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. Ontex Group NV's quick ratio for the quarter that ended in Dec. 2023 was 0.89.
Ontex Group NV has a quick ratio of 0.89. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Ontex Group NV's Quick Ratio or its related term are showing as below:
ONXXF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.74 Med: 0.86 Max: 1.38
Current: 0.89
During the past 13 years, Ontex Group NV's highest Quick Ratio was 1.38. The lowest was 0.74. And the median was 0.86.
ONXXF's Quick Ratio is ranked worse than 56.35% of 1906
companies
in the Consumer Packaged Goods industry
Industry Median: 1.03
vs ONXXF: 0.89
Ontex Group NV Quick Ratio Historical Data
The historical data trend for Ontex Group 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 Ontex Group NV's Quick Ratio
For the Household & Personal Products subindustry, Ontex Group 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.
Ontex Group NV's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ontex Group NV's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ontex Group NV's Quick Ratio falls into.
Ontex Group NV 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.
Ontex Group NV's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Ontex Group NV (OTCPK:ONXXF) 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.
Ontex Group NV Quick Ratio Related Terms
Thank you for viewing the detailed overview of Ontex Group NV's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ontex Group NV (Ontex Group NV) Business Description
Ontex Group NV is an international producer of personal-hygiene solutions offered in Europe, Russia, the Middle East, North Africa, and the Americas. Its main business segments are baby care, feminine care, and adult care. Baby care offers mainly diapers and training underpants under a variety of brands: at a lower price point, Canbebe is offered across the Middle East and Africa; Helen Harper Baby is offered across Eastern Europe, Russia, and Africa; ecological diapers such as Bio Baby are offered across Germany; and the Kiddies brand is offered in Mexico. Feminine Care offers towels, liners, and tampons under the Helen Harper and Fiore brands. Adult Care offers incontinence products, pull-up pants, and adult diapers under the Serenity, Id, Canped, and Euron brands.
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