In the wake of the increase in Current Liabilities in the third quarter 2023, Quick Ratio fell to 0.17 below Tingo Group Inc average.

Within Food Processing industry 36 other companies have achieved higher Quick Ratio than Tingo Group Inc in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 3952 to 4229.

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TIO Quick Ratio	(Sep 30 2023) Q3	(Jun 30 2023) Q2	(Mar 31 2023) Q1	(Dec 31 2022) Q4	(Sep 30 2022) Q3
Y / Y Current Liabilities Change	1528.25 %	1460.11 %	2508.88 %	1143.98 %	-17.23 %
Y / Y Cash & cash equivalent Change	-21.45 %	-30.06 %	802.46 %	417.82 %	-35.08 %
Quick Ratio MRQ	0.17	0.18	1.39	1.55	3.48
TIO's Total Ranking	# 4229	# 3952	# 1580	# 1324	# 894
Seq. Current Liabilities Change	10.25 %	-48.27 %	73.4 %	1546.4 %	5.63 %
Seq. Cash & cash equivalent Change	0.93 %	-93.18 %	55.93 %	631.98 %	-10.13 %

Quick Ratio third quarter 2023 Company Ranking
Within:	No.
Food Processing Industry	# 37
Consumer Non Cyclical Sector	# 129
Overall Market	# 4229

Quick Ratio Statistics
High	Average	Low
10.88	1.73	0.02
(Dec 31 2019)		(Jun 30 2019)

Financial Statements
Tingo Group Inc 's Current Liabilities	$ 320 Millions	Visit TIO's Balance sheet
Tingo Group Inc 's Cash & cash equivalent	$ 54 Millions	Visit TIO's Balance sheet
Source of TIO's Sales		Visit TIO's Sales by Geography

Cumulative Tingo Group Inc 's Quick Ratio

TIO's Quick Ratio for the trailling 12 Months

TIO Quick Ratio	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months	(Dec 31 2022) 12 Months	(Sep 30 2022) 12 Months
Y / Y Current Liabilities TTM Growth	1642.81 %	1229.23 %	966.44 %	365.72 %	27.16 %
Y / Y Cash & cash equivalent TTM Growth	323.66 %	284.74 %	253.97 %	77.89 %	-4.65 %
Quick Ratio TTM	0.93	1.17	1.54	1.91	3.82
Total Ranking TTM	# 4429	# 4079	# 3988	# 3973	# 3610
Seq. Current Liabilities TTM Growth	25.14 %	29.43 %	140.75 %	346.91 %	-4.55 %
Seq. Cash & cash equivalent TTM Growth	-1.05 %	-1.6 %	94.88 %	123.28 %	-10.14 %

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

On the trailing twelve months basis Due to increase in Current Liabilities in the Q3 2023 to $320.21 millions, cumulative Quick Ratio decreased to 0.93 below the Tingo Group Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Food Processing industry 52 other companies have achieved higher Quick Ratio than Tingo Group Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 4079 to 4429.

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

TTM Quick Ratio Company Ranking
Within:	No.
Within the Food Processing Industry	# 53
Consumer Non Cyclical Sector	# 196
Within the Market	# 4429

trailing twelve months Quick Ratio Statistics
High	Average	Low
7.28	1.64	0.15
(Jun 30 2021)		(Dec 31 2017)

Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Food Processing Industry	Quick Ratio	Sep 30 2023 MRQ Cash & cash equivalent	Sep 30 2023 MRQ Current Liabilities
B and g Foods inc	0.46	$ 359.926 Millions	$ 785.486 Millions
The Marzetti Company	0.44	$ 73.746 Millions	$ 167.208 Millions
Oatly Group Ab	0.43	$ 251.804 Millions	$ 583.655 Millions
Mama s Creations Inc	0.42	$ 5.625 Millions	$ 13.542 Millions
Barfresh Food Group Inc	0.38	$ 1.011 Millions	$ 2.660 Millions
Pilgrim s Pride Corporation	0.37	$ 939.117 Millions	$ 2,531.317 Millions
Hormel Foods Corporation	0.33	$ 753.196 Millions	$ 2,315.691 Millions
Whole Earth Brands Inc	0.28	$ 24.249 Millions	$ 85.278 Millions
J and j Snack Foods Corp	0.28	$ 49.581 Millions	$ 174.944 Millions
Utz Brands Inc	0.27	$ 60.094 Millions	$ 219.294 Millions
The Hain Celestial Group Inc	0.26	$ 38.280 Millions	$ 149.859 Millions
Ingredion Incorporated	0.20	$ 341.000 Millions	$ 1,668.000 Millions
Bellring Brands Inc	0.17	$ 48.400 Millions	$ 276.900 Millions
Coffee Holding Co Inc	0.17	$ 2.734 Millions	$ 16.138 Millions
Kellanova	0.17	$ 1,099.000 Millions	$ 6,524.000 Millions
Tingo Group Inc	0.17	$ 53.691 Millions	$ 320.212 Millions
Post Holdings Inc	0.14	$ 117.200 Millions	$ 818.100 Millions
Lamb Weston Holdings Inc	0.14	$ 163.300 Millions	$ 1,144.600 Millions
Kraft Heinz Co	0.13	$ 1,052.000 Millions	$ 7,804.000 Millions
Nomad Foods Limited	0.11	$ 323.341 Millions	$ 3,064.068 Millions
Forafric Global Plc	0.09	$ 24.021 Millions	$ 253.259 Millions
Tyson Foods Inc	0.09	$ 573.000 Millions	$ 6,630.000 Millions
General Mills Inc	0.07	$ 490.900 Millions	$ 7,067.800 Millions
Wk Kellogg Co	0.07	$ 64.000 Millions	$ 931.000 Millions
Farmer Brothers Co	0.06	$ 4.038 Millions	$ 68.620 Millions
Mccormick and Company Incorporated	0.05	$ 154.700 Millions	$ 3,171.000 Millions
Ricebran Technologies	0.05	$ 0.466 Millions	$ 10.039 Millions
The Campbells Company	0.04	$ 91.000 Millions	$ 2,310.000 Millions

Date modified: 2026-09-02T18:20:20+00:00

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