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. Buffalo Wild Wings's quick ratio for the quarter that ended in Sep. 2017 was 0.61.
Buffalo Wild Wings has a quick ratio of 0.61. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Buffalo Wild Wings's Quick Ratio or its related term are showing as below:
BWLD's Quick Ratio is not ranked *
in the Restaurants industry.
Industry Median: 0.9 * Ranked among companies with meaningful Quick Ratio only.
Buffalo Wild Wings Quick Ratio Historical Data
The historical data trend for Buffalo Wild Wings'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.
Competitive Comparison of Buffalo Wild Wings's Quick Ratio
For the Restaurants subindustry, Buffalo Wild Wings'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.
Buffalo Wild Wings's Quick Ratio Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Buffalo Wild Wings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Buffalo Wild Wings's Quick Ratio falls into.
Buffalo Wild Wings 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.
Buffalo Wild Wings's Quick Ratio for the fiscal year that ended in Dec. 2016 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.
Buffalo Wild Wings (NAS:BWLD) 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.
Buffalo Wild Wings Quick Ratio Related Terms
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Buffalo Wild Wings (Buffalo Wild Wings) Business Description
Buffalo Wild Wings operates and franchises restaurants under the names Buffalo Wild Wings, R Taco, and PizzaRev. The Buffalo Wild Wings restaurants, which provide the vast majority of company revenue, have sports-bar atmospheres and feature Buffalo-style chicken wings. The restaurants are designed for group gatherings and feature projection screens and dozens of televisions. About half of the company's restaurants are franchised. The company has a centralized supply chain that serves all company-owned and franchised restaurants. The majority of its restaurants are in the United States, but the company has a small presence in Canada and Mexico and is expanding to the Middle East and Asia.
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