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. Lendlease Group's quick ratio for the quarter that ended in Dec. 2024 was 0.73.
Lendlease Group has a quick ratio of 0.73. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Lendlease Group's Quick Ratio or its related term are showing as below:
LLESY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.34 Med: 0.58 Max: 0.82
Current: 0.73
During the past 13 years, Lendlease Group's highest Quick Ratio was 0.82. The lowest was 0.34. And the median was 0.58.
LLESY's Quick Ratio is ranked worse than 53.49% of 1806
companies
in the Real Estate industry
Industry Median: 0.81
vs LLESY: 0.73
Lendlease Group Quick Ratio Historical Data
The historical data trend for Lendlease Group'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 Lendlease Group's Quick Ratio
For the Real Estate - Diversified subindustry, Lendlease Group'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.
Lendlease Group's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Lendlease Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Lendlease Group's Quick Ratio falls into.
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.
Lendlease Group's Quick Ratio for the fiscal year that ended in Jun. 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.
Lendlease Group (OTCPK:LLESY) 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.
Lendlease Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Lendlease Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lendlease has three segments: investments, development, and construction. Lendlease operates locally and overseas across all three segments. However, in the future, its development and construction businesses will be solely in Australia, while the investment management platform will maintain exposure to international real estate assets. Historically, the investments segment contributed about one-third of group EBITDA, development around half, and construction the remaining. The group is targeting an earnings mix between investments/development/construction of 50%/35%/15% post the current restructure, shifting more weights to the defensive and higher margin investments segment. Sales proceeds from asset divestments will primarily be used to repay debt and buy back securities.
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