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Vianet Group (LSE:VNET) Quick Ratio : 1.69 (As of Mar. 2024)


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What is Vianet Group 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. Vianet Group's quick ratio for the quarter that ended in Mar. 2024 was 1.69.

Vianet Group has a quick ratio of 1.69. It generally indicates good short-term financial strength.

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

LSE:VNET' s Quick Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.13   Max: 1.88
Current: 1.69

During the past 13 years, Vianet Group's highest Quick Ratio was 1.88. The lowest was 0.80. And the median was 1.13.

LSE:VNET's Quick Ratio is ranked better than
55.65% of 1080 companies
in the Business Services industry
Industry Median: 1.555 vs LSE:VNET: 1.69

Vianet Group Quick Ratio Historical Data

The historical data trend for Vianet 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.

* Premium members only.

Vianet Group Quick Ratio Chart

Vianet Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 1.02 0.80 0.89 1.69

Vianet Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.69 0.89 1.47 1.69

Competitive Comparison of Vianet Group's Quick Ratio

For the Specialty Business Services subindustry, Vianet 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.


Vianet Group's Quick Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Vianet Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Vianet Group's Quick Ratio falls into.



Vianet 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.

Vianet Group's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(7.88-2.185)/3.361
=1.69

Vianet Group's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(7.88-2.185)/3.361
=1.69

* 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.


Vianet Group  (LSE:VNET) 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.


Vianet Group Quick Ratio Related Terms

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Vianet Group Business Description

Traded in Other Exchanges
N/A
Address
One Surtees Way, Surtees Business Park, Stockton on Tees, GBR, TS18 3HR
Vianet Group PLC is a provider of actionable management information and business insight created by combining data from the smart Internet of Things solutions and external information sources. Smart Zones include Data insight and actionable data services as well as design, product development, sale, and rental of fluid monitoring equipment. The business of the group is divided into two divisions: Smart Machines and Smart Zones. The company generates maximum revenue from the Smart Zones segment. Geographically, the company derives maximum of the revenue from the United Kingdom and has a presence in the Rest of Europe and the United States/Canada.