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. BlueScope Steel's quick ratio for the quarter that ended in Dec. 2023 was 1.07.
BlueScope Steel has a quick ratio of 1.07. It generally indicates good short-term financial strength.
The historical rank and industry rank for BlueScope Steel's Quick Ratio or its related term are showing as below:
BLSFY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.63 Med: 0.99 Max: 1.16
Current: 1.07
During the past 13 years, BlueScope Steel's highest Quick Ratio was 1.16. The lowest was 0.63. And the median was 0.99.
BLSFY's Quick Ratio is ranked better than 52.45% of 633
companies
in the Steel industry
Industry Median: 1.04
vs BLSFY: 1.07
BlueScope Steel Quick Ratio Historical Data
The historical data trend for BlueScope Steel'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 BlueScope Steel's Quick Ratio
For the Steel subindustry, BlueScope Steel'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.
BlueScope Steel's Quick Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, BlueScope Steel's Quick Ratio distribution charts can be found below:
* The bar in red indicates where BlueScope Steel's Quick Ratio falls into.
BlueScope Steel 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.
BlueScope Steel'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.
BlueScope Steel (OTCPK:BLSFY) 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.
BlueScope Steel Quick Ratio Related Terms
Thank you for viewing the detailed overview of BlueScope Steel's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
BlueScope Steel (BlueScope Steel) Business Description
BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.
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