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Intercontinental International Real Estate Investment Co (ATH:INTERCO) Quick Ratio : 18.15 (As of Jun. 2023)


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What is Intercontinental International Real Estate Investment Co Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Intercontinental International Real Estate Investment Co's quick ratio for the quarter that ended in Jun. 2023 was 18.15.

Intercontinental International Real Estate Investment Co has a quick ratio of 18.15. It generally indicates good short-term financial strength.

The historical rank and industry rank for Intercontinental International Real Estate Investment Co's Quick Ratio or its related term are showing as below:

ATH:INTERCO' s Quick Ratio Range Over the Past 10 Years
Min: 1.01   Med: 4.11   Max: 23.63
Current: 18.15

During the past 10 years, Intercontinental International Real Estate Investment Co's highest Quick Ratio was 23.63. The lowest was 1.01. And the median was 4.11.

ATH:INTERCO's Quick Ratio is ranked better than
94.71% of 718 companies
in the REITs industry
Industry Median: 0.95 vs ATH:INTERCO: 18.15

Intercontinental International Real Estate Investment Co Quick Ratio Historical Data

The historical data trend for Intercontinental International Real Estate Investment Co's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Intercontinental International Real Estate Investment Co Quick Ratio Chart

Intercontinental International Real Estate Investment Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.19 3.76 4.46 1.19 23.63

Intercontinental International Real Estate Investment Co Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.33 1.19 1.26 23.63 18.15

Competitive Comparison of Intercontinental International Real Estate Investment Co's Quick Ratio

For the REIT - Diversified subindustry, Intercontinental International Real Estate Investment Co's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Intercontinental International Real Estate Investment Co's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Intercontinental International Real Estate Investment Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Intercontinental International Real Estate Investment Co's Quick Ratio falls into.



Intercontinental International Real Estate Investment Co Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Intercontinental International Real Estate Investment Co's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(66.779-0)/2.826
=23.63

Intercontinental International Real Estate Investment Co's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(65.903-0)/3.632
=18.15

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Intercontinental International Real Estate Investment Co  (ATH:INTERCO) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Intercontinental International Real Estate Investment Co Quick Ratio Related Terms

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Intercontinental International Real Estate Investment Co (ATH:INTERCO) Business Description

Traded in Other Exchanges
N/A
Address
26, Rigillis, Palace, 3rd Floor, Athens, GRC, 10674
Intercontinental International Real Estate Investment Co SA is a real estate investment company. The company's investments in real estate include owned land plots and buildings that are used mostly as offices and retail shops.

Intercontinental International Real Estate Investment Co (ATH:INTERCO) Headlines

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