Lila Kagitnayi Ve Ticaret AS (IST:LILAK) Quick Ratio : 2.31 (As of Jun. 2024)

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What is Lila Kagitnayi Ve Ticaret AS 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. Lila Kagitnayi Ve Ticaret AS's quick ratio for the quarter that ended in Jun. 2024 was 2.31.

Lila Kagitnayi Ve Ticaret AS has a quick ratio of 2.31. It generally indicates good short-term financial strength.

The historical rank and industry rank for Lila Kagitnayi Ve Ticaret AS's Quick Ratio or its related term are showing as below:

IST:LILAK' s Quick Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.12 Max: 2.31
Current: 2.31

During the past 3 years, Lila Kagitnayi Ve Ticaret AS's highest Quick Ratio was 2.31. The lowest was 0.83. And the median was 1.12.

IST:LILAK's Quick Ratio is ranked better than
79.51% of 1938 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs IST:LILAK: 2.31

Lila Kagitnayi Ve Ticaret AS Quick Ratio Historical Data

The historical data trend for Lila Kagitnayi Ve Ticaret AS'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.

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Lila Kagitnayi Ve Ticaret AS Quick Ratio Chart

Lila Kagitnayi Ve Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

Quick Ratio

0.83

0.98

1.25

Lila Kagitnayi Ve Ticaret AS Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Quick Ratio	0.83	0.98	-	1.25	2.31

Competitive Comparison of Lila Kagitnayi Ve Ticaret AS's Quick Ratio

For the Household & Personal Products subindustry, Lila Kagitnayi Ve Ticaret AS'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.

Lila Kagitnayi Ve Ticaret AS's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lila Kagitnayi Ve Ticaret AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Lila Kagitnayi Ve Ticaret AS's Quick Ratio falls into.

Lila Kagitnayi Ve Ticaret AS 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.

Lila Kagitnayi Ve Ticaret AS's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(4607.702	-	1123.335)	/	2796.224
	=	1.25

Lila Kagitnayi Ve Ticaret AS's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(8857.103	-	1830.206)	/	3043.571
	=	2.31

Lila Kagitnayi Ve Ticaret AS (IST:LILAK) 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.

Lila Kagitnayi Ve Ticaret AS Quick Ratio Related Terms

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Lila Kagitnayi Ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lila Kagit Sanayi Ve Ticaret AS (IST:LILAK) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Merdivenkoy Mahallesi, Nur Sokak A-Blok No:1A/1705, Istanbul, TUR, 34732

Website

https://www.lilakagit.com

Lila Kagit Sanayi Ve Ticaret AS is a company that carries out converting tissue paper which also exports semi-finished and finished products to more than eighty countries on five continents. The Company's main field of activity is paper reel and converting products, and since the textile and energy business areas.