Speedway Motorsports (Speedway Motorsports) Quick Ratio : 1.67 (As of Jun. 2019)

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What is Speedway Motorsports 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. Speedway Motorsports's quick ratio for the quarter that ended in Jun. 2019 was 1.67.

Speedway Motorsports has a quick ratio of 1.67. It generally indicates good short-term financial strength.

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

TRK's Quick Ratio is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 1.1
* Ranked among companies with meaningful Quick Ratio only.

Speedway Motorsports Quick Ratio Historical Data

The historical data trend for Speedway Motorsports'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.

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Speedway Motorsports Quick Ratio Chart

Speedway Motorsports Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Quick Ratio

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1.49

1.24

1.26

1.28

1.59

Speedway Motorsports Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Quick Ratio	Get a 7-Day Free Trial															1.24	1.61	1.59	1.48	1.67

Competitive Comparison of Speedway Motorsports's Quick Ratio

For the Leisure subindustry, Speedway Motorsports'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.

Speedway Motorsports's Quick Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Speedway Motorsports's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Speedway Motorsports's Quick Ratio falls into.

Speedway Motorsports 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.

Speedway Motorsports's Quick Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Quick Ratio (A: Dec. 2018 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(120.954	-	8.018)	/	70.996
	=	1.59

Speedway Motorsports's Quick Ratio for the quarter that ended in Jun. 2019 is calculated as

Quick Ratio (Q: Jun. 2019 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(176.102	-	9.87)	/	99.351
	=	1.67

Speedway Motorsports (NYSE:TRK) 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.

Speedway Motorsports Quick Ratio Related Terms

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Speedway Motorsports (Speedway Motorsports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Speedway Motorsports Inc (NYSE:TRK) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

5555 Concord Parkway South, Concord, NC, USA, 28027

Website

http://www.speedwaymotorsports.com

Speedway Motorsports Inc act as a promoter, marketer and sponsor of motorsports activities in the United States. The company also provides souvenir merchandising, including screen-printing and embroidery, as well as food, beverage, and hospitality catering services; and radio programming, production, and distribution services. It operates through motorsports event related segments. The motorsports event related segment includes admissions, event related, NASCAR broadcasting and event motorsports merchandising activities. Speedway generates most of the income from NASCAR broadcasting which include rights fees obtained for domestic television broadcasts of NASCAR-sanctioned events.

Executives

James P Holden	director	1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Mark M Gambill	director	5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
William R Brooks	director, officer: Chief Financial Officer	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Marcus G Smith	director, 10 percent owner, officer: Chief Executive Officer	5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
O Bruton Smith	director, 10 percent owner, officer: Executive Chairman	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Bryan Scott Smith	director, 10 percent owner	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Byrd Bernard Clinton Jr	director	4401 COLWICK ROAD, CHARLOTTE NC 28211
David Bruton Smith	10 percent owner	C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
Robert L Rewey	director	401 LONE PINE COURT, BLOOMFIELD HILLS MI 48304
William P Benton	director	PARKLANE TOWERS WEST, 3 PARKLANE BLVD STE 1610, DEARBORN MI 48126