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Bilia AB (OSTO:BILI A) Quick Ratio : 0.47 (As of Sep. 2024)


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What is Bilia AB 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. Bilia AB's quick ratio for the quarter that ended in Sep. 2024 was 0.47.

Bilia AB has a quick ratio of 0.47. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Bilia AB's Quick Ratio or its related term are showing as below:

OSTO:BILI A' s Quick Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.36   Max: 0.59
Current: 0.47

During the past 13 years, Bilia AB's highest Quick Ratio was 0.59. The lowest was 0.26. And the median was 0.36.

OSTO:BILI A's Quick Ratio is ranked worse than
88.47% of 1318 companies
in the Vehicles & Parts industry
Industry Median: 1.05 vs OSTO:BILI A: 0.47

Bilia AB Quick Ratio Historical Data

The historical data trend for Bilia AB'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.

Bilia AB Quick Ratio Chart

Bilia AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.59 0.42 0.36 0.38

Bilia AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.35 0.38 0.38 0.35 0.47

Competitive Comparison of Bilia AB's Quick Ratio

For the Auto & Truck Dealerships subindustry, Bilia AB'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.


Bilia AB's Quick Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bilia AB's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Bilia AB's Quick Ratio falls into.



Bilia AB 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.

Bilia AB's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(7607-4790)/7415
=0.38

Bilia AB's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(7573-4582)/6392
=0.47

* 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.


Bilia AB  (OSTO:BILI A) 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.


Bilia AB Quick Ratio Related Terms

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Bilia AB Business Description

Traded in Other Exchanges
Address
Norra Langebergsgatan 3, Vastra Frolunda, Box 9003, Gothenburg, SWE, SE-400 91
Bilia AB is a Scandinavian car retail company. The company is split into three business segments: Service, Car, and Fuel. The Car segment, which offers both new and used cars and transport vehicles, generates the majority of the company's revenue. Its lineup of car brands focuses on the medium price range of automobiles. The Sevice segment is composed of service and damage centers, spare parts, car washes, tyre and glass centers, and other accessory services. The Fuel segment includes fuel sales in Sweden. The company's geographical segments include Sweden, Norway, Germany, Luxembourg, and Belgium.

Bilia AB Headlines

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