Sparta Commercial Services Inc 's Quick Ratio

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

In the wake of the increase in Current Liabilities in the first quarter 2024, Quick Ratio fell to 0.01 below Sparta Commercial Services Inc average.

Within Professional Services industry 103 other companies have achieved higher Quick Ratio than Sparta Commercial Services Inc in first quarter 2024. While Quick Ratio total ranking has improved so far during the I Quarter 2024 to 3568, from total ranking in the forth quarter 2024 at 4164.

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How much Cash & cash equivalents SRCO´s has?
What are SRCO´s Current Liabilities?

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Quick Ratio ▼

SRCO Quick Ratio	(Jul 31 2024) I. Quarter	(Apr 30 2024) IV. Quarter	(Jan 31 2024) III. Quarter	(Oct 31 2023) II. Quarter	(Jul 31 2023) I. Quarter
Y / Y Current Liabilities Change	0.8 %	-7.2 %	-27.33 %	-34.44 %	-45.98 %
Y / Y Cash & cash equivalent Change	1322.09 %	2406.28 %	785.13 %	229.39 %	1003.22 %
Quick Ratio MRQ	0.01	0.01	0	0	0
SRCO's Total Ranking	# 3568	# 4164	# 5376	# 5652	# 5900
Seq. Current Liabilities Change	6.5 %	-6.7 %	-1.53 %	3.03 %	-1.95 %
Seq. Cash & cash equivalent Change	35.2 %	1763.63 %	18.74 %	-52.47 %	138.28 %

New: More SRCO's historic Quick Ratios >>

Quick Ratio first quarter 2024 Company Ranking
Within:	No.
Professional Services Industry	# 104
Services Sector	# 462
Overall Market	# 3528

Quick Ratio Statistics
High	Average	Low
0.06	0.01	0
(Oct 31 2014)		(Apr 30 2019)

Financial Statements
Sparta Commercial Services Inc 's Current Liabilities	$ 10 Millions	Visit SRCO's Balance sheet
Sparta Commercial Services Inc 's Cash & cash equivalent	$ 0 Millions	Visit SRCO's Balance sheet
Source of SRCO's Sales		Visit SRCO's Sales by Geography

Cumulative Sparta Commercial Services Inc 's Quick Ratio

SRCO's Quick Ratio for the trailling 12 Months

SRCO Quick Ratio	(Jul 31 2024) I. Quarter	(Apr 30 2024) IV. Quarter	(Jan 31 2024) III. Quarter	(Oct 31 2023) II. Quarter	(Jul 31 2023) I. Quarter
Y / Y Current Liabilities TTM Growth	0.8 %	-7.2 %	-27.33 %	-34.44 %	-45.98 %
Y / Y Cash & cash equivalent TTM Growth	1322.09 %	2406.28 %	785.13 %	229.39 %	1003.22 %
Quick Ratio TTM	0.01	0	0	0	0
Total Ranking TTM	# 3102	# 3461	# 4091	# 4317	# 4709
Seq. Current Liabilities TTM Growth	6.5 %	-6.7 %	-1.53 %	3.03 %	-1.95 %
Seq. Cash & cash equivalent TTM Growth	35.2 %	1763.63 %	18.74 %	-52.47 %	138.28 %

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

On the trailing twelve months basis SRCO Cash & cash equivalent more than doubled by 1322.09 % in I Quarter 2024 year on year, faster than Current Liabilities, this led to