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. JDE Peets NV's quick ratio for the quarter that ended in Jun. 2024 was 0.37.
JDE Peets NV has a quick ratio of 0.37. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for JDE Peets NV's Quick Ratio or its related term are showing as below:
JDEPY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.37 Max: 0.68
Current: 0.37
During the past 8 years, JDE Peets NV's highest Quick Ratio was 0.68. The lowest was 0.33. And the median was 0.37.
JDEPY's Quick Ratio is ranked worse than 88.09% of 1922
companies
in the Consumer Packaged Goods industry
Industry Median: 1.08
vs JDEPY: 0.37
JDE Peets NV Quick Ratio Historical Data
The historical data trend for JDE Peets NV'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 JDE Peets NV's Quick Ratio
For the Packaged Foods subindustry, JDE Peets NV'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.
JDE Peets NV's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, JDE Peets NV's Quick Ratio distribution charts can be found below:
* The bar in red indicates where JDE Peets NV's Quick Ratio falls into.
JDE Peets NV 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.
JDE Peets NV'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.
JDE Peets NV (OTCPK:JDEPY) 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.
JDE Peets NV Quick Ratio Related Terms
Thank you for viewing the detailed overview of JDE Peets NV's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Formed by a merger of D.E. Master Blenders and Mondelez International's coffee assets in 2015 and augmented by the acquisition of Peet's Coffee in 2019, JDE Peet's is the world's largest pure-play coffee and tea group by revenue, with operations in more than 100 developed and emerging countries. Its portfolio of over 50 brands includes global labels such as Peet's, Jacobs, L'Or, Senseo, Tassimo, and Pickwick; regional brands like Douwe Egberts, Stumptown, Kenco, Moccona, Intelligentsia, OldTown, Super, and Ofcay; and local marques such as Maison du Cafe in France, Harris in Australia, and Mighty Leaf Tea in the U.S. Offerings reach across the CPG, out-of-home, retail, and online channels. JDE Peet's was first listed in 2020, with Acorn Holdings and Mondelez owning the majority of shares.
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