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Spar Group Inc   (NASDAQ: SGRP)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services

Spar Group Inc 's Quick Ratio

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


Regardless of the sequential decrease in Current Liabilities, during the third quarter 2024, Quick Ratio deteriorated to 0.57 above company average Quick Ratio.

Within Professional Services industry 50 other companies have achieved higher Quick Ratio than Spar Group Inc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 1375 to 2023.

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


SGRP 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 -34.39 % -28.25 % 2.66 % -10.98 % -15.15 %
Y / Y Cash & cash equivalent Change - - - 14.7 % -
Quick Ratio MRQ 0.57 0.59 0.3 0.22 -
SGRP's Total Ranking # 2023 # 1375 # 1790 # 2354 # 0
Seq. Current Liabilities Change -7.21 % -32.86 % 13.3 % -7.05 % 1.47 %
Seq. Cash & cash equivalent Change -9.42 % 30.46 % 55.14 % - -



Quick Ratio third quarter 2024 Company Ranking
Within: No.
Professional Services Industry # 51
Services Sector # 207
Overall Market # 2023


Quick Ratio Statistics
High Average Low
0.59 0.28 0.13
(Jun 30 2024)   (Dec 31 2012)




Financial Statements
Spar Group Inc 's Current Liabilities $ 34 Millions Visit SGRP's Balance sheet
Spar Group Inc 's Cash & cash equivalent $ 20 Millions Visit SGRP's Balance sheet
Source of SGRP's Sales Visit SGRP's Sales by Geography


Cumulative Spar Group Inc 's Quick Ratio

SGRP's Quick Ratio for the trailling 12 Months

SGRP 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 -34.39 % -28.25 % 2.66 % -10.98 % -15.15 %
Y / Y Cash & cash equivalent TTM Growth - - - 14.7 % -
Quick Ratio TTM 0.39 0.25 0.13 0.05 0.04
Total Ranking TTM # 3303 # 2337 # 1709 # 2920 # 3858
Seq. Current Liabilities TTM Growth -7.21 % -32.86 % 13.3 % -7.05 % 1.47 %
Seq. Cash & cash equivalent TTM Growth -9.42 % 30.46 % 55.14 % - -


On the trailing twelve months basis SGRP Cash & cash equivalent decreased by -9.42 % in Q3 2024 year on year, while Current Liabilities decreased to $34 millions, this led to increase in in Spar Group Inc 's Quick Ratio to 0.39, above SGRP average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Professional Services industry 113 other companies have achieved higher Quick Ratio than Spar Group Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 2337 to 3303.

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

TTM Quick Ratio Company Ranking
Within: No.
Within the Professional Services Industry # 114
Services Sector # 455
Within the Market # 3303


trailing twelve months Quick Ratio Statistics
High Average Low
0.4 0.24 0.04
(June 30. 2016)   (Dec 31 2022)




Companies with similar Quick Ratio in the quarter ending Sep 30 2024, within Professional Services Industry Quick RatioSep 30 2024 MRQ Cash & cash equivalentSep 30 2024 MRQ Current Liabilities
Marchex Inc   1.39 $ 12.078  Millions$ 8.664  Millions
Heritage Global Inc   1.33 $ 26.571  Millions$ 19.918  Millions
Paypal Holdings Inc   1.31 $ 11,919.000  Millions$ 9,086.000  Millions
Resources Connection Inc   1.30 $ 89.625  Millions$ 69.049  Millions
Exlservice Holdings Inc   1.28 $ 325.750  Millions$ 254.185  Millions
Zoned Properties Inc  1.25 $ 1.154  Millions$ 0.924  Millions
Mays J W Inc  1.23 $ 2.316  Millions$ 1.881  Millions
Doordash Inc   1.21 $ 4,964.000  Millions$ 4,094.000  Millions
Hudson Global Inc   1.21 $ 15.835  Millions$ 13.141  Millions
Optimizerx Corp  1.14 $ 16.488  Millions$ 14.502  Millions
Remitly Global Inc   1.00 $ 324.434  Millions$ 324.095  Millions
Fintech Scion Limited  0.97 $ 4.015  Millions$ 4.129  Millions
Phreesia Inc   0.95 $ 81.740  Millions$ 85.992  Millions
Uber Technologies Inc   0.92 $ 9,996.000  Millions$ 10,835.000  Millions
Piedmont Office Realty Trust Inc   0.89 $ 133.624  Millions$ 150.648  Millions
Akamai Technologies Inc  0.86 $ 1,699.205  Millions$ 1,983.023  Millions
Sezzle Inc   0.83 $ 80.063  Millions$ 96.879  Millions
The Intergroup Corporation  0.82 $ 13.201  Millions$ 16.061  Millions
Asiafin Holdings Corp   0.79 $ 0.859  Millions$ 1.081  Millions
Emerald Holding Inc   0.77 $ 188.900  Millions$ 246.500  Millions
Mastercard Incorporated  0.75 $ 12,931.000  Millions$ 17,294.000  Millions
Acv Auctions Inc   0.72 $ 287.752  Millions$ 400.740  Millions
I3 Verticals Inc   0.71 $ 86.541  Millions$ 122.197  Millions
Nutex Health Inc   0.69 $ 46.909  Millions$ 67.559  Millions
Wns holdings Limited  0.69 $ 227.985  Millions$ 331.857  Millions
Spar Group Inc   0.57 $ 19.652  Millions$ 34.280  Millions
Mercadolibre Inc   0.56 $ 7,989.000  Millions$ 14,313.000  Millions
Rb Global Inc  0.55 $ 790.100  Millions$ 1,449.100  Millions
Performant Financial Corporation  0.54 $ 7.775  Millions$ 14.368  Millions
Cross Country Healthcare Inc  0.54 $ 64.021  Millions$ 118.617  Millions

Date modified: 2024-11-16T05:51:21+00:00



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