In the wake of the increase in Current Liabilities in the third quarter 2024, Quick Ratio fell to 0 a new company low.

Within Professional Services industry 129 other companies have achieved higher Quick Ratio than Logiq Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 4006 to 4230.

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LGIQ Quick Ratio	(Sep 30 2024) Q3	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3
Y / Y Current Liabilities Change	-84.06 %	-85.4 %	-76.11 %	-38.24 %	-24.84 %
Y / Y Cash & cash equivalent Change	-99.74 %	-98.04 %	-93.22 %	-96.43 %	6.67 %
Quick Ratio MRQ	0	0.01	0.04	0.02	0.07
LGIQ's Total Ranking	# 4230	# 4006	# 3020	# 5431	# 3289
Seq. Current Liabilities Change	11.17 %	-32.52 %	12.12 %	-81.05 %	1.82 %
Seq. Cash & cash equivalent Change	-89.51 %	-81.17 %	202.04 %	-95.71 %	-19.7 %

Quick Ratio third quarter 2024 Company Ranking
Within:	No.
Professional Services Industry	# 130
Services Sector	# 530
Overall Market	# 4230

Quick Ratio Statistics
High	Average	Low
15.66	2.43	0
(Dec 31 2017)		(Sep 30 2024)

Financial Statements
Logiq Inc 's Current Liabilities	$ 1 Millions	Visit LGIQ's Balance sheet
Logiq Inc 's Cash & cash equivalent	$ 0 Millions	Visit LGIQ's Balance sheet
Source of LGIQ's Sales		Visit LGIQ's Sales by Geography

Cumulative Logiq Inc 's Quick Ratio

LGIQ's Quick Ratio for the trailling 12 Months

LGIQ Quick Ratio	(Sep 30 2024) 12 Months	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	-77.83 %	-55.96 %	-26.15 %	-0.68 %	-12.01 %
Y / Y Cash & cash equivalent TTM Growth	-96.28 %	-77.4 %	-52.22 %	-66.91 %	-65.36 %
Quick Ratio TTM	0.02	0.06	0.07	0.1	0.12
Total Ranking TTM	# 3648	# 3375	# 2832	# 4559	# 3350
Seq. Current Liabilities TTM Growth	-54.39 %	-35.18 %	-22.12 %	-3.69 %	-9.42 %
Seq. Cash & cash equivalent TTM Growth	-83.33 %	-50.49 %	-42.43 %	-21.63 %	1.18 %

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

On the trailing twelve months basis In spite of the year on year decrease in LGIQ's Current Liabilities to $0.88 millions, cumulative Quick Ratio to 0.02 below the LGIQ average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Professional Services industry 119 other companies have achieved higher Quick Ratio than Logiq Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 3375 to 3648.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Professional Services Industry	# 120
Services Sector	# 497
Within the Market	# 3648

trailing twelve months Quick Ratio Statistics
High	Average	Low
2.15	0.98	0.02
(Mar 31 2019)		(Sep 30 2024)

Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Professional Services Industry	Quick Ratio	Sep 30 2024 MRQ Cash & cash equivalent	Sep 30 2024 MRQ Current Liabilities
Micromobility com Inc	0.00	$ 0.141 Millions	$ 45.045 Millions
Cdt Environmental Technology Investment Holdings Limited	0.00	$ 0.124 Millions	$ 51.709 Millions
Cbiz Inc	0.00	$ 1.076 Millions	$ 452.917 Millions
Logiq Inc	0.00	$ 0.001 Millions	$ 0.876 Millions
Kforce Inc	0.00	$ 0.127 Millions	$ 113.198 Millions
Waste Energy Corp	0.00	$ 0.001 Millions	$ 3.060 Millions

Date modified: 2025-01-16T22:35:06+00:00

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