In the wake of the increase in Current Liabilities in the third quarter 2022, Quick Ratio fell to 0.07 below Life Clips Inc. average.

Within Consumer Electronics industry 60 other companies have achieved higher Quick Ratio than Life Clips in third quarter 2022. While Quick Ratio total ranking in the third quarter 2022 has deteriorated compared to the prior quarter from 2261 to 5615.

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LCLP Quick Ratio	(Mar 31 2022) Q3	(Dec 31 2021) Q2	(Sep 30 2021) Q1	(Jun 30 2021) Q4	(Mar 31 2021) Q3
Y / Y Current Liabilities Change	11.97 %	-26.4 %	-42.45 %	-84.35 %	-24.45 %
Y / Y Cash & cash equivalent Change	2077.34 %	13107.35 %	35917.56 %	1797.08 %	144.12 %
Quick Ratio MRQ	0.07	0.18	0.31	0.09	0
LCLP's Total Ranking	# 5615	# 2261	# 3355	# 3636	# 6138
Seq. Current Liabilities Change	3.55 %	62.65 %	165.91 %	-75 %	-31.94 %
Seq. Cash & cash equivalent Change	-57.56 %	-2.68 %	798.23 %	486.94 %	157.4 %

Quick Ratio third quarter 2022 Company Ranking
Within:	No.
Consumer Electronics Industry	# 61
Technology Sector	# 842
Overall Market	# 5615

Quick Ratio Statistics
High	Average	Low
3.19	0.22	0
(Dec 31 2014)		(Sep 30 2020)

Financial Statements
Life Clips's Current Liabilities	$ 11 Millions	Visit LCLP's Balance sheet
Life Clips's Cash & cash equivalent	$ 1 Millions	Visit LCLP's Balance sheet
Source of LCLP's Sales		Visit LCLP's Sales by Geography

Cumulative Life Clips's Quick Ratio

LCLP's Quick Ratio for the trailling 12 Months

LCLP Quick Ratio	(Mar 31 2022) 12 Months	(Dec 31 2021) 12 Months	(Sep 30 2021) 12 Months	(Jun 30 2021) 12 Months	(Mar 31 2021) 12 Months
Y / Y Current Liabilities TTM Growth	-40.33 %	-45.97 %	-43.33 %	-27.79 %	-5.66 %
Y / Y Cash & cash equivalent TTM Growth	7039.64 %	8744.42 %	3983.19 %	278.69 %	-26.38 %
Quick Ratio TTM	0.16	0.14	0.07	0.01	0
Total Ranking TTM	# 5690	# 5526	# 6025	# 4630	# 4639
Seq. Current Liabilities TTM Growth	4 %	-11.46 %	-12.66 %	-25.8 %	-5.84 %
Seq. Cash & cash equivalent TTM Growth	18.73 %	84.9 %	710.06 %	301.48 %	47.08 %

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

On the trailing twelve months basis LCLP Cash & cash equivalent more than doubled by 2077.34 % in Q3 2022 year on year, faster than Current Liabilities, this led to increase in in Life Clips's Quick Ratio to 0.16, above LCLP average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Consumer Electronics industry 58 other companies have achieved higher Quick Ratio than Life Clips. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2021 from 5526 to 5690.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Consumer Electronics Industry	# 59
Technology Sector	# 780
Within the Market	# 5690

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.16	0.03	0
(Mar 31 2022)		(Dec 31 2020)

Companies with similar Quick Ratio in the quarter ending Mar 31 2022, within Consumer Electronics Industry	Quick Ratio	Mar 31 2022 MRQ Cash & cash equivalent	Mar 31 2022 MRQ Current Liabilities
Algorhythm Holdings Inc	0.19	$ 2.290 Millions	$ 12.022 Millions
Ceragon Networks Ltd	0.17	$ 22.948 Millions	$ 132.836 Millions
Andrea Electronics Corporation	0.17	$ 0.125 Millions	$ 0.730 Millions
Parkervision Inc	0.11	$ 0.198 Millions	$ 1.741 Millions
Life Clips Inc.	0.07	$ 0.856 Millions	$ 11.413 Millions
Touchpoint Group Holdings Inc	0.07	$ 0.319 Millions	$ 4.697 Millions
Maxar Technologies Inc	0.04	$ 22.000 Millions	$ 499.000 Millions
Universal Electronics Inc	0.04	$ 8.589 Millions	$ 214.342 Millions
Careview Communications Inc	0.02	$ 0.765 Millions	$ 33.910 Millions

Date modified: 2026-09-08T15:10:38+00:00

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