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. HanseYachts AG's quick ratio for the quarter that ended in Dec. 2023 was 0.27.
HanseYachts AG has a quick ratio of 0.27. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for HanseYachts AG's Quick Ratio or its related term are showing as below:
FRA:H9Y'
s Quick Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.25 Max: 0.54
Current: 0.27
During the past 13 years, HanseYachts AG's highest Quick Ratio was 0.54. The lowest was 0.16. And the median was 0.25.
FRA:H9Y's Quick Ratio is ranked worse than 95.72% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 1.06
vs FRA:H9Y: 0.27
HanseYachts AG Quick Ratio Historical Data
The historical data trend for HanseYachts 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.
Competitive Comparison of HanseYachts AG's Quick Ratio
For the Recreational Vehicles subindustry, HanseYachts 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.
HanseYachts AG's Quick Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, HanseYachts AG's Quick Ratio distribution charts can be found below:
* The bar in red indicates where HanseYachts AG's Quick Ratio falls into.
HanseYachts 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.
HanseYachts AG's Quick Ratio for the fiscal year that ended in Jun. 2023 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.
HanseYachts AG (FRA:H9Y) 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.
HanseYachts AG Quick Ratio Related Terms
Thank you for viewing the detailed overview of HanseYachts AG's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
HanseYachts AG is the manufacturer of seagoing sailing and motor yachts. The company's business segments include Sailing Yachts; Motor Yachts; Catamarans and others. The Sailing Yachts segment engages in the production and selling of sailing yachts. It offers cruising yachts under the HANSE brand, elegant deck salons or classically designed cruisers under the Moody brand, sporty cruiser racers under the delher brand, and the VA brand. The Motor Yachts segment manufactures motor yachts under brands such as Fjord and Sealine. It generates maximum revenue from the Sailing Yachts segment. Geographically, it operates in Germany, the United States, France, Turkey, the Netherlands, the United Kingdom, Other Europe and others.
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