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Curo Group Holdings Corp   (CURO)
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Curo Group Holdings 's Quick Ratio

CURO's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Current Liabilities decreased faster than Curo Group Holdings 's Cash & cash equivalent, this led to improvement in Curo Group Holdings 's Quick Ratio to 3.51, Quick Ratio remained below Curo Group Holdings Corp average.

Within Miscellaneous Financial Services industry 20 other companies have achieved higher Quick Ratio than Curo Group Holdings in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 731 to 797.

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


CURO Quick Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities Change -32.84 % 143.27 % -43.65 % 62.51 % 71.35 %
Y / Y Cash & cash equivalent Change 120.76 % 86.9 % -13.05 % -77.8 % -86.47 %
Quick Ratio MRQ 3.51 2.81 2.73 2.53 1.07
CURO's Total Ranking # 797 # 731 # 1064 # 0 # 963
Seq. Current Liabilities Change -41.41 % 99.57 % 11.31 % -48.4 % 112.21 %
Seq. Cash & cash equivalent Change -26.64 % 104.84 % 20.25 % 22.17 % -37.89 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Miscellaneous Financial Services Industry # 21
Financial Sector # 129
Overall Market # 797


Quick Ratio Statistics
High Average Low
33.41 9.65 1.07
(Sep 30 2020)   (Jun 30 2022)




Financial Statements
Curo Group Holdings 's Current Liabilities $ 23 Millions Visit CURO's Balance sheet
Curo Group Holdings 's Cash & cash equivalent $ 83 Millions Visit CURO's Balance sheet
Source of CURO's Sales Visit CURO's Sales by Geography


Cumulative Curo Group Holdings 's Quick Ratio

CURO's Quick Ratio for the trailling 12 Months

CURO Quick Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth -32.84 % 143.27 % -43.65 % 62.51 % 71.35 %
Y / Y Cash & cash equivalent TTM Growth 120.76 % 86.9 % -13.05 % -77.8 % -86.47 %
Quick Ratio TTM 2.91 2.21 2.21 1.96 3.73
Total Ranking TTM # # # # #
Seq. Current Liabilities TTM Growth -41.41 % 99.57 % 11.31 % -48.4 % 112.21 %
Seq. Cash & cash equivalent TTM Growth -26.64 % 104.84 % 20.25 % 22.17 % -37.89 %


  News about Curo Group Holdings Corp Quick Ratio

In a time of uncertainty, CURO Group Holdings Corp navigates financial challenges with forbearance agreements

In a time of uncertainty, CURO Group Holdings Corp. navigates financial challenges with forbearance agreements
CURO Group Holdings Corp., a leading consumer finance company in the United States and Canada, has recently announced that it has entered into forbearance agreements with the majority of its senior secured note holders. These agreements allow CURO to continue constructive discussions with lenders and stakeholders as they navigate financial challenges.
The Forbearance Agreements, which were reached with holders of approximately 84% of the outstanding aggregate principal amount of the company's 7.500% Senior 1.5 Lien Secured Notes due 2028, provide CURO with some breathing room as they work towards a resolution. Additionally, the company has also entered into agreements with holders of approximately 74% of the outstanding aggregate principal amount of the same notes.

CURO Group Holdings Corp. Faces Challenges with Quick Ratio Performance Amid Consent Solicitation for 7.500% Senior Notes

In the recent announcement by CURO Group Holdings Corp., the expiration and results of its consent solicitation for its 7.500% Senior 1.5 Lien Secured Notes due 2028 have been revealed. This omni-channel consumer finance company, serving consumers in the U.S. and Canada, has seen a decrease in its current liabilities at a faster rate than its cash and cash equivalents, resulting in an improved quick ratio of 3.51.
Comparing this ratio to others in the industry, it is clear that CURO Group Holdings Corp. is lagging behind with a ranking of 797. However, there has been a significant increase in cash and cash equivalents by 120.76% in the third quarter of 2023 compared to the previous year, boosting the trailing twelve months quick ratio to 2.91.

