Codere Online Luxembourg has a quick ratio of 1.37. It generally indicates good short-term financial strength.
The historical rank and industry rank for Codere Online Luxembourg's Quick Ratio or its related term are showing as below:
MEX:CDRON'
s Quick Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1.31 Max: 3.31
Current: 1.37
During the past 8 years, Codere Online Luxembourg's highest Quick Ratio was 3.31. The lowest was 0.47. And the median was 1.31.
MEX:CDRON's Quick Ratio is ranked better than 58.11% of 857
companies
in the Travel & Leisure industry
Industry Median: 1.14
vs MEX:CDRON: 1.37
Codere Online Luxembourg (MEX:CDRON) 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.
Codere Online Luxembourg Quick Ratio Related Terms
Codere Online Luxembourg 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.
MEX:CDRON vs INSE, GAMB, ROLR: Quick Ratio Comparison
For the Gambling subindustry, Codere Online Luxembourg'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.
Codere Online Luxembourg Quick Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Codere Online Luxembourg's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Codere Online Luxembourg'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.
Codere Online Luxembourg's Quick Ratio for the fiscal year that ended in Dec. 2025 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.
Codere Online Luxembourg (MEX:CDRON) has a Quick Ratio of 1.37 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Codere Online Luxembourg and its competitors. This is near median its historical median of 1.31. Over the past decade, Codere Online Luxembourg's Quick Ratio has ranged from 0.47 to 3.31. According to the industry distribution chart, Codere Online Luxembourg ranks #359 out of 857 companies in the Travel & Leisure industry, placing it in the top 41.9%.
Is Codere Online Luxembourg's Quick Ratio too high?
Codere Online Luxembourg's current Quick Ratio of 1.37 is near median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 3.31. The Travel & Leisure industry median Quick Ratio is 1.14. Codere Online Luxembourg's value of 1.37 is 20.2% above this industry median. Based on the distribution chart, Codere Online Luxembourg ranks #359 out of 857 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Codere Online Luxembourg has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Codere Online Luxembourg's Quick Ratio compare to INSE and GAMB?
According to the Travel & Leisure industry distribution chart, Codere Online Luxembourg ranks #359 out of 857 companies for Quick Ratio. This puts Codere Online Luxembourg in the upper half of its industry. The industry median Quick Ratio is 1.14. Codere Online Luxembourg's value of 1.37 is 20.2% above this benchmark. Historically, Codere Online Luxembourg's own Quick Ratio has ranged from 0.47 to 3.31 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.14, Codere Online Luxembourg has consistently been above 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 a Travel & Leisure company?
The median Quick Ratio among Travel & Leisure companies is 1.14, based on 857 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. Codere Online Luxembourg's current Quick Ratio of 1.37 is 20.2% above 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 Codere Online Luxembourg and its competitors. For the Travel & Leisure industry, the median Quick Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codere Online Luxembourg's current Quick Ratio is 1.37, which is near median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codere Online Luxembourg stock overvalued right now?
Codere Online Luxembourg (MEX:CDRON) has a current Quick Ratio of 1.37. The stock's GF Value™ is MXN144.85, compared to a current price of MXN155.00 — trading 7% above its estimated fair value. The current Quick Ratio is 1.37, which is near median its 10-year median of 1.31 and 20.2% above the Travel & Leisure industry median of 1.14. Codere Online Luxembourg's overall GF Score™ is 74/100 with 5 warning signs to review. 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 Codere Online Luxembourg (MEX:CDRON), the current Quick Ratio is 1.37 as of Dec. 2025. 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.
Is Codere Online Luxembourg (MEX:CDRON) Overvalued in 2026?
Based on GuruFocus' analysis, Codere Online Luxembourg stock appears to be overvalued.
The current stock price of MXN155.00 is trading 7% above its estimated GF Value™ of MXN144.85.
Key valuation signals for MEX:CDRON:
Quick Ratio: 1.37 (near median its 10-year median of 1.31)
GF Value™: MXN144.85 vs. price of MXN155.00 (7% above fair value)
Industry Position: 20.2% above the Travel & Leisure median (#359 of 857)
No single metric tells the full story. See the MEX:CDRON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Mexico, Colombia, and Other countries, where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. The company derives maximum revenue from Mexico.
74GF Score
Get the complete analysis for MEX:CDRON
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