lastminute.com NV has a quick ratio of 0.50. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for lastminute.com NV's Quick Ratio or its related term are showing as below:
LTS:0QT0'
s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.69 Max: 0.8
Current: 0.5
During the past 13 years, lastminute.com NV's highest Quick Ratio was 0.80. The lowest was 0.50. And the median was 0.69.
LTS:0QT0's Quick Ratio is ranked worse than 80.1% of 829
companies
in the Travel & Leisure industry
Industry Median: 1.09
vs LTS:0QT0: 0.50
lastminute.com NV Quick Ratio Historical Data
The historical data trend for lastminute.com NV'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 lastminute.com NV's Quick Ratio
For the Travel Services subindustry, lastminute.com NV'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.
lastminute.com NV's Quick Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, lastminute.com NV's Quick Ratio distribution charts can be found below:
* The bar in red indicates where lastminute.com NV'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.
lastminute.com NV's Quick Ratio for the fiscal year that ended in Dec. 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.
lastminute.com NV (LTS:0QT0) 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.
lastminute.com NV Quick Ratio Related Terms
Thank you for viewing the detailed overview of lastminute.com NV's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
lastminute.com NV operates in the online travel and leisure industry. It offers online tools & technologies for search compare and booking flights, vacation packages, Car rentals, Lifestyle, hotel bookings, and other Ancillary Services. The group operates under several key brands, including lastminute.com, Bravofly, Rumbo, Volagratis, and Jetcost. The company offers services to customers through websites and mobile apps. Its business is spread across various geographical regions including France, the UK, Spain, Switzerland, and internationally. The company's segments include B2B which represents its Meta, Media, and Long-term partnerships (affiliations, white-label, gift cards, corporate rewards), and B2C segment represents its core business offerings, Cruise business, and others.
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