Flutter Entertainment (LSE:FLTR) Quick Ratio : 0.89 (As of Sep. 2024)

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What is Flutter Entertainment 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. Flutter Entertainment's quick ratio for the quarter that ended in Sep. 2024 was 0.89.

Flutter Entertainment has a quick ratio of 0.89. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Flutter Entertainment's Quick Ratio or its related term are showing as below:

LSE:FLTR' s Quick Ratio Range Over the Past 10 Years
Min: 0.41 Med: 0.85 Max: 1.34
Current: 0.89

During the past 13 years, Flutter Entertainment's highest Quick Ratio was 1.34. The lowest was 0.41. And the median was 0.85.

LSE:FLTR's Quick Ratio is ranked worse than
57.01% of 835 companies
in the Travel & Leisure industry
Industry Median: 1.07 vs LSE:FLTR: 0.89

Flutter Entertainment Quick Ratio Historical Data

The historical data trend for Flutter Entertainment'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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Flutter Entertainment Quick Ratio Chart

Flutter Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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0.41

0.74

0.95

0.86

0.88

Flutter Entertainment Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Quick Ratio	Get a 7-Day Free Trial															-	0.88	0.84	0.90	0.89

Competitive Comparison of Flutter Entertainment's Quick Ratio

For the Gambling subindustry, Flutter Entertainment'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.

Flutter Entertainment's Quick Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Flutter Entertainment's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Flutter Entertainment's Quick Ratio falls into.

Flutter Entertainment 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.

Flutter Entertainment'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
	=	(3141.04	-	0)	/	3575.54
	=	0.88

Flutter Entertainment's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(3152.52	-	0)	/	3560.76
	=	0.89

Flutter Entertainment (LSE:FLTR) 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.

Flutter Entertainment Quick Ratio Related Terms

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Flutter Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flutter Entertainment PLC (LSE:FLTR) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

FLUT:USA FLTRl:UK PPB:Germany PPB:Germany PPB:Germany

Address

Beech Hill Road, Belfield Office Park, Clonskeagh, Dublin, IRL, 4

Website

https://www.flutter.com

In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the us, UK and Ireland, Australia, and many other countries. Some of its main brands are FanDuel in the us, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2023, the company offered products in over 100 countries and had 12.3 million average monthly users. In 2023, sports betting was 56% of revenue, online gaming 39%, and fantasy sports, horse racing, and other 5%.