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. Liberty Formula One Group's quick ratio for the quarter that ended in Dec. 2023 was 2.17.
Liberty Formula One Group has a quick ratio of 2.17. It generally indicates good short-term financial strength.
The historical rank and industry rank for Liberty Formula One Group's Quick Ratio or its related term are showing as below:
FWONA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.86 Med: 1.83 Max: 5.65
Current: 2.17
During the past 13 years, Liberty Formula One Group's highest Quick Ratio was 5.65. The lowest was 0.86. And the median was 1.83.
FWONA's Quick Ratio is ranked better than 68.68% of 1057
companies
in the Media - Diversified industry
Industry Median: 1.46
vs FWONA: 2.17
Liberty Formula One Group Quick Ratio Historical Data
The historical data trend for Liberty Formula One 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.
* Premium members only.
Liberty Formula One Group Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Quick Ratio
1.76
3.27
1.83
2.43
2.17
Liberty Formula One Group Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Quick Ratio
2.43
1.96
1.88
1.67
2.17
Competitive Comparison
For the Entertainment subindustry, Liberty Formula One 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.
Liberty Formula One Group Quick Ratio Distribution
For the Media - Diversified industry and Communication Services sector, Liberty Formula One Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Liberty Formula One Group's Quick Ratio falls into.
Liberty Formula One 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.
Liberty Formula One Group's Quick Ratio for the fiscal year that ended in Dec. 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.
Liberty Formula One Group (NAS:FWONA) 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.
Liberty Formula One Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Liberty Formula One Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Liberty Formula One Group (Liberty Formula One Group) Business Description
Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.
Liberty Formula One Group (Liberty Formula One Group) Headlines
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