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Quick Ratio for Veteran Capital Corp

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VCC.P: Veteran Capital Corp

Veteran Capital Corp. does not have significant operations. It intends to identify and evaluate assets or businesses with a view to complete a qualifying transaction. The company was incorporated in 2...

0.04 CAD
Price
CAD
Fair Value
Upside
- - -
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Veteran Capital Corp's Quick Ratio:

Dec 2015Dec 2017Dec 2019Dec 2021Dec 202315.0x20.0x25.0x

Performance Summary
  • Veteran Capital's quick ratio last quarter was 243.6x
  • Veteran Capital's quick ratio decreased in 2023 (14.4x, -40.3%) and increased in 2022 (24.1x, +0.3%).

Benchmarks

Metric Usage: Quick Ratio

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quick_ratio
Slug
number
Datatype
text
Format
current
Default Period
FY, Q
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Quick Ratio in the risk category include:

  • FCF / Net Income - This data item measures the ratio of levered free cash flow to net income to common, excluding extra items. It is a quick and helpful check on the quality of earnings.
  • Total Debt / Total Assets - A ratio that measures a company's total debt as a percentage of total assets.
  • Beta (5 Year) - A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole. A beta of 1.0 means that the company rises and falls in direct relationship to the movement of the benchmark index. A beta that is less than 1 indicates a stock that is less volatile than the overall market and a beta greater than 1 indicates that the stock is more volatile.
  • Beta (1 Year) - A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole. Beta (1 Year) is calculated using one year of weekly returns.
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Quick Ratio

A ratio used to assess a company's short-term liquidity.

Definition of Quick Ratio

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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 Veteran Capital is calculated as follows:

(Cash & ST Investments [ 89.384 T ]
  (+) Accounts Receivable [ NA ]
(/) Current Liabilities [ 0.367 T ]
(=) Quick Ratio [ 243.6x ]

The tables below summarizes the trend in Veteran Capital’s quick ratio over the last five years:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2025-03-21 NA NA NA NA
2025-03-21 NA NA NA NA
2021-12-31 212.026 T NA 8.842 T 24.0x
2022-12-31 168.373 T NA 7 T 24.1x
2023-12-31 129.13 T NA 8.989 T 14.4x

The tables below summarizes the trend in Veteran Capital’s quick ratio over the last four quarters:

Fiscal Year Cash & ST Investments Accounts Receivable Current Liabilities Quick Ratio
2023-12-31 129.13 T NA 8.989 T 14.4x
2024-03-31 116.271 T NA 8.314 T 14.0x
2024-06-30 97.634 T NA NA NA
2024-09-30 89.384 T NA 0.367 T 243.6x

Read more on Wikipedia: Quick Ratio


Click the link below to download a spreadsheet with an example Quick Ratio calculation for Veteran Capital Corp below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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3.1x43.1x83.1x159.2x050100150

The chart above depicts the distribution of quick ratio for companies operating in the Financials sector in the Developed economic region. Over 2,840 companies were considered in this analysis, and 2,730 had meaningful values. The average quick ratio of companies in the sector is 6.4x with a standard deviation of 18.2x.

Veteran Capital Corp's Quick Ratio of 243.6x is significantly outside the interquartile range and is excluded from the distribution. The following table provides additional summary stats:

Quick Ratio In The Financials Sector
Economic Risk RegionDeveloped
Total Constituents2,844
Included Constituents2,730
Min0.0x
Max158.5x
Median0.5x
Mean6.4x
Standard Deviation18.2x

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