SELECT * FROM `stock_list` where symbol='TFG' AND exchange = 'JSE' limit 0,1 SELECT * FROM `stock_list` where symbol='TFG' AND exchange = 'JSE' limit 0,1 SELECT * FROM `stock_list` WHERE `symbol` = "TFG" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1
Foschini Group (JSE:TFG) 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. Foschini Group's quick ratio for the quarter that ended in Sep. 2023 was 0.89.
Foschini Group has a quick ratio of 0.89. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Foschini Group's Quick Ratio or its related term are showing as below:
JSE:TFG'
s Quick Ratio Range Over the Past 10 Years
Min: 0.82 Med: 1.1 Max: 3.08
Current: 0.89
During the past 13 years, Foschini Group's highest Quick Ratio was 3.08. The lowest was 0.82. And the median was 1.10.
JSE:TFG's Quick Ratio is ranked better than 51.3% of 1115
companies
in the Retail - Cyclical industry
Industry Median: 0.86
vs JSE:TFG: 0.89
Foschini Group Quick Ratio Historical Data
The historical data trend for Foschini Group'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 Foschini Group's Quick Ratio
For the Specialty Retail subindustry, Foschini 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.
Foschini Group's Quick Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Foschini Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Foschini Group's Quick Ratio falls into.
Foschini 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.
Foschini Group's Quick Ratio for the fiscal year that ended in Mar. 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.
Foschini Group (JSE:TFG) 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.
Foschini Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Foschini Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Foschini Group Ltd is a South African fashion retailer. The company offers ladieswear, footwear, accessories, cosmetics and fragrances, kidswear, homewares, sportswear, cellular and jewelry mainly in South Africa, as well as financial services. The Foschini Group portfolio consists of multiple brands, including @home, @homelivingpace, American Swiss, Sterns, Charles and Keith, Colette, DonnaClaire, Phase Eight, Soda Bloc, Duesouth, Exact, Fabiani, The Fix, Foschini, G-star Raw, hi, Markham, Mat and May, and Whistles. The Group consists of four operating segments: TFG Africa retail division, TFG London, TFG Australia, and Credit.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
JSE:TFG has been successfully added to your 