LiveRamp Holdings has a quick ratio of 3.69. It generally indicates good short-term financial strength.
The historical rank and industry rank for LiveRamp Holdings's Quick Ratio or its related term are showing as below:
RAMP'
s Quick Ratio Range Over the Past 10 Years
Min: 1.5 Med: 3.8 Max: 12.53
Current: 3.69
During the past 13 years, LiveRamp Holdings's highest Quick Ratio was 12.53. The lowest was 1.50. And the median was 3.80.
RAMP's Quick Ratio is ranked better than 80.04% of 2826
companies
in the Software industry
Industry Median: 1.67
vs RAMP: 3.69
LiveRamp Holdings Quick Ratio Historical Data
The historical data trend for LiveRamp 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.
Competitive Comparison of LiveRamp Holdings's Quick Ratio
For the Software - Infrastructure subindustry, LiveRamp 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.
LiveRamp Holdings's Quick Ratio Distribution in the Software Industry
For the Software industry and Technology sector, LiveRamp Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where LiveRamp Holdings's Quick Ratio falls into.
LiveRamp Holdings 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.
LiveRamp Holdings's Quick Ratio for the fiscal year that ended in Mar. 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.
LiveRamp Holdings (NYSE:RAMP) 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.
LiveRamp Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of LiveRamp Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
LiveRamp Holdings (LiveRamp Holdings) Business Description
LiveRamp's cloud-based software helps businesses combine their data (first-party data) about customer touch points such as on webpages, mobile apps, in stores, and on other devices with data from other sources to get a better view of a current or potential customer's activity. Such combined data can help businesses and advertisers create better profiles of their customers. The software is also used by publishers to easily combine their data with that of advertisers, helping them to optimize their ad inventory. LiveRamp generates revenue through a one-year subscription model (around 80% of total revenue) for its software. The firm also provides a marketplace for third-party data owners and data buyers, around 20% of total revenue.
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