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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. Smart & Final Stores's quick ratio for the quarter that ended in Mar. 2019 was 0.27.
Smart & Final Stores has a quick ratio of 0.27. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Smart & Final Stores's Quick Ratio or its related term are showing as below:
The historical data trend for Smart & Final Stores'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.
Smart & Final Stores Annual Data | |||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||
Quick Ratio | Get a 7-Day Free Trial | 0.63 | 0.45 | 0.39 | 0.34 | 0.34 |
Smart & Final Stores Quarterly Data | ||||||||||||||||||||
Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | |
Quick Ratio | Get a 7-Day Free Trial | 0.31 | 0.30 | 0.34 | 0.34 | 0.27 |
For the Grocery Stores subindustry, Smart & Final Stores'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.
For the Retail - Defensive industry and Consumer Defensive sector, Smart & Final Stores's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Smart & Final Stores's Quick Ratio falls into.
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.
Smart & Final Stores's Quick Ratio for the fiscal year that ended in Dec. 2018 is calculated as
Quick Ratio (A: Dec. 2018 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (438.272 | - | 301.938) | / | 404.837 | |
= | 0.34 |
Smart & Final Stores's Quick Ratio for the quarter that ended in Mar. 2019 is calculated as
Quick Ratio (Q: Mar. 2019 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (408.281 | - | 286.902) | / | 449.833 | |
= | 0.27 |
* 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.
Smart & Final Stores (NYSE:SFS) 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.
Thank you for viewing the detailed overview of Smart & Final Stores's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Derek R Jones | officer: President, Smart Foodservice | C/O 850 - 76TH STREET, S.W., P.O. BOX 8700, GRAND RAPIDS MI 49518 |
Ares Management Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Corporate Opportunities Fund Iii Lp | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Acof Operating Manager Iii Llc | 10 percent owner | C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Management Corp | 10 percent owner | 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Management Holdings L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067 |
Ares Partners Holdco Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Management Gp Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Holdings Inc. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Holdco Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Voting Llc | 10 percent owner | C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Norman Axelrod | director | |
Joseph S. Tesoriero | director | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Ares Corporate Opportunities Fund Iv, L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Acof Operating Manager Iv, Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
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