Name: Quick Ratio

Definition: The quick ratio is like an emergency response measure: can the company pay off short-term debts without selling any inventory? It only counts cash, short-term investments, and receivables — assets that can quickly be turned into cash. A healthy quick ratio shows strong liquidity. A very low quick ratio means the company depends on selling inventory to meet short-term obligations — which can be risky if sales unexpectedly slow down.

Interpretation:
• In '2021', CNVS's quick ratio was 0.70, providing a stringent test of short-term liquidity. Industry average for Consumer Electronics/Video Chains in '2021' stood at 0.71.
• In '2022', CNVS's quick ratio was 0.83, providing a stringent test of short-term liquidity. The increase since '2021' reflects strengthening financial performance. Industry average for Consumer Electronics/Video Chains in '2022' stood at 0.72. Industry average increased by 0.01 compared to previous year.
• In '2023', CNVS's quick ratio was 0.71, providing a stringent test of short-term liquidity. The decline from '2022' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Video Chains in '2023' stood at 0.73. Industry average increased by 0.01 compared to previous year.
• In '2024', CNVS's quick ratio was 0.70, providing a stringent test of short-term liquidity. The decline from '2023' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Video Chains in '2024' stood at 0.75. Industry average increased by 0.01 compared to previous year.
Overall, CNVS's quick ratio has remained generally stable over the past 4 years.

Formula: Quick Ratio = (Current Assets - Inventory) / Current Liabilities

Good Range: Normally between 0.8 and 1.5.