Reckitt Benckiser Group (Reckitt Benckiser Group) Quick Ratio

: 0.44 (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

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. Reckitt Benckiser Group's quick ratio for the quarter that ended in Dec. 2023 was 0.44.

Reckitt Benckiser Group has a quick ratio of 0.44. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Reckitt Benckiser Group's Quick Ratio or its related term are showing as below:

RBGPF' s Quick Ratio Range Over the Past 10 Years
Min: 0.41 Med: 0.45 Max: 0.64
Current: 0.44

During the past 13 years, Reckitt Benckiser Group's highest Quick Ratio was 0.64. The lowest was 0.41. And the median was 0.45.

RBGPF's Quick Ratio is ranked worse than
84.78% of 1899 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs RBGPF: 0.44

Reckitt Benckiser Group Quick Ratio Historical Data

The historical data trend for Reckitt Benckiser 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.

Reckitt Benckiser Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

0.42

0.54

0.44

0.41

0.44

Reckitt Benckiser Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio																0.44	0.47	0.41	0.36	0.44

Competitive Comparison

For the Household & Personal Products subindustry, Reckitt Benckiser 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.

Reckitt Benckiser Group Quick Ratio Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Reckitt Benckiser Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Reckitt Benckiser Group's Quick Ratio falls into.

Reckitt Benckiser 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.

Reckitt Benckiser Group's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(6711.392	-	2072.152)	/	10554.43
	=	0.44

Reckitt Benckiser Group's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(6711.392	-	2072.152)	/	10554.43
	=	0.44

Reckitt Benckiser Group (OTCPK:RBGPF) 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.

Reckitt Benckiser Group Quick Ratio Related Terms

Thank you for viewing the detailed overview of Reckitt Benckiser Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Reckitt Benckiser Group (Reckitt Benckiser Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Reckitt Benckiser Group PLC (OTCPK:RBGPF) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

RBGLY:USA RB:Mexico RKTl:UK RKT:UK 3RB:Germany

Address

103-105 Bath Road, Slough, Berkshire, GBR, SL1 3UH

Website

https://www.reckitt.com

Reckitt Benckiser was formed in 1999 through the merger of the British firm Reckitt & Colman and Dutch-based Benckiser. Recently rebranded under the corporate name Reckitt, it sells a portfolio that includes a variety of household and consumer health brands, such as Lysol, Finish, Durex, and Mucinex, many of which hold the number-one or -two positions in their categories globally. Reckitt has repositioned its portfolio and has entered the infant formula market through the acquisition of Mead Johnson in 2017, expanded its consumer health presence by acquiring Schiff Nutrition, K-Y, and Biofreeze, and has exited the food industry. The firm operates in 60 countries and sells products in more than 200, generating around 35% of sales from emerging markets.