AMKBF (A P Moller Maersk AS) Quick Ratio : 2.41 (As of Sep. 2024)

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What is A P Moller Maersk 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. A P Moller Maersk AS's quick ratio for the quarter that ended in Sep. 2024 was 2.41.

A P Moller Maersk AS has a quick ratio of 2.41. It generally indicates good short-term financial strength.

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

AMKBF' s Quick Ratio Range Over the Past 10 Years
Min: 0.89 Med: 1.46 Max: 2.89
Current: 2.41

During the past 13 years, A P Moller Maersk AS's highest Quick Ratio was 2.89. The lowest was 0.89. And the median was 1.46.

AMKBF's Quick Ratio is ranked better than
79.55% of 968 companies
in the Transportation industry
Industry Median: 1.295 vs AMKBF: 2.41

A P Moller Maersk AS Quick Ratio Historical Data

The historical data trend for A P Moller Maersk 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.

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A P Moller Maersk AS Quick Ratio Chart

A P Moller Maersk AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.04

1.16

2.01

2.89

2.37

A P Moller Maersk 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															2.36	2.37	2.30	2.28	2.41

Competitive Comparison of A P Moller Maersk AS's Quick Ratio

For the Marine Shipping subindustry, A P Moller Maersk 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.

A P Moller Maersk AS's Quick Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A P Moller Maersk AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where A P Moller Maersk AS's Quick Ratio falls into.

A P Moller Maersk 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.

A P Moller Maersk AS'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
	=	(31022	-	1658)	/	12391
	=	2.37

A P Moller Maersk 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
	=	(32099	-	1494)	/	12693
	=	2.41

A P Moller Maersk AS (OTCPK:AMKBF) 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.

A P Moller Maersk AS Quick Ratio Related Terms

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A P Moller Maersk AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » A P Moller Maersk AS (OTCPK:AMKBF) » Definitions » Quick Ratio

Traded in Other Exchanges

AMKBY:USA AMKAF:USA MAERBc:UK MAERAc:UK 0O77:UK 0O76:UK MAERSK B:Denmark MAERSK A:Denmark DP4H:Germany

Address

Esplanaden 50, Copenhagen, DNK, 1263

Website

https://www.maersk.com

Denmark-listed A.P. Moller-Maersk operates trade, shipping, logistics and terminal assets globally. The oceans segment, the largest contributor to group revenue and earnings, has the second-largest oceangoing shipping capacity globally. Maersk has acquired several logistics firms in the past couple of years and plans for the segment to be the company's growth engine. Over the past few years, Maersk has divested noncore operations, such as its long-standing stakes in Danske Bank and Dansk Supermarked as well as its oil and gas operations and ocean towing.