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Biogena Group Invest AG (WBO:BIO) Quick Ratio : 3.78 (As of Jan. 2024)


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What is Biogena Group Invest AG 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. Biogena Group Invest AG's quick ratio for the quarter that ended in Jan. 2024 was 3.78.

Biogena Group Invest AG has a quick ratio of 3.78. It generally indicates good short-term financial strength.

The historical rank and industry rank for Biogena Group Invest AG's Quick Ratio or its related term are showing as below:

WBO:BIO' s Quick Ratio Range Over the Past 10 Years
Min: 3.78   Med: 8.78   Max: 24.27
Current: 3.78

During the past 4 years, Biogena Group Invest AG's highest Quick Ratio was 24.27. The lowest was 3.78. And the median was 8.78.

WBO:BIO's Quick Ratio is ranked better than
89.17% of 1912 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs WBO:BIO: 3.78

Biogena Group Invest AG Quick Ratio Historical Data

The historical data trend for Biogena Group Invest AG'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.

Biogena Group Invest AG Quick Ratio Chart

Biogena Group Invest AG Annual Data
Trend Jan21 Jan22 Jan23 Jan24
Quick Ratio
6.06 24.27 11.49 3.78

Biogena Group Invest AG Semi-Annual Data
Jan21 Jan22 Jan23 Jan24
Quick Ratio 6.06 24.27 11.49 3.78

Competitive Comparison of Biogena Group Invest AG's Quick Ratio

For the Packaged Foods subindustry, Biogena Group Invest AG'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.


Biogena Group Invest AG's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Biogena Group Invest AG's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Biogena Group Invest AG's Quick Ratio falls into.



Biogena Group Invest AG 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.

Biogena Group Invest AG's Quick Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Quick Ratio (A: Jan. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.343-0)/0.355
=3.78

Biogena Group Invest AG's Quick Ratio for the quarter that ended in Jan. 2024 is calculated as

Quick Ratio (Q: Jan. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.343-0)/0.355
=3.78

* 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.


Biogena Group Invest AG  (WBO:BIO) 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.


Biogena Group Invest AG Quick Ratio Related Terms

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Biogena Group Invest AG (WBO:BIO) Business Description

Traded in Other Exchanges
N/A
Address
Strubergasse 24, Salzburg, AUT, 5020
Biogena Group Invest AG is a holding company. It is engaged in the development and distribution of products and services in the field of health and nutrition. In particular, the focus is on iron, mineral and osteoporosis product innovations and new integrated solutions in the area of workplace health promotion. Its products include vitamin, mineral, enzymes, medicinal mushrooms, among others.