Iqstel Inc Quick Ratio (IQST) starting from the first quarter 2023 to first quarter 2021, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Iqstel Inc   (NASDAQ: IQST)
    Sector • Services    Industry • Communications Services
   Industry • Communications Services
   Sector • Services

Iqstel Inc 's Quick Ratio

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


Iqstel Inc 's Cash & cash equivalent grew by 33.69 % in the Q1 2023 sequentially, while Current Liabilities decreased, this led to improvement in Iqstel Inc 's Quick Ratio to 0.28, above Iqstel Inc average Quick Ratio.

Within Communications Services industry 22 other companies have achieved higher Quick Ratio than Iqstel Inc in first quarter 2023. While Quick Ratio total ranking has improved so far during the Q1 2023 to 2685, from total ranking in the fourth quarter 2022 at 4526.

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



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IQST Quick Ratio (Mar 31 2023)
Q1		 (Dec 31 2022)
Q4		 (Sep 30 2022)
Q3		 (Jun 30 2022)
Q2		 (Dec 31 2021)
Q1
Y / Y Current Liabilities Change 166.65 % 0.67 % -50.43 % -54.57 % -72.25 %
Y / Y Cash & cash equivalent Change -46.71 % -56.16 % 71.9 % 154.26 % 327.79 %
Quick Ratio MRQ 0.28 0.21 0.47 0.46 1.41
IQST's Total Ranking # 2685 # 4526 # 2766 # 2599 #
Seq. Current Liabilities Change -2.34 % 132.91 % -23.21 % 52.66 % -63.13 %
Seq. Cash & cash equivalent Change 33.69 % 2.66 % -21.32 % -50.64 % 9.96 %



Quick Ratio first quarter 2023 Company Ranking
Within: No.
Communications Services Industry # 23
Services Sector # 303
Overall Market # 2685


Quick Ratio Statistics
High Average Low
1.41 0.17 0
(Dec 31 2021)   (Dec 31 2016)




Financial Statements
Iqstel Inc 's Current Liabilities $ 6 Millions Visit IQST's Balance sheet
Iqstel Inc 's Cash & cash equivalent $ 2 Millions Visit IQST's Balance sheet
Source of IQST's Sales Visit IQST's Sales by Geography


Cumulative Iqstel Inc 's Quick Ratio

IQST's Quick Ratio for the trailling 12 Months

IQST Quick Ratio

 (Mar 31 2023)
12 Months		 (Dec 31 2022)
12 Months		 (Sep 30 2022)
12 Months		 (Jun 30 2022)
12 Months		 (Dec 31 2021)
12 Months
Y / Y Current Liabilities TTM Growth -14.22 % -46.61 % -54.13 % -53.43 % -46.26 %
Y / Y Cash & cash equivalent TTM Growth -22.15 % 45.89 % 281.88 % 348.5 % 411.86 %
Quick Ratio TTM 0.32 0.5 0.61 0.49 0.35
Total Ranking TTM # 4120 # 3242 # 2681 # 3497 #
Seq. Current Liabilities TTM Growth 25.92 % 0.28 % -15.69 % -19.43 % -21.62 %
Seq. Cash & cash equivalent TTM Growth -20.48 % -18.3 % 6.18 % 12.86 % 49.02 %

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

On the trailing twelve months basis Due to decrease in Current Liabilities in the Q1 2023 to $6.30 millions, cumulative Quick Ratio decreased to 0.32 above the IQST average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Communications Services industry 36 other companies have achieved higher Quick Ratio than Iqstel Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2022 from 3242 to 4120.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Communications Services Industry # 37
Services Sector # 532
Within the Market # 4120


trailing twelve months Quick Ratio Statistics
High Average Low
0.61 0.22 0.01
(Sep 30 2022)   (Mar 31 2019)




Companies with similar Quick Ratio in the quarter ending Mar 31 2023, within Communications Services Industry Quick RatioMar 31 2023 MRQ Cash & cash equivalentMar 31 2023 MRQ Current Liabilities
Idt Corp  0.61 $ 185.043  Millions$ 301.675  Millions
Ucloudlink Group Inc  0.60 $ 23.371  Millions$ 39.123  Millions
Kore Group Holdings Inc   0.56 $ 30.600  Millions$ 55.077  Millions
Veon ltd   0.55 $ 1,960.000  Millions$ 3,584.000  Millions
Telesat Corporation  0.53 $ 1,291.169  Millions$ 2,448.917  Millions
Shenandoah Telecommunications Company  0.52 $ 48.396  Millions$ 92.236  Millions
Chunghwa Telecom Co Ltd   0.50 $ 1,105.000  Millions$ 2,213.000  Millions
Cleartronic Inc   0.42 $ 0.386  Millions$ 0.914  Millions
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk  0.41 $ 1,884.000  Millions$ 4,639.000  Millions
Crexendo Inc   0.40 $ 3.688  Millions$ 9.180  Millions
Telef nica S a   0.36 $ 9,345.280  Millions$ 26,206.880  Millions
Konatel Inc   0.35 $ 1.596  Millions$ 4.514  Millions
Surgepays Inc   0.35 $ 8.862  Millions$ 25.647  Millions
Gogo Inc   0.34 $ 24.728  Millions$ 73.394  Millions
Sidus Space Inc   0.34 $ 2.819  Millions$ 8.370  Millions
Aerkomm Inc  0.33 $ 4.317  Millions$ 13.048  Millions
Charge Enterprises Inc   0.33 $ 43.041  Millions$ 131.341  Millions
Atn International inc   0.30 $ 61.277  Millions$ 205.384  Millions
Iqstel Inc   0.28 $ 1.777  Millions$ 6.301  Millions
GlobalTech Corp  0.28 $ 0.893  Millions$ 3.196  Millions
Globalstar Inc   0.25 $ 20.487  Millions$ 81.821  Millions
Tim S a   0.24 $ 634.350  Millions$ 2,655.132  Millions
Lumen Technologies inc   0.24 $ 1,148.000  Millions$ 4,848.000  Millions
Kt Corporation  0.22 $ 2,681.053  Millions$ 12,320.302  Millions
Telef nica Brasil S a   0.22 $ 828.072  Millions$ 3,815.995  Millions
Telephone And Data Systems Inc   0.21 $ 259.000  Millions$ 1,225.000  Millions
Sk Telecom Co Ltd   0.21 $ 1,353.279  Millions$ 6,504.401  Millions
Orange  0.19 $ 6,560.960  Millions$ 34,199.200  Millions
T mobile Us Inc   0.19 $ 4,540.000  Millions$ 23,846.000  Millions
Vodafone Group Public Limited Company  0.17 $ 13,029.005  Millions$ 78,201.209  Millions

Date modified: 2026-08-29T17:14:09+00:00



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