Aker BioMarine ASA has a quick ratio of 1.87. It generally indicates good short-term financial strength.
The historical rank and industry rank for Aker BioMarine ASA's Quick Ratio or its related term are showing as below:
OSL:AKBM'
s Quick Ratio Range Over the Past 10 Years
Min: 0.69 Med: 1.13 Max: 1.87
Current: 1.87
During the past 12 years, Aker BioMarine ASA's highest Quick Ratio was 1.87. The lowest was 0.69. And the median was 1.13.
OSL:AKBM's Quick Ratio is ranked better than 72.67% of 1921
companies
in the Consumer Packaged Goods industry
Industry Median: 1.08
vs OSL:AKBM: 1.87
Aker BioMarine ASA Quick Ratio Historical Data
The historical data trend for Aker BioMarine ASA'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 Aker BioMarine ASA's Quick Ratio
For the Packaged Foods subindustry, Aker BioMarine ASA'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.
Aker BioMarine ASA's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Aker BioMarine ASA's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Aker BioMarine ASA's Quick Ratio falls into.
Aker BioMarine ASA 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.
Aker BioMarine ASA'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.
Aker BioMarine ASA (OSL:AKBM) 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.
Aker BioMarine ASA Quick Ratio Related Terms
Thank you for viewing the detailed overview of Aker BioMarine ASA's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Aker BioMarine ASA is a supplier of krill-derived products, with a fully owned supply chain. The operations of the company span from harvesting krill in Antarctica with vessels owned by the company including distribution from Uruguay, and further processing of the krill into oil products in the United States. The segments of the company include 1) The Ingredients segment involves offshore harvesting and production, logistical operations, and onshore manufacturing and sales of krill-derived products. 2) The Brands segment focuses on human consumer goods, with Lang Pharma Nutrition (Lang) and Epion as its two main components. Lang produces and distributes private-label vitamins and supplements to retailers in the U.S. market and Epion is Aker BioMarine's consumer brand company.
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