Morgan Advanced Materials has a quick ratio of 1.33. It generally indicates good short-term financial strength.
The historical rank and industry rank for Morgan Advanced Materials's Quick Ratio or its related term are showing as below:
LSE:BA29.PFD'
s Quick Ratio Range Over the Past 10 Years
Min: 0.85 Med: 1.06 Max: 1.33
Current: 1.33
During the past 13 years, Morgan Advanced Materials's highest Quick Ratio was 1.33. The lowest was 0.85. And the median was 1.06.
LSE:BA29.PFD's Quick Ratio is ranked worse than 53.22% of 3031
companies
in the Industrial Products industry
Industry Median: 1.4
vs LSE:BA29.PFD: 1.33
Morgan Advanced Materials 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.
Competitive Comparison of Morgan Advanced Materials's Quick Ratio
For the Specialty Industrial Machinery subindustry, Morgan Advanced Materials'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.
Morgan Advanced Materials's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Morgan Advanced Materials's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Morgan Advanced Materials's Quick Ratio falls into.
Morgan Advanced Materials 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.
Morgan Advanced Materials'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.
Morgan Advanced Materials (LSE:BA29.PFD) 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.
Morgan Advanced Materials Quick Ratio Related Terms
Thank you for viewing the detailed overview of Morgan Advanced Materials's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Morgan Advanced Materials (LSE:BA29.PFD) Business Description
Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.
Morgan Advanced Materials (LSE:BA29.PFD) Headlines
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