PITA (PITA) Quick Ratio: Latest Data, Historical Trends & Peer Comparison
What is PITA's (PITA) Quick Ratio?
For fiscal Q1'24 ended Mar 31, 2024, PITA Quick Ratio was 0.38%, representing a -99.15% change year over year.
Quick Ratio Historical Trend for PITA
View PITA's annual, quarterly, and TTM Quick Ratio data from 2021 to 2024, including historical growth rates and trend analysis.
PITA Quarterly Data
| Metric | FY'21Dec 31, 2021 | Q1'22Mar 31, 2022 | H1'22Jun 30, 2022 | 9M'22Sep 30, 2022 | FY'22Dec 31, 2022 | Q1'23Mar 31, 2023 | H1'23Jun 30, 2023 | 9M'23Sep 30, 2023 | FY'23Dec 31, 2023 | Q1'24Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
Quick Ratio YoY | 1.04K% -- | 572.67% -- | 451.88% -- | 237.74% -- | 123.54% -88.15% | 45.16% -92.11% | 12.09% -97.32% | 6.85% -97.12% | 2.59% -97.91% | 0.38% -99.15% |
PITA (PITA) : Definition & Explanation
Quick Ratio focuses on near-term balance sheet flexibility. It asks whether the company has enough liquid resources or current assets to deal with obligations coming due soon.
It matters because quick ratio can help investors judge short-term resilience, working capital pressure, and the risk that the company may need outside financing.
It is usually calculated from current balance sheet items such as cash, receivables, inventory, current assets, current liabilities, or sometimes operating cash flow.
Investors usually read quick ratio with cash balances, short-term debt, and operating cash flow. A stronger liquidity position can reduce risk, although an unusually high ratio can also suggest that capital is not being used very efficiently.
PITA (PITA) Quick Ratio Related Metrics
Explore key financial metrics related to PITA's (PITA) Quick Ratio. Click on the links below to dive deeper into similar and complementary indicators.
About PITA (PITA)
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