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Wingara AG (ASX:WNR) Quick Ratio : 0.72 (As of Sep. 2024)


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What is Wingara AG 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. Wingara AG's quick ratio for the quarter that ended in Sep. 2024 was 0.72.

Wingara AG has a quick ratio of 0.72. It indicates that the company cannot currently fully pay back its current liabilities.

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

ASX:WNR' s Quick Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.75   Max: 2.41
Current: 0.72

During the past 13 years, Wingara AG's highest Quick Ratio was 2.41. The lowest was 0.18. And the median was 0.75.

ASX:WNR's Quick Ratio is ranked worse than
68.94% of 1922 companies
in the Consumer Packaged Goods industry
Industry Median: 1.08 vs ASX:WNR: 0.72

Wingara AG Quick Ratio Historical Data

The historical data trend for Wingara AG'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.

Wingara AG Quick Ratio Chart

Wingara AG Annual Data
Trend Jun14 Jun15 Jun16 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.42 0.76 1.63 1.05

Wingara AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 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 0.86 1.63 2.41 1.05 0.72

Competitive Comparison of Wingara AG's Quick Ratio

For the Farm Products subindustry, Wingara AG'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.


Wingara AG's Quick Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Wingara AG's Quick Ratio falls into.



Wingara AG 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.

Wingara AG's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3.688-0.616)/2.912
=1.05

Wingara AG'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
=(1.782-0.435)/1.858
=0.72

* 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.


Wingara AG  (ASX:WNR) 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.


Wingara AG Quick Ratio Related Terms

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Wingara AG Business Description

Traded in Other Exchanges
N/A
Address
50 Ironstone Road, Epsom, VIC, AUS, 3551
Wingara AG Ltd operates as a processor and marketer of agricultural products in Australia. It has one operating segment, acting as a product processor and marketer of agricultural products in Australia.