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Vimi Fasteners SpA (MIL:VIM) Quick Ratio : 0.65 (As of Jun. 2023)


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What is Vimi Fasteners SpA 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. Vimi Fasteners SpA's quick ratio for the quarter that ended in Jun. 2023 was 0.65.

Vimi Fasteners SpA has a quick ratio of 0.65. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Vimi Fasteners SpA's Quick Ratio or its related term are showing as below:

MIL:VIM' s Quick Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.79   Max: 1.03
Current: 0.65

During the past 8 years, Vimi Fasteners SpA's highest Quick Ratio was 1.03. The lowest was 0.52. And the median was 0.79.

MIL:VIM's Quick Ratio is ranked worse than
87.62% of 3028 companies
in the Industrial Products industry
Industry Median: 1.39 vs MIL:VIM: 0.65

Vimi Fasteners SpA Quick Ratio Historical Data

The historical data trend for Vimi Fasteners SpA'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.

Vimi Fasteners SpA Quick Ratio Chart

Vimi Fasteners SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Quick Ratio
Get a 7-Day Free Trial 1.00 0.79 0.97 0.64 0.52

Vimi Fasteners SpA Semi-Annual Data
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 0.63 0.64 0.56 0.52 0.65

Competitive Comparison of Vimi Fasteners SpA's Quick Ratio

For the Tools & Accessories subindustry, Vimi Fasteners SpA'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.


Vimi Fasteners SpA's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vimi Fasteners SpA's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Vimi Fasteners SpA's Quick Ratio falls into.



Vimi Fasteners SpA 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.

Vimi Fasteners SpA'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
=(25.636-12.964)/24.213
=0.52

Vimi Fasteners SpA'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
=(36.088-15.464)/31.52
=0.65

* 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.


Vimi Fasteners SpA  (MIL:VIM) 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.


Vimi Fasteners SpA Quick Ratio Related Terms

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Vimi Fasteners SpA (MIL:VIM) Business Description

Traded in Other Exchanges
N/A
Address
Via Labriola, 19, Novellara, Reggio Emilia, ITA, 42017
Vimi Fasteners SpA is an Italy based company. It is engaged in design and manufacture of mechanical fasteners. The company serves different markets namely Automotive, Industrial Engines and Vehicles, Oil and Gas and Aerospace and Motorsport. The company offers Turbocharger, Engine, Manifold and Exhaust System, Power Transmission, Braking System and Suspension and Wheel. The company products are crankcase screws and studs, cylinder head screws, flywheel bolts and others.

Vimi Fasteners SpA (MIL:VIM) Headlines

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