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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. TravelCenters Of America's quick ratio for the quarter that ended in Mar. 2023 was 1.16.
TravelCenters Of America has a quick ratio of 1.16. It generally indicates good short-term financial strength.
The historical rank and industry rank for TravelCenters Of America's Quick Ratio or its related term are showing as below:
During the past 13 years, TravelCenters Of America's highest Quick Ratio was 1.62. The lowest was 0.44. And the median was 1.02.
The historical data trend for TravelCenters Of America'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.
TravelCenters Of America Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.55 | 0.57 | 1.38 | 1.32 | 1.15 |
TravelCenters Of America Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Quick Ratio | Get a 7-Day Free Trial | 1.20 | 1.15 | 1.13 | 1.15 | 1.16 |
For the Specialty Retail subindustry, TravelCenters Of America'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.
For the Retail - Cyclical industry and Consumer Cyclical sector, TravelCenters Of America's Quick Ratio distribution charts can be found below:
* The bar in red indicates where TravelCenters Of America's Quick Ratio falls into.
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.
TravelCenters Of America's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Quick Ratio (A: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (941.9 | - | 272.074) | / | 583.649 | |
= | 1.15 |
TravelCenters Of America's Quick Ratio for the quarter that ended in Mar. 2023 is calculated as
Quick Ratio (Q: Mar. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (882.407 | - | 252.455) | / | 541.097 | |
= | 1.16 |
* 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.
TravelCenters Of America (NAS:TA) 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.
Thank you for viewing the detailed overview of TravelCenters Of America's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael J. Barton | officer: SVP and CAO | C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145 |
Mark R Young | officer: EVP & General Counsel | C/O REIT MANAGEMENT AND RESEARCH LLC, 400 CENTRE STREET, NEWTON MA 02458 |
Barry A. Richards | officer: Executive Vice President | C/O REIT MANAGEMENT & RESEARCH LLC, 400 CENTRE STREET, NEWTON MA 02458 |
Peter J Crage | officer: Exec. VP, CFO and Treasurer | ONE CEDAR POINT DRIVE, SANDUSKY OH 44870 |
Adam D. Portnoy | director | C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458 |
Elena Poptodorova | director | TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458 |
Jonathan Pertchik | director, officer: Chief Executive Officer | C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145 |
Rajan Penkar | director | C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145 |
Barbara D Gilmore | director | C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458 |
Joseph Morea | director | C/O REIT MANAGEMENT & RESEARCH LLC, TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458 |
Andrew J Rebholz | officer: EVP, CFO & Treasurer | C/O TRAVELCENTERS OF AMERICA LLC, 400 CENTRE STREET, NEWTON MA 02458 |
William Earnest Myers | officer: Chief Accounting Officer | C/O REIT MANAGEMENT & RESEARCH LLC, TWO NEWTON PLACE, 255 WASHINGTON ST, NEWTON MA 02458 |
Rodney Paul Bresnahan | officer: Executive Vice President | C/O THE RMR GROUP LLC, TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458 |
Mcgary John T. Jr. | officer: Executive Vice President | 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145 |
Michael J Lombardi | officer: EVP of Sales | C/O TRAVELCENTERS OF AMERICA LLC, 400 CENTRE STREET, NEWTON MA 02458 |
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