In the wake of the increase in Current Liabilities in the third quarter 2021, Quick Ratio fell to 0.48 below Newage Inc average.

Within Alcoholic Beverages industry Newage Inc booked the highest Quick Ratio than Newage Inc in the third quarter 2021. While Quick Ratio total ranking in the third quarter 2021 has deteriorated compared to the prior quarter from 2613 to 3575.

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NBEV Quick Ratio	(Sep 30 2021) Q3	(Jun 30 2021) Q2	(Mar 31 2021) Q1	(Dec 31 2020) Q4	(Sep 30 2020) Q3
Y / Y Current Liabilities Change	639.13 %	-24.99 %	-8.98 %	62.47 %	-83.71 %
Y / Y Cash & cash equivalent Change	74.18 %	98.96 %	228.84 %	-11.72 %	-60.68 %
Quick Ratio MRQ	0.48	1.8	1.61	0.41	2.03
NBEV's Total Ranking	# 3575	# 2613	# 3084	# 2894	#
Seq. Current Liabilities Change	118.15 %	-20.24 %	-57.51 %	899.67 %	-77.86 %
Seq. Cash & cash equivalent Change	-42.13 %	-10.63 %	68.59 %	99.78 %	-33.9 %

Quick Ratio third quarter 2021 Company Ranking
Within:	No.
Alcoholic Beverages Industry	# 1
Consumer Non Cyclical Sector	# 104
Overall Market	# 3575

Quick Ratio Statistics
High	Average	Low
10.98	0.76	0
(Sep 30 2018)		(Jun 30 2016)

Financial Statements
Newage Inc 's Current Liabilities	$ 98 Millions	Visit NBEV's Balance sheet
Newage Inc 's Cash & cash equivalent	$ 47 Millions	Visit NBEV's Balance sheet
Source of NBEV's Sales		Visit NBEV's Sales by Geography

Cumulative Newage Inc 's Quick Ratio

NBEV's Quick Ratio for the trailling 12 Months

NBEV Quick Ratio	(Sep 30 2021) 12 Months	(Jun 30 2021) 12 Months	(Mar 31 2021) 12 Months	(Dec 31 2020) 12 Months	(Sep 30 2020) 12 Months
Y / Y Current Liabilities TTM Growth	53.18 %	-13.24 %	-16.34 %	-24.26 %	-33.73 %
Y / Y Cash & cash equivalent TTM Growth	74.44 %	27.68 %	-11.86 %	-53.89 %	-49.92 %
Quick Ratio TTM	0.82	1.02	0.81	0.56	0.72
Total Ranking TTM	# 4782	# 4790	# 2200	# 2066	#
Seq. Current Liabilities TTM Growth	34.3 %	-5.71 %	-2.08 %	23.53 %	-23.93 %
Seq. Cash & cash equivalent TTM Growth	7.91 %	19 %	42.35 %	-4.57 %	-21.01 %

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

On the trailing twelve months basis Due to in Current Liabilities in the Q3 2021 to $97.81 millions, cumulative Quick Ratio decreased to 0.82 above the NBEV average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Alcoholic Beverages industry 5 other companies have achieved higher Quick Ratio than Newage Inc . While Quick Ratio overall ranking has improved so far to 4782, from total ranking during the twelve months ending second quarter 2021 at 4790.

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TTM Quick Ratio Company Ranking
Within:	No.
Within the Alcoholic Beverages Industry	# 6
Consumer Non Cyclical Sector	# 187
Within the Market	# 4782

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.1	0.49	0.01
(Jun 30 2019)		(Jun 30 2016)

Companies with similar Quick Ratio in the quarter ending Sep 30 2021, within Alcoholic Beverages Industry	Quick Ratio	Sep 30 2021 MRQ Cash & cash equivalent	Sep 30 2021 MRQ Current Liabilities
I on Digital Corp	1.04	$ 2.732 Millions	$ 2.634 Millions
Newage Inc	0.48	$ 46.829 Millions	$ 97.809 Millions
United Breweries Co Inc	0.37	$ 423.466 Millions	$ 1,134.226 Millions
Anheuser busch Inbev Sa	0.37	$ 12,478.000 Millions	$ 34,184.000 Millions
The Boston Beer Company Inc	0.31	$ 86.504 Millions	$ 277.174 Millions
Mgp Ingredients Inc	0.19	$ 16.162 Millions	$ 86.466 Millions
Molson Coors Beverage Company	0.16	$ 616.300 Millions	$ 3,779.800 Millions

Date modified: 2026-09-08T15:10:26+00:00

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