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. Emerson Radio's quick ratio for the quarter that ended in Sep. 2024 was 10.98.
Emerson Radio has a quick ratio of 10.98. It generally indicates good short-term financial strength.
The historical rank and industry rank for Emerson Radio's Quick Ratio or its related term are showing as below:
MSN'
s Quick Ratio Range Over the Past 10 Years
Min: 5.42 Med: 20.78 Max: 60.91
Current: 10.98
During the past 13 years, Emerson Radio's highest Quick Ratio was 60.91. The lowest was 5.42. And the median was 20.78.
MSN's Quick Ratio is ranked better than 97.13% of 2470
companies
in the Hardware industry
Industry Median: 1.45
vs MSN: 10.98
Emerson Radio Quick Ratio Historical Data
The historical data trend for Emerson Radio'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 Emerson Radio's Quick Ratio
For the Consumer Electronics subindustry, Emerson Radio'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.
Emerson Radio's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Emerson Radio's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Emerson Radio's Quick Ratio falls into.
Emerson Radio 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.
Emerson Radio's Quick Ratio for the fiscal year that ended in Mar. 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.
Emerson Radio (AMEX:MSN) 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.
Emerson Radio Quick Ratio Related Terms
Thank you for viewing the detailed overview of Emerson Radio's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Emerson Radio Corp operates in the consumer electronics industry. The company designs, sources, imports, and markets a variety of houseware and consumer electronic products, and licenses the Emerson trademark domestically and internationally. Its products are offered to encompass televisions, digital versatile disc players and video cassette recorders, audio accessories, microwave ovens, home theatres, high-end audio products, office products, mobile stereo, and wireless products. geographically, it derives a majority of its revenue from the United States.
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