore Solutions  (AMEX:ZONE) 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.


CleanCore Solutions Quick Ratio Related Terms

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CleanCore Solutions Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137
CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.

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