DRRKF (dorma+kaba Holding AG) Quick Ratio : 0.92 (As of Jun. 2023)

dorma+kaba Holding AG Quick Ratio Chart

dorma+kaba Holding AG Annual Data
	Trend	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23	Jun24
Quick Ratio		Get a 7-Day Free Trial					0.96	0.73	0.62	0.92	0.99

dorma+kaba Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Jun24
Quick Ratio	Get a 7-Day Free Trial															0.59	0.62	0.80	0.92	0.99

Competitive Comparison of dorma+kaba Holding AG's Quick Ratio

For the Building Products & Equipment subindustry, dorma+kaba Holding 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.

dorma+kaba Holding AG's Quick Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, dorma+kaba Holding AG's Quick Ratio distribution charts can be found below:

* The bar in red indicates where dorma+kaba Holding AG's Quick Ratio falls into.

dorma+kaba Holding 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.

dorma+kaba Holding AG's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as

dorma+kaba Holding AG's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

* 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.

dorma+kaba Holding AG  (OTCPK:DRRKF) 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.

dorma+kaba Holding AG Quick Ratio Related Terms

Thank you for viewing the detailed overview of dorma+kaba Holding AG's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

dorma+kaba Holding AG Business Description