CURO Group Holdings Corp. Bolsters Financial Strength with Consent Solicitation for Senior Lien Secured Notes

Amid Strong Financial Performance, CURO Group Holdings Corp. Announces Consent Solicitation for Senior Lien Secured Notes
In a recent press release, CHICAGO CURO Group Holdings Corp. (NYSE: CURO) announced its intention to solicit consents from holders of its outstanding 7.500% Senior 1.5 Lien Secured Notes due 2028. This move comes as the company reports a significant improvement in its financial health, with current liabilities decreasing faster than its cash and cash equivalents. As a result, CURO Group Holdings' quick ratio has improved to 3.51, positioning the company more favorably among its peers in the industry.
It's worth noting that CURO Group Holdings Corp. has more than doubled its cash and cash equivalents in the past year, leading to a 120.76% increase in its trailing twelve months quick ratio. While the company's quick ratio remains below the industry average, it has seen notable progress in its ranking compared to previous quarters.


On the trailing twelve months basis CURO Cash & cash equivalent more than doubled by 120.76 % in III Quarter 2023 year on year, while Current Liabilities plummeted to $23 millions, this led to increase in in Curo Group Holdings 's Quick Ratio to 2.91, Quick Ratio remained below CURO average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Miscellaneous Financial Services industry 20 other companies have achieved higher Quick Ratio than Curo Group Holdings . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 296 to 673.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Miscellaneous Financial Services Industry # 21
Financial Sector # 129
Within the Market # 797


trailing twelve months Quick Ratio Statistics
High Average Low
33.41 9.65 1.07
(Sep 30 2020)   (Jun 30 2022)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Miscellaneous Financial Services Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Burford Capital Limited  9.53 $ 328.110  Millions$ 34.416  Millions
Upstart Holdings Inc   8.77 $ 516.581  Millions$ 58.880  Millions
Mega Matrix Corp   6.61 $ 1.967  Millions$ 0.298  Millions
Riot Platforms Inc   5.78 $ 411.043  Millions$ 71.115  Millions
America First Multifamily Investors L p   4.52 $ 106.826  Millions$ 23.622  Millions
Federal Home Loan Bank Of Dallas  4.41 $ 10,135.391  Millions$ 2,299.410  Millions
Perella Weinberg Partners  4.39 $ 196.581  Millions$ 44.762  Millions
Federal Home Loan Bank Of San Francisco  4.29 $ 5,544.000  Millions$ 1,292.000  Millions
The Marygold Companies Inc   4.12 $ 20.249  Millions$ 4.911  Millions
Federal Home Loan Bank Of Indianapolis  4.00 $ 3,895.082  Millions$ 974.108  Millions
Startengine Crowdfunding inc   3.97 $ 15.832  Millions$ 3.991  Millions
Curo Group Holdings Corp   3.51 $ 82.550  Millions$ 23.490  Millions
Better Home and Finance Holding Company  3.12 $ 556.596  Millions$ 178.649  Millions
Pagaya Technologies Ltd   2.74 $ 186.478  Millions$ 67.994  Millions
Lendingtree inc   2.47 $ 175.583  Millions$ 71.046  Millions
Moneylion Inc   2.05 $ 94.266  Millions$ 45.986  Millions
Cleanspark Inc   1.42 $ 105.174  Millions$ 74.055  Millions
Dave Inc   1.30 $ 45.246  Millions$ 34.881  Millions
Oppfi Inc   1.22 $ 31.125  Millions$ 25.472  Millions
Avantax Inc   1.19 $ 106.435  Millions$ 89.763  Millions
Hut 8 Corp   1.13 $ 12.744  Millions$ 11.277  Millions
Prosper Marketplace Inc   1.05 $ 39.524  Millions$ 37.532  Millions
Sprott Inc   0.90 $ 21.847  Millions$ 24.237  Millions
Security National Financial Corporation  0.79 $ 740.507  Millions$ 943.140  Millions

Date modified: 2023-11-04T15:10:18+00:00



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