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Foxx Development Holdings Inc. operates as a consumer electronics and integrated internet-of-things (IoT) solution company in the United States. The company offers smartphones, tablets, wearables, and...
The following section summarizes insights on Foxx Development Holdings Inc's Quick Ratio:
To view the full list of supported financial metrics please see Complete Metrics Listing.
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 Foxx Development is calculated as follows:
(Cash & ST Investments [ 3.943 M ]
(+) Accounts Receivable [ 9.246 M ]
(/) Current Liabilities [ 28.65 M ]
(=) Quick Ratio [ 0.5x ]
The tables below summarizes the trend in Foxx Development’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2025-03-29 | NA | NA | NA | NA |
| 2025-03-29 | NA | NA | NA | NA |
| 2025-03-29 | NA | NA | NA | NA |
| 2023-06-30 | 1.825 M | NA | 2.467 M | 0.7x |
| 2024-06-30 | 587.448 T | 1.934 M | 8.949 M | 0.3x |
The tables below summarizes the trend in Foxx Development’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2025-03-29 | NA | NA | NA | NA |
| 2024-06-30 | 587.448 T | 1.934 M | 8.949 M | 0.3x |
| 2024-09-30 | 9.18 M | 14.085 M | 47.95 M | 0.5x |
| 2024-12-31 | 3.943 M | 9.246 M | 28.65 M | 0.5x |
Read more on Wikipedia: Quick Ratio
The chart above depicts the distribution of quick ratio for companies operating in the Information Technology sector in the Developed economic region. Over 2,510 companies were considered in this analysis, and 2,419 had meaningful values. The average quick ratio of companies in the sector is 1.9x with a standard deviation of 1.9x.
Foxx Development Holdings Inc's Quick Ratio of 0.5x ranks in the 14.3% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,519 |
| Included Constituents | 2,419 |
| Min | 0.0x |
| Max | 13.7x |
| Median | 1.3x |
| Mean | 1.9x |
| Standard Deviation | 1.9x |
You can find companies with similar quick ratio using this stock screener.