Hirequest Quick Ratio from 2010 to 2024

HQI Stock  USD 12.48  0.37  2.88%   
Hirequest's Quick Ratio is decreasing with slightly volatile movements from year to year. Quick Ratio is predicted to flatten to 1.26. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
1.33079443
Current Value
1.26
Quarterly Volatility
1.41203823
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Hirequest financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hirequest main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.9 M, Interest Expense of 1.5 M or Total Revenue of 59.1 M, as well as many exotic indicators such as Price To Sales Ratio of 5.29, Dividend Yield of 0.0105 or PTB Ratio of 5.83. Hirequest financial statements analysis is a perfect complement when working with Hirequest Valuation or Volatility modules.
  
This module can also supplement various Hirequest Technical models . Check out the analysis of Hirequest Correlation against competitors.
For more detail on how to invest in Hirequest Stock please use our How to Invest in Hirequest guide.

Latest Hirequest's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of Hirequest over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Hirequest's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hirequest's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Slightly volatile
   Quick Ratio   
       Timeline  

Hirequest Quick Ratio Regression Statistics

Arithmetic Mean3.09
Geometric Mean2.65
Coefficient Of Variation45.74
Mean Deviation1.21
Median3.90
Standard Deviation1.41
Sample Variance1.99
Range4.0914
R-Value(0.40)
Mean Square Error1.81
R-Squared0.16
Significance0.14
Slope(0.13)
Total Sum of Squares27.91

Hirequest Quick Ratio History

2024 1.26
2023 1.33
2022 1.34
2021 1.91
2020 3.93
2018 3.25

About Hirequest Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Hirequest income statement, its balance sheet, and the statement of cash flows. Hirequest investors use historical funamental indicators, such as Hirequest's Quick Ratio, to determine how well the company is positioned to perform in the future. Although Hirequest investors may use each financial statement separately, they are all related. The changes in Hirequest's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hirequest's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Hirequest Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Hirequest. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Quick Ratio 1.33  1.26 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hirequest in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hirequest's short interest history, or implied volatility extrapolated from Hirequest options trading.

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When determining whether Hirequest offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hirequest's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hirequest Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hirequest Stock:
Check out the analysis of Hirequest Correlation against competitors.
For more detail on how to invest in Hirequest Stock please use our How to Invest in Hirequest guide.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running Hirequest's price analysis, check to measure Hirequest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hirequest is operating at the current time. Most of Hirequest's value examination focuses on studying past and present price action to predict the probability of Hirequest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hirequest's price. Additionally, you may evaluate how the addition of Hirequest to your portfolios can decrease your overall portfolio volatility.
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Is Hirequest's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hirequest. If investors know Hirequest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hirequest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.65)
Dividend Share
0.24
Earnings Share
0.47
Revenue Per Share
2.758
Quarterly Revenue Growth
0.212
The market value of Hirequest is measured differently than its book value, which is the value of Hirequest that is recorded on the company's balance sheet. Investors also form their own opinion of Hirequest's value that differs from its market value or its book value, called intrinsic value, which is Hirequest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hirequest's market value can be influenced by many factors that don't directly affect Hirequest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hirequest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hirequest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hirequest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.