Current Liabilities decreased faster than Takung Art Co Ltd's Cash & cash equivalent, this led to improvement in Takung Art Co Ltd's Quick Ratio to 9.98 a new company high.

Within Specialty Retail industry Takung Art Co Ltd booked the highest Quick Ratio than Takung Art Co Ltd in the second quarter 2023. While Quick Ratio total ranking has improved so far during the Q2 2023 to 405, from total ranking in the first quarter 2023 at 964.

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TKAT 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	-42.02 %	78.9 %	42.37 %	-81.57 %	-62.8 %
Y / Y Cash & cash equivalent Change	95.59 %	4167.45 %	4134.83 %	1.07 %	33.92 %
Quick Ratio MRQ	9.98	3.91	5.04	5.42	2.96
TKAT's Total Ranking	# 405	# 964	# 711	# 760	# 1213
Seq. Current Liabilities Change	-61.87 %	32.31 %	9.17 %	5.29 %	17.64 %
Seq. Cash & cash equivalent Change	-2.75 %	2.8 %	1.42 %	92.89 %	2021.87 %

Quick Ratio second quarter 2023 Company Ranking
Within:	No.
Specialty Retail Industry	# 1
Retail Sector	# 1
Overall Market	# 405

Quick Ratio Statistics
High	Average	Low
9.98	1.52	0
(Jun 30 2023)		(Jun 30 2014)

Financial Statements
Takung Art Co Ltd's Current Liabilities	$ 6 Millions	Visit TKAT's Balance sheet
Takung Art Co Ltd's Cash & cash equivalent	$ 64 Millions	Visit TKAT's Balance sheet
Source of TKAT's Sales		Visit TKAT's Sales by Geography

Cumulative Takung Art Co Ltd's Quick Ratio

TKAT's Quick Ratio for the trailling 12 Months

TKAT 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	-48.59 %	-53.05 %	-63.51 %	-68.86 %	4.94 %
Y / Y Cash & cash equivalent TTM Growth	161.58 %	150.91 %	54.67 %	-11.75 %	51.24 %
Quick Ratio TTM	5.4	4.32	3.6	2.41	1.06
Total Ranking TTM	# 3788	# 3861	# 4281	# 1153	# 4138
Seq. Current Liabilities TTM Growth	-8.9 %	16.55 %	9.22 %	-55.67 %	-16.79 %
Seq. Cash & cash equivalent TTM Growth	13.86 %	39.82 %	63.2 %	0.68 %	9.21 %

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

On the trailing twelve months basis TKAT Cash & cash equivalent soared by 95.59 % in Q2 2023 year on year, while Current Liabilities dropped to $6 millions, this led to increase in in Takung Art Co Ltd's Quick Ratio to 5.4, above TKAT average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Specialty Retail industry 40 other companies have achieved higher Quick Ratio than Takung Art Co Ltd. While Quick Ratio overall ranking has improved so far to 3788, from total ranking during the twelve months ending first quarter 2023 at 3861.

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How much Cash & cash equivalents TKAT�s has?
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TTM Quick Ratio Company Ranking
Within:	No.
Within the Specialty Retail Industry	# 41
Retail Sector	# 175
Within the Market	# 3788

trailing twelve months Quick Ratio Statistics
High	Average	Low
4.52	1.32	0.78
(Jun 30 2023)		(Mar 31 2021)

Companies with similar Quick Ratio in the quarter ending Jun 30 2023, within Specialty Retail Industry	Quick Ratio	Jun 30 2023 MRQ Cash & cash equivalent	Jun 30 2023 MRQ Current Liabilities
Takung Art Co Ltd	9.98	$ 63.643 Millions	$ 6.376 Millions
Rent The Runway Inc	5.89	$ 123.700 Millions	$ 21.000 Millions
Jeffs Brands Ltd	3.20	$ 2.153 Millions	$ 0.673 Millions
Winmark Corporation	3.20	$ 32.377 Millions	$ 10.125 Millions
Cimg Inc	2.73	$ 3.280 Millions	$ 1.202 Millions
Envela Corporation	2.10	$ 18.381 Millions	$ 8.771 Millions
Bark Inc	2.03	$ 163.923 Millions	$ 80.593 Millions
Brilliant Earth Group Inc	2.02	$ 149.605 Millions	$ 74.150 Millions

Date modified: 2026-09-18T13:11:05+00:00

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