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Alpha Real Estate Services (ATH:ASTAK) Quick Ratio : 13.83 (As of Jun. 2024)


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What is Alpha Real Estate Services 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. Alpha Real Estate Services's quick ratio for the quarter that ended in Jun. 2024 was 13.83.

Alpha Real Estate Services has a quick ratio of 13.83. It generally indicates good short-term financial strength.

The historical rank and industry rank for Alpha Real Estate Services's Quick Ratio or its related term are showing as below:

ATH:ASTAK' s Quick Ratio Range Over the Past 10 Years
Min: 6.43   Med: 17.8   Max: 34.32
Current: 13.83

During the past 13 years, Alpha Real Estate Services's highest Quick Ratio was 34.32. The lowest was 6.43. And the median was 17.80.

ATH:ASTAK's Quick Ratio is ranked better than
96.38% of 1797 companies
in the Real Estate industry
Industry Median: 0.81 vs ATH:ASTAK: 13.83

Alpha Real Estate Services Quick Ratio Historical Data

The historical data trend for Alpha Real Estate Services'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.

Alpha Real Estate Services Quick Ratio Chart

Alpha Real Estate Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.09 15.85 31.40 17.39 12.33

Alpha Real Estate Services 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 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 34.32 17.39 14.80 12.33 13.83

Competitive Comparison of Alpha Real Estate Services's Quick Ratio

For the Real Estate Services subindustry, Alpha Real Estate Services'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.


Alpha Real Estate Services's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alpha Real Estate Services's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Alpha Real Estate Services's Quick Ratio falls into.


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Alpha Real Estate Services 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.

Alpha Real Estate Services'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
=(104.63-0)/8.488
=12.33

Alpha Real Estate Services'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
=(72.885-0)/5.271
=13.83

* 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.


Alpha Real Estate Services  (ATH:ASTAK) 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.


Alpha Real Estate Services Quick Ratio Related Terms

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Alpha Real Estate Services Business Description

Traded in Other Exchanges
N/A
Address
Stadiou 24, Athens, GRC, 10561
Alpha Real Estate Services SA is engaged in the management and exploitation of properties owned by it or third parties, the provision of technical advice on related matters, the provision of real estate and brokerage services, the preparation of studies of all kinds, the provision of general advice on the above matters, the carrying out of assessments and valuations of assets and mechanical equipment and in general assessments on behalf of third parties on related matters.

Alpha Real Estate Services Headlines

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