Seven & i Holdings Co has a quick ratio of 0.77. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Seven & i Holdings Co's Quick Ratio or its related term are showing as below:
TSE:3382'
s Quick Ratio Range Over the Past 10 Years
Min: 0.73 Med: 1.03 Max: 1.56
Current: 0.77
During the past 13 years, Seven & i Holdings Co's highest Quick Ratio was 1.56. The lowest was 0.73. And the median was 1.03.
TSE:3382's Quick Ratio is ranked worse than 56.43% of 319
companies
in the Retail - Defensive industry
Industry Median: 0.86
vs TSE:3382: 0.77
Seven & i Holdings Co Quick Ratio Historical Data
The historical data trend for Seven & i Holdings Co'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 Seven & i Holdings Co's Quick Ratio
For the Grocery Stores subindustry, Seven & i Holdings Co'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.
Seven & i Holdings Co's Quick Ratio Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Seven & i Holdings Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Seven & i Holdings Co's Quick Ratio falls into.
Seven & i Holdings Co 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.
Seven & i Holdings Co's Quick Ratio for the fiscal year that ended in Feb. 2024 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.
Seven & i Holdings Co (TSE:3382) 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.
Seven & i Holdings Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Seven & i Holdings Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Seven & i Holdings operates 7-Eleven, the world's largest convenience store chain, with more than 84,000 stores, including nearly 49,000 operated by licensees globally. Convenience stores, mainly in Japan and North America, represent 86% of group sales (81% of operating revenue) and around 90% of operating profits. 7-Eleven Japan, the market leader in Japan's convenience store industry, has acquired 46% value share and 38% share in store count. 7-Eleven, the largest convenience store chain in the US, made a $21 billion acquisition of Speedway in 2020. The deal increased its total store count to more than 13,000. Other retail includes superstores and specialty retailers, both of which have low margins. The financial business, mainly ATM operations, is another key profit contributor.
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