Regardless of the sequential decrease in Current Liabilities, during the second quarter 2023, Quick Ratio deteriorated to 0.4 below Shift Technologies Inc 's average Quick Ratio.

Within Automotive Aftermarket industry 6 other companies have achieved higher Quick Ratio than Shift Technologies Inc in second quarter 2023. While Quick Ratio total ranking in the second quarter 2023 has deteriorated compared to the prior quarter from 2134 to 3541.

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SFT Quick Ratio	(Jun 30 2023) Q2	(Mar 31 2023) Q1	(Dec 31 2022) Q4	(Sep 30 2022) Q3	(Jun 30 2022) Q2
Y / Y Current Liabilities Change	-60.23 %	-44.76 %	-30.24 %	-18.77 %	68.59 %
Y / Y Cash & cash equivalent Change	-73.72 %	-38.05 %	-46.65 %	-82.19 %	-62.86 %
Quick Ratio MRQ	0.4	0.71	0.98	0.54	0.6
SFT's Total Ranking	# 3541	# 2134	# 2045	# 2755	# 2604
Seq. Current Liabilities Change	-29.38 %	-16.14 %	20.81 %	-44.42 %	-1.91 %
Seq. Cash & cash equivalent Change	-60.44 %	-39.66 %	120.95 %	-50.17 %	-6.75 %

Quick Ratio second quarter 2023 Company Ranking
Within:	No.
Automotive Aftermarket Industry	# 7
Retail Sector	# 92
Overall Market	# 3541

Quick Ratio Statistics
High	Average	Low
2339.49	169.49	0.05
(Mar 31 2019)		(Sep 30 2020)

Financial Statements
Shift Technologies Inc 's Current Liabilities	$ 59 Millions	Visit SFT's Balance sheet
Shift Technologies Inc 's Cash & cash equivalent	$ 23 Millions	Visit SFT's Balance sheet
Source of SFT's Sales		Visit SFT's Sales by Geography

Cumulative Shift Technologies Inc 's Quick Ratio

SFT's Quick Ratio for the trailling 12 Months

SFT Quick Ratio	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months	(Sep 30 2022) 12 Months	(Jun 30 2022) 12 Months
Y / Y Current Liabilities TTM Growth	-40.32 %	-14.39 %	19.83 %	71.46 %	162.44 %
Y / Y Cash & cash equivalent TTM Growth	-63.56 %	-62.16 %	-61.57 %	-54.27 %	-5.51 %
Quick Ratio TTM	0.69	0.7	0.68	0.78	1.13
Total Ranking TTM	# 4160	# 1679	# 1535	# 4147	# 1936
Seq. Current Liabilities TTM Growth	-21.58 %	-14.06 %	-8.23 %	-3.5 %	12.48 %
Seq. Cash & cash equivalent TTM Growth	-22.59 %	-11.11 %	-20.78 %	-33.16 %	-19.62 %

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

On the trailing twelve months basis In spite of the year on year decrease in SFT's Current Liabilities to $58.81 millions, cumulative Quick Ratio to 0.69 below the SFT average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Automotive Aftermarket industry 25 other companies have achieved higher Quick Ratio than Shift Technologies Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2023 from 1679 to 4160.

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How much Cash & cash equivalents SFT�s has?
What are SFT�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Automotive Aftermarket Industry	# 26
Retail Sector	# 206
Within the Market	# 4160

trailing twelve months Quick Ratio Statistics
High	Average	Low
2.94	1.43	0.66
(Sep 30 2021)		(Dec 31 2022)

Companies with similar Quick Ratio in the quarter ending Jun 30 2023, within Automotive Aftermarket Industry	Quick Ratio	Jun 30 2023 MRQ Cash & cash equivalent	Jun 30 2023 MRQ Current Liabilities
Mister Car Wash Inc	0.73	$ 136.095 Millions	$ 187.108 Millions
Casey s General Stores Inc	0.47	$ 439.112 Millions	$ 933.999 Millions
Driven Brands Holdings Inc	0.41	$ 212.780 Millions	$ 518.983 Millions
Carvana Co	0.40	$ 876.000 Millions	$ 2,179.000 Millions
Shift Technologies Inc	0.40	$ 23.256 Millions	$ 58.813 Millions
Carmax Inc	0.36	$ 770.712 Millions	$ 2,113.971 Millions
Vroom Inc	0.36	$ 237.925 Millions	$ 667.363 Millions
Nextnrg Inc	0.33	$ 1.359 Millions	$ 4.152 Millions
Cosan S a	0.30	$ 2,954.010 Millions	$ 9,884.229 Millions
Marinemax Inc	0.28	$ 226.134 Millions	$ 819.962 Millions
Free Flow Usa Inc	0.21	$ 0.002 Millions	$ 0.009 Millions
Jiuzi Holdings Inc	0.18	$ 1.215 Millions	$ 6.728 Millions
Kaixin Holdings	0.14	$ 2.085 Millions	$ 15.115 Millions
Murphy Usa Inc	0.13	$ 105.900 Millions	$ 815.300 Millions
Allego N v	0.12	$ 49.935 Millions	$ 413.689 Millions
Rush Enterprises Inc	0.12	$ 191.897 Millions	$ 1,620.845 Millions
Yotta Acquisition Corporation	0.11	$ 0.460 Millions	$ 4.355 Millions
Openlane inc	0.10	$ 272.500 Millions	$ 2,646.200 Millions
America s Car mart Inc	0.10	$ 6.314 Millions	$ 62.259 Millions

Date modified: 2026-08-29T17:42:39+00:00

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