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PetMed Express, Inc., together with its subsidiaries, operates as a pet pharmacy in the United States. The company markets prescription and non-prescription pet medications, health products, and other...
The following section summarizes insights on PetMed Express 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 PetMed Express is calculated as follows:
(Cash & ST Investments [ 50.101 M ]
(+) Accounts Receivable [ 2.259 M ]
(/) Current Liabilities [ 47.959 M ]
(=) Quick Ratio [ 1.1x ]
The tables below summarizes the trend in PetMed Express’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-03-31 | 103.8 M | 3.843 M | 24.343 M | 4.4x |
| 2021-03-31 | 118.7 M | 2.587 M | 44.935 M | 2.7x |
| 2022-03-31 | 111.1 M | 1.913 M | 56.248 M | 2.0x |
| 2023-03-31 | 104.1 M | 1.74 M | 57.512 M | 1.8x |
| 2024-03-31 | 55.296 M | 3.283 M | 72.158 M | 0.8x |
The tables below summarizes the trend in PetMed Express’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2024-03-31 | 55.296 M | 3.283 M | 72.158 M | 0.8x |
| 2024-06-30 | 45.992 M | 2.261 M | 58.3 M | 0.8x |
| 2024-09-30 | 52.045 M | 1.62 M | 48.832 M | 1.1x |
| 2024-12-31 | 50.101 M | 2.259 M | 47.959 M | 1.1x |
Read more on Wikipedia: Quick Ratio