Avanta Serviced Office Group has a quick ratio of 0.94. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Avanta Serviced Office Group's Quick Ratio or its related term are showing as below:
LSE:ASOA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.91 Max: 38.75
Current: 1.05
During the past 13 years, Avanta Serviced Office Group's highest Quick Ratio was 38.75. The lowest was 0.05. And the median was 0.91.
LSE:ASOA's Quick Ratio is not ranked
in the Asset Management industry.
Industry Median: 2.815
vs LSE:ASOA: 1.05
Avanta Serviced Office Group (LSE:ASOA) 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.
Avanta Serviced Office Group Quick Ratio Related Terms
Avanta Serviced Office Group Quick Ratio Historical Data
* 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.
LSE:ASOA vs AINC, HCAP, OCCAF: Quick Ratio Comparison
For the Asset Management subindustry, Avanta Serviced Office 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.
Avanta Serviced Office Group Quick Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Avanta Serviced Office Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Avanta Serviced Office Group's Quick Ratio falls into.
Avanta Serviced Office Group 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.
* 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.
Avanta Serviced Office Group (LSE:ASOA) has a Quick Ratio of 0.94 as of Jun. 2014. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Avanta Serviced Office Group and its competitors. This is near median its historical median of 0.91. Over the past decade, Avanta Serviced Office Group's Quick Ratio has ranged from 0.05 to 38.75.
Is Avanta Serviced Office Group's Quick Ratio too high?
Avanta Serviced Office Group's current Quick Ratio of 0.94 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 38.75. The Asset Management industry median Quick Ratio is 2.82. Avanta Serviced Office Group's value of 0.94 is 66.6% below this industry median.
How does Avanta Serviced Office Group's Quick Ratio compare to AINC and HCAP?
Avanta Serviced Office Group's Quick Ratio of 0.94 can be compared against companies in the Asset Management industry. The industry median Quick Ratio is 2.82. Avanta Serviced Office Group's value of 0.94 is 66.6% below this benchmark. Historically, Avanta Serviced Office Group's own Quick Ratio has ranged from 0.05 to 38.75 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 2.82, Avanta Serviced Office Group has consistently been below the industry average. 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 an Asset Management company?
The median Quick Ratio among Asset Management companies is 2.82, based on 708 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. Avanta Serviced Office Group's current Quick Ratio of 0.94 is 66.6% below 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 Avanta Serviced Office Group and its competitors. For the Asset Management industry, the median Quick Ratio is 2.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avanta Serviced Office Group's current Quick Ratio is 0.94, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avanta Serviced Office Group stock overvalued right now?
Avanta Serviced Office Group (LSE:ASOA) has a current Quick Ratio of 0.94. The current Quick Ratio is 0.94, which is near median its 10-year median of 0.91 and 66.6% below the Asset Management industry median of 2.82. 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 Avanta Serviced Office Group (LSE:ASOA), the current Quick Ratio is 0.94 as of Jun. 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.
Serviced Office Group PLC is engaged in the ownership and operation of serviced office accommodation. Its reportable segments are Serviced office business and Managed serviced offices. Serviced office business undertaken in the group's freehold and leasehold properties; and Managed serviced office business undertaken under management contracts on behalf of third parties. The Group operates solely from the UK.
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