Sopharma AD-Sofia (XBUL:SFA) Quick Ratio : 0.73 (As of Dec. 2023)

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What is Sopharma AD-Sofia 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. Sopharma AD-Sofia's quick ratio for the quarter that ended in Dec. 2023 was 0.73.

Sopharma AD-Sofia has a quick ratio of 0.73. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Sopharma AD-Sofia's Quick Ratio or its related term are showing as below:

XBUL:SFA' s Quick Ratio Range Over the Past 10 Years
Min: 0.6 Med: 0.74 Max: 0.86
Current: 0.73

During the past 13 years, Sopharma AD-Sofia's highest Quick Ratio was 0.86. The lowest was 0.60. And the median was 0.74.

XBUL:SFA's Quick Ratio is ranked worse than
78.57% of 98 companies
in the Medical Distribution industry
Industry Median: 1.085 vs XBUL:SFA: 0.73

Sopharma AD-Sofia Quick Ratio Historical Data

The historical data trend for Sopharma AD-Sofia'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.

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Sopharma AD-Sofia Quick Ratio Chart

Sopharma AD-Sofia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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0.66

0.60

0.74

0.72

0.73

Sopharma AD-Sofia Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															0.72	0.76	0.66	0.73	0.73

Competitive Comparison of Sopharma AD-Sofia's Quick Ratio

For the Medical Distribution subindustry, Sopharma AD-Sofia'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.

Sopharma AD-Sofia's Quick Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Sopharma AD-Sofia's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Sopharma AD-Sofia's Quick Ratio falls into.

Sopharma AD-Sofia 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.

Sopharma AD-Sofia'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
	=	(787.063	-	339.333)	/	609.19
	=	0.73

Sopharma AD-Sofia's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(787.063	-	339.333)	/	609.19
	=	0.73

Sopharma AD-Sofia (XBUL:SFA) 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.

Sopharma AD-Sofia Quick Ratio Related Terms

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Sopharma AD-Sofia (XBUL:SFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sopharma AD-Sofia (XBUL:SFA) » Definitions » Quick Ratio

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Traded in Other Exchanges

SPH:Poland

Address

5 Lachezar Stanchev Street, Sopharma Business Towers, Building A, Floor 11, Sofia, BGR, 1756

Website

https://www.sopharmagroup.com

Sopharma AD-Sofia is a company engaged in the production of pharmaceutical products. Its principal activities include the production and trade of medicinal substances and finished drug forms; and research and development as well as engineering and implementation activities in the field of medicinal products. It is also focused on the distribution of pharmaceuticals like medical supplies, sanitary materials, vitamins, food supplements, and cosmetics. The company's segments are organized based on the production of finished products which include Tablet dosage forms, Ampoule dosage forms, Medical products, Other forms, and Other revenue. Geographically company operates in Bulgaria and internationally.

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