IMC (International Market Centers) Quick Ratio: 2.51 (As of Dec. 2014)


What is International Market Centers Quick Ratio?

International Market Centers IMC Quick Ratio is 2.51 as of Dec. 2014.

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. International Market Centers's quick ratio for the quarter that ended in Dec. 2014 was 2.51.

International Market Centers has a quick ratio of 2.51. It generally indicates good short-term financial strength.

The historical rank and industry rank for International Market Centers's Quick Ratio or its related term are showing as below:

IMC's Quick Ratio is not ranked *
in the REITs industry.
Industry Median: 0.87
* Ranked among companies with meaningful Quick Ratio only.

International Market Centers  (NYSE:IMC) 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.

International Market Centers Quick Ratio Related Terms

International Market Centers Quick Ratio Historical Data

* Premium members only.

The historical data trend for International Market Centers'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.

International Market Centers Quick Ratio Chart

International Market Centers Annual Data
Trend Dec12 Dec13 Dec14
Quick Ratio
3.64 3.21 2.51

International Market Centers Semi-Annual Data
Dec12 Dec13 Dec14
Quick Ratio 3.64 3.21 2.51

IMC vs HMG, AIII, WHLR: Quick Ratio Comparison

For the REIT - Retail subindustry, International Market Centers'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.

International Market Centers Quick Ratio vs REITs Industry

For the REITs industry and Real Estate sector, International Market Centers's Quick Ratio distribution charts can be found below:

* The bar in red indicates where International Market Centers's Quick Ratio falls into.


International Market Centers 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.

International Market Centers's Quick Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Quick Ratio (A: Dec. 2014 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(68.745-0)/27.349
=2.51

International Market Centers's Quick Ratio for the quarter that ended in Dec. 2014 is calculated as

Quick Ratio (Q: Dec. 2014 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(68.745-0)/27.349
=2.51

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 2.51 mean?
International Market Centers (IMC) has a Quick Ratio of 2.51 as of Dec. 2014. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on International Market Centers and its competitors.
Is International Market Centers' Quick Ratio too high?
International Market Centers' current Quick Ratio is 2.51. The REITs industry median Quick Ratio is 0.87. International Market Centers' value of 2.51 is 188.5% above this industry median.
How does International Market Centers' Quick Ratio compare to HMG and AIII?
International Market Centers' Quick Ratio of 2.51 can be compared against companies in the REITs industry. The industry median Quick Ratio is 0.87. International Market Centers' value of 2.51 is 188.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a REITs company?
The median Quick Ratio among REITs companies is 0.87, based on 760 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Market Centers's current Quick Ratio of 2.51 is 188.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on International Market Centers and its competitors. For the REITs industry, the median Quick Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Market Centers's current Quick Ratio is 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Market Centers stock overvalued right now?
International Market Centers (IMC) has a current Quick Ratio of 2.51. The current Quick Ratio is 2.51 and 188.5% above the REITs industry median of 0.87. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For International Market Centers (IMC), the current Quick Ratio is 2.51 as of Dec. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

International Market Centers Business Description

Industry Real EstateREITs
International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home décor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home décor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home décor and gift products.