Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:
(Cash & ST Investments
(+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio
Quick Ratio for Zhengzhou Tiamaes Technology Co.Ltd is calculated as follows:
(Cash & ST Investments [ NA ]
(+) Accounts Receivable [ NA ]
(/) Current Liabilities [ NA ]
(=) Quick Ratio [ 1.8x ]
The tables below summarizes the trend in Zhengzhou Tiamaes Technology Co.Ltd’s quick ratio over the last five years:
| Fiscal Year |
Cash & ST Investments |
Accounts Receivable |
Current Liabilities |
Quick Ratio |
| 2019-12-31 |
NA |
NA |
NA |
3.0x |
| 2020-12-31 |
NA |
NA |
NA |
3.1x |
| 2022-01-01 |
NA |
NA |
NA |
1.8x |
| 2023-01-01 |
NA |
NA |
NA |
2.1x |
| 2023-12-31 |
NA |
NA |
NA |
2.2x |
The tables below summarizes the trend in Zhengzhou Tiamaes Technology Co.Ltd’s quick ratio over the last four quarters:
| Fiscal Year |
Cash & ST Investments |
Accounts Receivable |
Current Liabilities |
Quick Ratio |
| 2023-12-31 |
NA |
NA |
NA |
2.2x |
| 2024-03-31 |
NA |
NA |
NA |
2.2x |
| 2024-06-30 |
NA |
NA |
NA |
2.1x |
| 2024-09-30 |
NA |
NA |
NA |
1.8x |
Read more on Wikipedia: Quick Ratio
Click the link below to download a spreadsheet with an example Revenue calculation for Zhengzhou Tiamaes Technology Co Ltd below: