Lauritz com Group AS (OSTO:LAUR) Quick Ratio: 0.52 (As of Mar. 2023)

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OSTO:LAUR Lauritz com Group AS OSTO:LAUR
4 GF Score
Price kr0.24
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What is Lauritz com Group AS Quick Ratio?

Lauritz com Group AS OSTO:LAUR 4 Quick Ratio is 0.52 as of Mar. 2023. GuruFocus rates OSTO:LAUR with a GF Score™ of 4/100.

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. Lauritz com Group AS's quick ratio for the quarter that ended in Mar. 2023 was 0.52.

Lauritz com Group AS has a quick ratio of 0.52. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Lauritz com Group AS's Quick Ratio or its related term are showing as below:

OSTO:LAUR's Quick Ratio is not ranked *
in the Retail - Cyclical industry.
Industry Median: 0.87
* Ranked among companies with meaningful Quick Ratio only.

Lauritz com Group AS  (OSTO:LAUR) 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.


Lauritz com Group AS Quick Ratio Related Terms


Lauritz com Group AS Quick Ratio Historical Data

* Premium members only.

The historical data trend for Lauritz com Group AS'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.

Lauritz com Group AS Quick Ratio Chart

Lauritz com Group AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.38 0.75 0.95 0.77

Lauritz com Group AS Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.90 0.86 0.77 0.77 0.52

OSTO:LAUR vs ORLY, AZO, TSCO: Quick Ratio Comparison

For the Specialty Retail subindustry, Lauritz com Group AS'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.


Lauritz com Group AS Quick Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lauritz com Group AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Lauritz com Group AS's Quick Ratio falls into.


OSTO:LAUR
4GF Score
Lauritz com Group AS OSTO:LAUR
Quick Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lauritz com Group AS 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.

Lauritz com Group AS's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(62.949-0.065)/81.83
=0.77

Lauritz com Group AS's Quick Ratio for the quarter that ended in Mar. 2023 is calculated as

Quick Ratio (Q: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(54.982-0.228)/105.952
=0.52

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.52 mean?
Lauritz com Group AS (OSTO:LAUR) has a Quick Ratio of 0.52 as of Mar. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Lauritz com Group AS and its competitors.
Is Lauritz com Group AS's Quick Ratio too high?
Lauritz com Group AS's current Quick Ratio is 0.52. The Retail - Cyclical industry median Quick Ratio is 0.87. Lauritz com Group AS's value of 0.52 is 40.2% below this industry median. Overall, Lauritz com Group AS has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Lauritz com Group AS's Quick Ratio compare to ORLY and AZO?
Lauritz com Group AS's Quick Ratio of 0.52 can be compared against companies in the Retail - Cyclical industry. The industry median Quick Ratio is 0.87. Lauritz com Group AS's value of 0.52 is 40.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Retail - Cyclical company?
The median Quick Ratio among Retail - Cyclical companies is 0.87, based on 1,135 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lauritz com Group AS's current Quick Ratio of 0.52 is 40.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Lauritz com Group AS and its competitors. For the Retail - Cyclical industry, the median Quick Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lauritz com Group AS's current Quick Ratio is 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lauritz com Group AS stock overvalued right now?
Lauritz com Group AS (OSTO:LAUR) has a current Quick Ratio of 0.52. The current Quick Ratio is 0.52 and 40.2% below the Retail - Cyclical industry median of 0.87. Lauritz com Group AS's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Lauritz com Group AS (OSTO:LAUR), the current Quick Ratio is 0.52 as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lauritz com Group AS Business Description

Address Dynamovej 11C, Soborg, DNK, 2860
Lauritz com Group AS provides online auctions service. It offers traditional auctions of art, design, antiques & home luxury online. The company operates through its own auction houses and auction houses operated by partners under partnership agreements. The products auctioned by the company include carpets, rugs, textiles, clothing, shoes, accessories, electronics, furniture, sports and leisure, home and garden, paintings, etc.
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Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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