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. Grupa Kety's quick ratio for the quarter that ended in Mar. 2024 was 0.99.
Grupa Kety has a quick ratio of 0.99. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Grupa Kety's Quick Ratio or its related term are showing as below:
WAR:KTY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.65 Med: 0.85 Max: 1.23
Current: 0.99
During the past 13 years, Grupa Kety's highest Quick Ratio was 1.23. The lowest was 0.65. And the median was 0.85.
WAR:KTY's Quick Ratio is ranked worse than 64.5% of 2673
companies
in the Metals & Mining industry
Industry Median: 1.79
vs WAR:KTY: 0.99
Grupa Kety Quick Ratio Historical Data
The historical data trend for Grupa Kety'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 Grupa Kety's Quick Ratio
For the Aluminum subindustry, Grupa Kety'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.
Grupa Kety's Quick Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Grupa Kety's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Grupa Kety's Quick Ratio falls into.
Grupa Kety 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.
Grupa Kety'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.
Grupa Kety (WAR:KTY) 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.
Grupa Kety Quick Ratio Related Terms
Thank you for viewing the detailed overview of Grupa Kety's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Grupa Kety SA manufactures and sells extruded aluminum and other aluminum products primarily to industrial customers. The firm organizes itself into five segments based on product. The Extruded Products segment manufactures aluminum profiles. The Flexible Packaging segment produces and sells packaging to the food industry. The Aluminum Systems segment, which generates the most revenue of any segment, sells aluminum systems to the building industry. The Building Accessories and Building Services segments produce and sell hardware and aluminum facades to the construction industry. The vast majority of Grupa Kety's revenue comes from Poland, where the company's operations are also located.
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