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Italcementi SpA (Italcementi SpA) Quick Ratio : 1.05 (As of Jun. 2016)


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What is Italcementi SpA 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. Italcementi SpA's quick ratio for the quarter that ended in Jun. 2016 was 1.05.

Italcementi SpA has a quick ratio of 1.05. It generally indicates good short-term financial strength.

The historical rank and industry rank for Italcementi SpA's Quick Ratio or its related term are showing as below:

ITABF's Quick Ratio is not ranked *
in the Building Materials industry.
Industry Median: 0.97
* Ranked among companies with meaningful Quick Ratio only.

Italcementi SpA Quick Ratio Historical Data

The historical data trend for Italcementi SpA'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.

Italcementi SpA Quick Ratio Chart

Italcementi SpA Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 0.88 0.96 0.88 0.84

Italcementi SpA Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Jun16
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 0.88 0.79 0.84 1.05

Competitive Comparison of Italcementi SpA's Quick Ratio

For the Building Materials subindustry, Italcementi SpA'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.


Italcementi SpA's Quick Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Italcementi SpA's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Italcementi SpA's Quick Ratio falls into.



Italcementi SpA 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.

Italcementi SpA's Quick Ratio for the fiscal year that ended in Dec. 2015 is calculated as

Quick Ratio (A: Dec. 2015 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2553.041-767.55)/2124.302
=0.84

Italcementi SpA's Quick Ratio for the quarter that ended in Jun. 2016 is calculated as

Quick Ratio (Q: Jun. 2016 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3499.833-712.215)/2658.204
=1.05

* 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.


Italcementi SpA  (OTCPK:ITABF) 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.


Italcementi SpA Quick Ratio Related Terms

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Italcementi SpA (Italcementi SpA) Business Description

Traded in Other Exchanges
N/A
Address
Italcementi SpA was incorporated in 1864. It is a cement manufacturing company. The Company engages in manufacturing and distributing of three main product lines, including cement, aggregates, and ready mixed concrete. The Company's business segments are operations relating to the production and sale of cement and clinker; operations relating to construction materials: ready mixed concrete and aggregates and other operations such as: transport, engineering, e-business and energy. The Company operates its business in Albania, Belgium, Bulgaria, Canada, Cyprus, Egypt, France, Gambia, Greece, India, Italy, Kazakhstan, Morocco, Mauritania, Spain, Sri Lanka, Thailand, Turkey, and the United States.

Italcementi SpA (Italcementi SpA) Headlines

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