Hillman Solutions has a quick ratio of 0.76. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Hillman Solutions's Quick Ratio or its related term are showing as below:
HLMN'
s Quick Ratio Range Over the Past 10 Years
Min: 0.49 Med: 0.74 Max: 1.93
Current: 0.76
During the past 5 years, Hillman Solutions's highest Quick Ratio was 1.93. The lowest was 0.49. And the median was 0.74.
HLMN's Quick Ratio is ranked worse than 82.7% of 3023
companies
in the Industrial Products industry
Industry Median: 1.39
vs HLMN: 0.76
Hillman Solutions Quick Ratio Historical Data
The historical data trend for Hillman Solutions'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.
Competitive Comparison of Hillman Solutions's Quick Ratio
For the Tools & Accessories subindustry, Hillman Solutions'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.
Hillman Solutions's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hillman Solutions's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Hillman Solutions's Quick Ratio falls into.
Hillman Solutions 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.
Hillman Solutions's Quick Ratio for the fiscal year that ended in Dec. 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.
Hillman Solutions (NAS:HLMN) 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.
Hillman Solutions Quick Ratio Related Terms
Thank you for viewing the detailed overview of Hillman Solutions's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hillman Solutions Corp is a provider of hardware-related products and related merchandising services to retail markets in North America. The company sells its products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets. Its product lines include thousands of small parts such as fasteners and related hardware items; threaded rod and metal shapes; keys and accessories; builder's hardware; personal protective equipment, such as gloves and eye-wear; and identification items, such as tags and letters, numbers, and signs. The segments of the group are Hardware and Protective Solutions, which is the key revenue-generating segment; Robotics and Digital Solutions; and Canada. It has a business presence in the US, Canada and Mexico.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HLMN has been successfully added to your 