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Ferretti SpA (CHIX:YACHTM) Quick Ratio : 0.67 (As of Dec. 2024)


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What is Ferretti SpA 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. Ferretti SpA's quick ratio for the quarter that ended in Dec. 2024 was 0.67.

Ferretti SpA has a quick ratio of 0.67. It indicates that the company cannot currently fully pay back its current liabilities.

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

CHIX:YACHTm' s Quick Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.67   Max: 1.06
Current: 0.67

During the past 7 years, Ferretti SpA's highest Quick Ratio was 1.06. The lowest was 0.62. And the median was 0.67.

CHIX:YACHTm's Quick Ratio is ranked worse than
75.89% of 1323 companies
in the Vehicles & Parts industry
Industry Median: 1.03 vs CHIX:YACHTm: 0.67

Ferretti SpA Quick Ratio Historical Data

The historical data trend for Ferretti SpA'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.

Ferretti SpA Quick Ratio Chart

Ferretti SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial 0.67 0.76 1.06 0.82 0.67

Ferretti SpA Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.06 0.91 0.82 0.69 0.67

Competitive Comparison of Ferretti SpA's Quick Ratio

For the Recreational Vehicles subindustry, Ferretti SpA'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.


Ferretti SpA's Quick Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ferretti SpA's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Ferretti SpA's Quick Ratio falls into.


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Ferretti SpA 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.

Ferretti SpA's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(912.322-443.594)/701.713
=0.67

Ferretti SpA's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(912.322-443.594)/701.713
=0.67

* 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.


Ferretti SpA  (CHIX:YACHTm) 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.


Ferretti SpA Quick Ratio Related Terms

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Ferretti SpA Business Description

Traded in Other Exchanges
Address
Via Irma Bandiera 62, Cattolica, ITA, 47841
Ferretti SpA is an Italy based company. The company is engaged in the Sale of yachts to order (sale of composite yachts, made-to-measure yachts and super yachts) and the Sale of used boats.

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