Layne Christensen Co (Layne Christensen Co) Quick Ratio : 0.85 (As of Apr. 2018)

Layne Christensen Co Quick Ratio Chart

Layne Christensen Co Annual Data
	Trend	Jan09	Jan10	Jan11	Jan12	Jan13	Jan14	Jan15	Jan16	Jan17	Jan18
Quick Ratio		Get a 7-Day Free Trial					1.46	1.42	1.72	1.60	0.86

Layne Christensen Co Quarterly Data
	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18
Quick Ratio	Get a 7-Day Free Trial															1.53	1.38	1.32	0.86	0.85

Competitive Comparison of Layne Christensen Co's Quick Ratio

For the Engineering & Construction subindustry, Layne Christensen Co'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.

Layne Christensen Co's Quick Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Layne Christensen Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Layne Christensen Co's Quick Ratio falls into.

Layne Christensen Co 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.

Layne Christensen Co's Quick Ratio for the fiscal year that ended in Jan. 2018 is calculated as

Layne Christensen Co's Quick Ratio for the quarter that ended in Apr. 2018 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.

Layne Christensen Co  (NAS:LAYN) 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.

Layne Christensen Co Quick Ratio Related Terms

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Layne Christensen Co (Layne Christensen Co) Business Description