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. AUTO1 Group's quick ratio for the quarter that ended in Dec. 2024 was 1.58.
AUTO1 Group has a quick ratio of 1.58. It generally indicates good short-term financial strength.
The historical rank and industry rank for AUTO1 Group's Quick Ratio or its related term are showing as below:
XTER:AG1'
s Quick Ratio Range Over the Past 10 Years
Min: 0.67 Med: 1.55 Max: 2.69
Current: 1.58
During the past 10 years, AUTO1 Group's highest Quick Ratio was 2.69. The lowest was 0.67. And the median was 1.55.
XTER:AG1's Quick Ratio is ranked better than 72.59% of 1317
companies
in the Vehicles & Parts industry
Industry Median: 1.03
vs XTER:AG1: 1.58
AUTO1 Group Quick Ratio Historical Data
The historical data trend for AUTO1 Group'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 AUTO1 Group's Quick Ratio
For the Auto & Truck Dealerships subindustry, AUTO1 Group'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.
AUTO1 Group's Quick Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, AUTO1 Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where AUTO1 Group'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.
AUTO1 Group's Quick Ratio for the fiscal year that ended in Dec. 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.
AUTO1 Group (XTER:AG1) 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.
AUTO1 Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of AUTO1 Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AUTO1 Group is a digital platform that facilitates the buying and selling of used cars online. It provides a simple and convenient way for both individual customers and professional car dealers across Europe to purchase and sell used cars at transparent prices, without the need for negotiation. AUTO1 Group has two main operating segments: Merchant and Retail. In the Merchant segment, used cars are sold to commercial car dealers through the AUTO1.com brand. The Merchant revenue includes auction fees, logistics services fees, and other charges associated with the provision of vehicles to dealers. The Retail segment focuses on selling used cars to private customers under the Autohero brand. However, the majority of the revenue is generated from the Merchant segment.
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