Clean Seas Seafood (ASX:CSS) Quick Ratio : 3.01 (As of Jun. 2024)

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What is Clean Seas Seafood 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. Clean Seas Seafood's quick ratio for the quarter that ended in Jun. 2024 was 3.01.

Clean Seas Seafood has a quick ratio of 3.01. It generally indicates good short-term financial strength.

The historical rank and industry rank for Clean Seas Seafood's Quick Ratio or its related term are showing as below:

ASX:CSS' s Quick Ratio Range Over the Past 10 Years
Min: 3.01 Med: 4.25 Max: 7.18
Current: 3.01

During the past 13 years, Clean Seas Seafood's highest Quick Ratio was 7.18. The lowest was 3.01. And the median was 4.25.

ASX:CSS's Quick Ratio is ranked better than
84.85% of 1921 companies
in the Consumer Packaged Goods industry
Industry Median: 1.08 vs ASX:CSS: 3.01

Clean Seas Seafood Quick Ratio Historical Data

The historical data trend for Clean Seas Seafood'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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Clean Seas Seafood Quick Ratio Chart

Clean Seas Seafood Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Quick Ratio

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4.10

3.18

4.56

4.49

3.01

Clean Seas Seafood Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Quick Ratio	Get a 7-Day Free Trial															4.56	5.26	4.49	2.95	3.01

Competitive Comparison of Clean Seas Seafood's Quick Ratio

For the Farm Products subindustry, Clean Seas Seafood'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.

Clean Seas Seafood's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Clean Seas Seafood's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Clean Seas Seafood's Quick Ratio falls into.

Clean Seas Seafood 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.

Clean Seas Seafood's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Quick Ratio (A: Jun. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(61.271	-	11.103)	/	16.659
	=	3.01

Clean Seas Seafood's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(61.271	-	11.103)	/	16.659
	=	3.01

Clean Seas Seafood (ASX:CSS) 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.

Clean Seas Seafood Quick Ratio Related Terms

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Clean Seas Seafood Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clean Seas Seafood Ltd (ASX:CSS) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

CSS:Norway C7S:Germany C7S:Germany

Address

7 Frederick Road, Royal Park, Adelaide, SA, AUS, 5014

Website

https://www.cleanseas.com.au

Clean Seas Seafood Ltd is engaged in full-cycle breeding, production, and sale of Yellowtail Kingfish. The company's primary operations involve propagating Spencer Gulf Yellowtail Kingfish, producing and selling fingerlings, and cultivating these fish for harvest and sale. Geographically, it derives a majority of its revenue from Australia and also has a presence in Europe and Other countries.