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John Lewis of Hungerford (LSE:JLH) Quick Ratio : 0.68 (As of Dec. 2022)


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What is John Lewis of Hungerford 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. John Lewis of Hungerford's quick ratio for the quarter that ended in Dec. 2022 was 0.68.

John Lewis of Hungerford has a quick ratio of 0.68. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for John Lewis of Hungerford's Quick Ratio or its related term are showing as below:

LSE:JLH's Quick Ratio is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 1.18
* Ranked among companies with meaningful Quick Ratio only.

John Lewis of Hungerford Quick Ratio Historical Data

The historical data trend for John Lewis of Hungerford'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.

John Lewis of Hungerford Quick Ratio Chart

John Lewis of Hungerford Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Jun19 Jun20 Jun21 Jun22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.43 0.45 0.68 0.77

John Lewis of Hungerford Semi-Annual Data
Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
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 Premium Member Only Premium Member Only Premium Member Only 0.42 0.68 0.67 0.77 0.68

Competitive Comparison of John Lewis of Hungerford's Quick Ratio

For the Furnishings, Fixtures & Appliances subindustry, John Lewis of Hungerford'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.


John Lewis of Hungerford's Quick Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, John Lewis of Hungerford's Quick Ratio distribution charts can be found below:

* The bar in red indicates where John Lewis of Hungerford's Quick Ratio falls into.



John Lewis of Hungerford 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.

John Lewis of Hungerford's Quick Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Quick Ratio (A: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3.671-0.252)/4.468
=0.77

John Lewis of Hungerford's Quick Ratio for the quarter that ended in Dec. 2022 is calculated as

Quick Ratio (Q: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.708-0.234)/3.639
=0.68

* 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.


John Lewis of Hungerford  (LSE:JLH) 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.


John Lewis of Hungerford Quick Ratio Related Terms

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John Lewis of Hungerford (LSE:JLH) Business Description

Traded in Other Exchanges
N/A
Address
Downsview Road, Grove Business Park, Wantage, Oxfordshire, GBR, OX12 9FA
John Lewis of Hungerford PLC is a UK-based company that designs, manufactures, retails, and installs kitchens, bedrooms, freestanding furniture, and architectural components for its customers through its showrooms across the United Kingdom. It also operates an online business under the name of Just Doors for replacement kitchen cabinet doors. The company offers furniture such as Dressers, Tables, Chairs, and others, as well as painted kitchen collections and fitted bedroom collections. It operates its business in single-segment, being Manufacture, supplying, and installation of kitchen units, bedrooms, and furniture. The group's revenue is derived from the UK.

John Lewis of Hungerford (LSE:JLH) Headlines

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