Regardless of the sequential decrease in Current Liabilities, during the second quarter 2024, Quick Ratio deteriorated to 1.57 below China Liberal Education Holdings Limited's average Quick Ratio.

Within Educational Services industry 11 other companies have achieved higher Quick Ratio than China Liberal Education Holdings Limited in second quarter 2024. While Quick Ratio total ranking in the second quarter 2024 has deteriorated compared to the prior quarter from 318 to 1768.

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CLEU Quick Ratio	(Jun 30 2024) Q4	(Dec 31 2023) Q3	0 Q2	0 Q1	0 Q4
Y / Y Current Liabilities Change	-40.79 %	-68.35 %	-68.82 %	-35.57 %	-68.82 %
Y / Y Cash & cash equivalent Change	-90.39 %	250.57 %	342.03 %	152.95 %	342.03 %
Quick Ratio MRQ	1.57	10.49	9.68	4.86	9.68
CLEU's Total Ranking	# 1768	# 318	# 210	# 315	#
Seq. Current Liabilities Change	-44 %	5.73 %	-49.46 %	97.85 %	-70.07 %
Seq. Cash & cash equivalent Change	-91.61 %	14.58 %	0.62 %	-0.61 %	205.94 %

Quick Ratio second quarter 2024 Company Ranking
Within:	No.
Educational Services Industry	# 12
Services Sector	# 153
Overall Market	# 1768

Quick Ratio Statistics
High	Average	Low
28.49	11.17	0.68
(Dec 31 2018)		0

Financial Statements
China Liberal Education Holdings Limited's Current Liabilities	$ 4 Millions	Visit CLEU's Balance sheet
China Liberal Education Holdings Limited's Cash & cash equivalent	$ 6 Millions	Visit CLEU's Balance sheet
Source of CLEU's Sales		Visit CLEU's Sales by Geography

Cumulative China Liberal Education Holdings Limited's Quick Ratio

CLEU's Quick Ratio for the trailling 12 Months

CLEU Quick Ratio	(Jun 30 2024) 12 Months	(Dec 31 2023) 12 Months	0 12 Months	0 12 Months	0 12 Months
Y / Y Current Liabilities TTM Growth	-56.42 %	-60.74 %	-25.25 %	39.01 %	161.24 %
Y / Y Cash & cash equivalent TTM Growth	66.28 %	253.15 %	133.84 %	46.76 %	2.36 %
Quick Ratio TTM	6.77	7.96	4.39	2.59	1.77
Total Ranking TTM	# 3434	# 3298	# 2969	# 3607	#
Seq. Current Liabilities TTM Growth	-8.1 %	-31.2 %	-23.17 %	-10.29 %	-17.21 %
Seq. Cash & cash equivalent TTM Growth	-21.83 %	24.66 %	30.38 %	30.88 %	66.01 %

Quick ratio ranking by company, industry and sector >> Back to CLEU Financial Strength Comparisons >> Go to Compare CLEU Quick Ratio to its Competitors

On the trailing twelve months basis In spite of the year on year decrease in CLEU's Current Liabilities to $3.69 millions, cumulative Quick Ratio to 6.77 above the company average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Educational Services industry 27 other companies have achieved higher Quick Ratio than China Liberal Education Holdings Limited. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2023 from 3298 to 3434.

Explain Quick Ratio?
How much Cash & cash equivalents CLEU�s has?
What are CLEU�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Educational Services Industry	# 28
Services Sector	# 455
Within the Market	# 3434

trailing twelve months Quick Ratio Statistics
High	Average	Low
19.51	5.95	0.68
(Dec 31 2021)		(Dec 31 2022)

Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Educational Services Industry	Quick Ratio	Jun 30 2024 MRQ Cash & cash equivalent	Jun 30 2024 MRQ Current Liabilities
Pcs Edventures Inc	4.09	$ 2.653 Millions	$ 0.648 Millions
17 Education and Technology Group Inc	3.44	$ 49.218 Millions	$ 14.307 Millions
Grand Canyon Education inc	3.18	$ 341.815 Millions	$ 107.467 Millions
Stride Inc	2.83	$ 692.286 Millions	$ 244.280 Millions
Ihuman Inc	2.61	$ 160.118 Millions	$ 61.314 Millions
Exceed World Inc	2.44	$ 19.711 Millions	$ 8.072 Millions
Lincoln Educational Services Corporation	2.19	$ 66.987 Millions	$ 30.612 Millions
Ambow Education Holding Ltd	1.96	$ 1.243 Millions	$ 0.635 Millions
Legacy Education Inc	1.83	$ 10.793 Millions	$ 5.905 Millions
China Liberal Education Holdings Limited	1.57	$ 5.800 Millions	$ 3.690 Millions
Gaotu Techedu Inc	1.03	$ 440.068 Millions	$ 426.474 Millions
Udemy Inc	1.03	$ 420.923 Millions	$ 408.843 Millions
Strategic Education Inc	1.01	$ 256.239 Millions	$ 253.439 Millions
Sunlands Technology Group	0.98	$ 107.306 Millions	$ 109.791 Millions
Chegg Inc	0.78	$ 345.464 Millions	$ 440.263 Millions
Universal Technical Institute Inc	0.66	$ 115.505 Millions	$ 173.761 Millions
Afya Limited	0.50	$ 173.093 Millions	$ 348.005 Millions
Bright Scholar Education Holdings Limited	0.49	$ 69.588 Millions	$ 141.371 Millions
Covista inc	0.48	$ 221.202 Millions	$ 462.951 Millions
Classover Holdings Inc	0.43	$ 0.737 Millions	$ 1.704 Millions
Jiade Limited	0.40	$ 0.537 Millions	$ 1.338 Millions
Laureate Education Inc	0.34	$ 128.838 Millions	$ 381.735 Millions

Date modified: 2026-09-08T15:11:13+00:00

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