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Dhofar Food & InvestmentOG (MUS:DFIN) Quick Ratio : 0.34 (As of Mar. 2018)


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What is Dhofar Food & InvestmentOG 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. Dhofar Food & InvestmentOG's quick ratio for the quarter that ended in Mar. 2018 was 0.34.

Dhofar Food & InvestmentOG has a quick ratio of 0.34. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Dhofar Food & InvestmentOG's Quick Ratio or its related term are showing as below:

MUS:DFIN's Quick Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.03
* Ranked among companies with meaningful Quick Ratio only.

Dhofar Food & InvestmentOG Quick Ratio Historical Data

The historical data trend for Dhofar Food & InvestmentOG'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.

Dhofar Food & InvestmentOG Quick Ratio Chart

Dhofar Food & InvestmentOG Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.37 0.33 0.44 0.31

Dhofar Food & InvestmentOG Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 0.49 0.52 0.53 0.31 0.34

Competitive Comparison of Dhofar Food & InvestmentOG's Quick Ratio

For the Farm Products subindustry, Dhofar Food & InvestmentOG'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.


Dhofar Food & InvestmentOG's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dhofar Food & InvestmentOG's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Dhofar Food & InvestmentOG's Quick Ratio falls into.



Dhofar Food & InvestmentOG 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.

Dhofar Food & InvestmentOG's Quick Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Quick Ratio (A: Dec. 2017 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(23.302-14.999)/26.941
=0.31

Dhofar Food & InvestmentOG's Quick Ratio for the quarter that ended in Mar. 2018 is calculated as

Quick Ratio (Q: Mar. 2018 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(24.217-14.997)/27.229
=0.34

* 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.


Dhofar Food & InvestmentOG  (MUS:DFIN) 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.


Dhofar Food & InvestmentOG Quick Ratio Related Terms

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Dhofar Food & InvestmentOG (MUS:DFIN) Business Description

Traded in Other Exchanges
N/A
Address
Feed Mill Division, P.O.Box 1220, Raysut, Salalah, OMN, 211
Dhofar Food & Investment SAOG is engaged in producing Feed. It provides reliable, traceable, proven, and sustainable, quality finished poultry and Ruminant feed with State-of-the-art feed milling technology, the finest in Oman. It used raw materials to produce feed in adequate quantities to meet round-the-year requirements. It maintains hygienic, bio-secured stock points to store raw materials and finished products. Its products include Ruminant and Poultry Feeds.