GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ambu AS (OTCPK:AMBBY) » Definitions » Quick Ratio

AMBBY (Ambu AS) Quick Ratio : 1.47 (As of Sep. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Ambu AS 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. Ambu AS's quick ratio for the quarter that ended in Sep. 2024 was 1.47.

Ambu AS has a quick ratio of 1.47. It generally indicates good short-term financial strength.

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

AMBBY' s Quick Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.05   Max: 1.47
Current: 1.47

During the past 13 years, Ambu AS's highest Quick Ratio was 1.47. The lowest was 0.46. And the median was 1.05.

AMBBY's Quick Ratio is ranked worse than
60.41% of 869 companies
in the Medical Devices & Instruments industry
Industry Median: 1.91 vs AMBBY: 1.47

Ambu AS Quick Ratio Historical Data

The historical data trend for Ambu AS'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.

Ambu AS Quick Ratio Chart

Ambu AS Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.88 0.93 1.17 1.47

Ambu AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.17 1.30 1.49 1.51 1.47

Competitive Comparison of Ambu AS's Quick Ratio

For the Medical Devices subindustry, Ambu AS'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.


Ambu AS's Quick Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ambu AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Ambu AS's Quick Ratio falls into.



Ambu AS 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.

Ambu AS's Quick Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Quick Ratio (A: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(392.528-160.464)/157.636
=1.47

Ambu AS's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(392.528-160.464)/157.636
=1.47

* 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.


Ambu AS  (OTCPK:AMBBY) 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.


Ambu AS Quick Ratio Related Terms

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


Ambu AS Business Description

Address
Baltorpbakken 13, Ballerup, DNK, DK-2750
Ambu AS is a Denmark based company providing single-use flexible endoscopes and is dedicated to optimizing hospital workflows and improving patient care. The company has created medtech solutions like resuscitators, anaesthesia masks, and electrodes and operates R&D, manufacturing and sales in Europe, North America and Rest of the world.

Ambu AS Headlines

From GuruFocus

Q1 2021 Ambu A/S Earnings Call Transcript

By GuruFocus Research 02-12-2024

Ambu A/S Annual Shareholders Meeting Transcript

By GuruFocus Research 02-12-2024

Ambu A/S Annual Shareholders Meeting Transcript

By GuruFocus Research 02-12-2024

Q1 2023 Ambu A/S Earnings Call Transcript

By GuruFocus Research 02-12-2024

Q3 2022 Ambu A/S Earnings Call Transcript

By GuruFocus Research 02-12-2024

Q3 2021 Ambu A/S Guidance Call Transcript

By GuruFocus Research 02-12-2024

Q2 2023 Ambu A/S Earnings Call Transcript

By GuruFocus Research 02-12-2024

Ambu A/S Corporate Analyst Meeting Transcript

By GuruFocus Research 02-12-2024

Q4 2021 Ambu A/S Earnings Call Transcript

By GuruFocus Research 02-12-2024