Sigma Healthcare (FRA:S5YA) Quick Ratio : 1.21 (As of Jul. 2024)

Sigma Healthcare Quick Ratio Chart

Sigma Healthcare Annual Data
	Trend	Jan15	Jan16	Jan17	Jan18	Jan19	Jan20	Jan21	Jan22	Jan23	Jan24
Quick Ratio		Get a 7-Day Free Trial					0.73	0.67	0.96	0.76	1.86

Sigma Healthcare Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Quick Ratio	Get a 7-Day Free Trial															0.84	0.76	0.96	1.86	1.21

Competitive Comparison of Sigma Healthcare's Quick Ratio

For the Medical Distribution subindustry, Sigma Healthcare'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.

Sigma Healthcare's Quick Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Sigma Healthcare's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Sigma Healthcare's Quick Ratio falls into.

Sigma Healthcare 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.

Sigma Healthcare's Quick Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Sigma Healthcare's Quick Ratio for the quarter that ended in Jul. 2024 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.

Sigma Healthcare  (FRA:S5YA) 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.

Sigma Healthcare Quick Ratio Related Terms

Thank you for viewing the detailed overview of Sigma Healthcare's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Sigma Healthcare Business Description