Tuesday Morning Quick ratio

Cos'è Quick ratio di Tuesday Morning?

Quick ratio di Tuesday Morning Corporation è 1.18

Qual è la definizione di Quick ratio?

Rapporto rapido è il rapporto di liquidità che misura la capacità di un'azienda di utilizzare i suoi assets rapidi per soddisfare immediatamente le sue obbligazioni a breve termine.

The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.

Cosa fa Tuesday Morning?

Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, pet supplies, bath and body products, toys, and seasonal décor products. As of June 30, 2020, it operated approximately 685 stores in 39 states. The company was founded in 1974 and is headquartered in Dallas, Texas. On May 27, 2020, Tuesday Morning Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.

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