Rignet Inc Quick Ratio (RNET) starting from the fourth quarter 2020 to fourth quarter 2019, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Rignet Inc   (NASDAQ: RNET)
    Sector • Services    Industry • Communications Services
   Industry • Communications Services
   Sector • Services

Rignet Inc 's Quick Ratio

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


In the wake of the increase in Current Liabilities in the fourth quarter 2020, Quick Ratio fell to 0.27 below Rignet Inc average.

Within Communications Services industry 31 other companies have achieved higher Quick Ratio than Rignet Inc in fourth quarter 2020. While Quick Ratio total ranking in the fourth quarter 2020 has deteriorated compared to the prior quarter from 3138 to 3538.

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



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RNET Quick Ratio (Dec 31 2020)
Q4		 (Sep 30 2020)
Q3		 (Jun 30 2020)
Q2		 (Mar 31 2020)
Q1		 (Dec 31 2019)
Q4
Y / Y Current Liabilities Change -16.42 % -15.25 % -12.6 % -50.74 % -36.51 %
Y / Y Cash & cash equivalent Change 4.24 % 28.53 % 42.77 % -26.99 % -40.31 %
Quick Ratio MRQ 0.27 0.38 0.29 0.26 0.22
RNET's Total Ranking # 3538 # 3138 # 3444 # 3193 # 2785
Seq. Current Liabilities Change 4.87 % -9.56 % 0.75 % -12.53 % 6.34 %
Seq. Cash & cash equivalent Change -26.39 % 17.93 % 14.19 % 5.17 % -9.25 %



Quick Ratio fourth quarter 2020 Company Ranking
Within: No.
Communications Services Industry # 32
Services Sector # 464
Overall Market # 3538


Quick Ratio Statistics
High Average Low
1.99 1.02 0.17
(Jun 30 2012)   (Mar 31 2019)




Financial Statements
Rignet Inc 's Current Liabilities $ 50 Millions Visit RNET's Balance sheet
Rignet Inc 's Cash & cash equivalent $ 14 Millions Visit RNET's Balance sheet
Source of RNET's Sales Visit RNET's Sales by Geography


Cumulative Rignet Inc 's Quick Ratio

RNET's Quick Ratio for the trailling 12 Months

RNET Quick Ratio

 (Dec 31 2020)
12 Months		 (Sep 30 2020)
12 Months		 (Jun 30 2020)
12 Months		 (Mar 31 2020)
12 Months		 (Dec 31 2019)
12 Months
Y / Y Current Liabilities TTM Growth -28.27 % -32.95 % -26.28 % -17.48 % 38.56 %
Y / Y Cash & cash equivalent TTM Growth 7.48 % -7.71 % -21.64 % -34.87 % -31.29 %
Quick Ratio TTM 0.3 0.28 0.25 0.22 0.2
Total Ranking TTM # 4847 # 4805 # 3433 # 4806 # 3418
Seq. Current Liabilities TTM Growth -4.62 % -3.88 % -3.32 % -19.07 % -10.85 %
Seq. Cash & cash equivalent TTM Growth 0.91 % 7.22 % 9.01 % -8.87 % -13.35 %

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

On the trailing twelve months basis RNET Cash & cash equivalent improved by 4.24 % in Q4 2020 year on year, while Current Liabilities rose to $50 millions, this led to increase in in Rignet Inc 's Quick Ratio to 0.3, Quick Ratio remained below RNET average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Communications Services industry 54 other companies have achieved higher Quick Ratio than Rignet Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2020 from 4805 to 4847.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Communications Services Industry # 55
Services Sector # 658
Within the Market # 4847


trailing twelve months Quick Ratio Statistics
High Average Low
1.6 0.89 0.17
(Mar 31 2017)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Dec 31 2020, within Communications Services Industry Quick RatioDec 31 2020 MRQ Cash & cash equivalentDec 31 2020 MRQ Current Liabilities
Boingo Wireless inc   0.73 $ 61.501  Millions$ 83.706  Millions
Nuvera Communications Inc   0.72 $ 8.618  Millions$ 12.030  Millions
Telecom Argentina Sa  0.71 $ 2,016.117  Millions$ 2,845.141  Millions
Turkcell Iletisim Hizmetleri A S  0.70 $ 11,860.555  Millions$ 16,983.973  Millions
Orbcomm Inc   0.69 $ 40.384  Millions$ 58.805  Millions
Idt Corp  0.62 $ 201.222  Millions$ 324.870  Millions
Ucloudlink Group Inc  0.62 $ 24.529  Millions$ 39.650  Millions
Konatel Inc   0.61 $ 0.715  Millions$ 1.175  Millions
Consolidated Communications Holdings inc   0.58 $ 155.561  Millions$ 270.470  Millions
Otelco Inc   0.52 $ 8.445  Millions$ 16.168  Millions
Nextplat Corp  0.48 $ 0.729  Millions$ 1.517  Millions
T mobile Us Inc   0.48 $ 10,385.000  Millions$ 21,703.000  Millions
Chunghwa Telecom Co Ltd   0.42 $ 1,097.000  Millions$ 2,606.000  Millions
China Mobile Ltd  0.41 $ 31,762.071  Millions$ 76,815.189  Millions
Wytec International Inc   0.40 $ 0.596  Millions$ 1.482  Millions
Anghami Inc  0.39 $ 5.608  Millions$ 14.410  Millions
Alaska Communications Systems Group Inc  0.36 $ 21.404  Millions$ 58.767  Millions
Tim S a   0.31 $ 495.868  Millions$ 1,598.528  Millions
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk  0.30 $ 1,488.445  Millions$ 4,952.084  Millions
Orange  0.29 $ 9,265.760  Millions$ 31,717.280  Millions
Kt Corporation  0.29 $ 2,452.115  Millions$ 8,548.999  Millions
Veon ltd   0.27 $ 1,742.000  Millions$ 6,356.000  Millions
Partner Communications Co Ltd  0.27 $ 117.015  Millions$ 427.293  Millions
Atento S a   0.27 $ 234.758  Millions$ 866.234  Millions
Rignet Inc   0.27 $ 13.534  Millions$ 50.456  Millions
Telef nica S a   0.26 $ 8,962.514  Millions$ 33,895.436  Millions
Frontier Communications Parent Inc   0.26 $ 1,829.000  Millions$ 6,937.000  Millions
Shenandoah Telecommunications Company  0.26 $ 195.397  Millions$ 760.972  Millions
Telesat Corporation  0.26 $ 644.157  Millions$ 2,522.734  Millions
Globalstar Inc   0.21 $ 13.330  Millions$ 62.534  Millions

Date modified: 2026-09-08T15:10:12+00:00



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