Ten Lifestyle Group (LSE:TENG) Quick Ratio : 0.88 (As of Feb. 2024)

Ten Lifestyle Group Quick Ratio Chart

Ten Lifestyle Group Annual Data
	Trend	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Quick Ratio		Get a 7-Day Free Trial				1.75	1.13	0.91	0.80	0.81

Ten Lifestyle Group Semi-Annual Data
	Aug15	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Quick Ratio	Get a 7-Day Free Trial											0.78	0.80	0.82	0.81	0.88

Competitive Comparison of Ten Lifestyle Group's Quick Ratio

For the Travel Services subindustry, Ten Lifestyle Group'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.

Ten Lifestyle Group's Quick Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ten Lifestyle Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Ten Lifestyle Group's Quick Ratio falls into.

Ten Lifestyle Group 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.

Ten Lifestyle Group's Quick Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Ten Lifestyle Group's Quick Ratio for the quarter that ended in Feb. 2024 is calculated as

* 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.

Ten Lifestyle Group  (LSE:TENG) 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.

Ten Lifestyle Group Quick Ratio Related Terms

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Ten Lifestyle Group (LSE:TENG) Business Description