Crown Resorts (ASX:CWNHB.PFD) Quick Ratio

: 1.84 (As of Dec. 2021)

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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. Crown Resorts's quick ratio for the quarter that ended in Dec. 2021 was 1.84.

Crown Resorts has a quick ratio of 1.84. It generally indicates good short-term financial strength.

The historical rank and industry rank for Crown Resorts's Quick Ratio or its related term are showing as below:

ASX:CWNHB.PFD' s Quick Ratio Range Over the Past 10 Years
Min: 0.52 Med: 1.09 Max: 7.26
Current: 1.84

During the past 13 years, Crown Resorts's highest Quick Ratio was 7.26. The lowest was 0.52. And the median was 1.09.

ASX:CWNHB.PFD's Quick Ratio is not ranked
in the Travel & Leisure industry.
Industry Median: 1.1 vs ASX:CWNHB.PFD: 1.84

Crown Resorts Quick Ratio Historical Data

The historical data trend for Crown Resorts'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.

* Premium members only.

Crown Resorts Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Quick Ratio

1.81

2.44

1.20

0.66

0.98

Crown Resorts Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Quick Ratio																1.08	0.66	0.61	0.98	1.84

Competitive Comparison

For the Resorts & Casinos subindustry, Crown Resorts'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.

Crown Resorts Quick Ratio Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Crown Resorts's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Crown Resorts's Quick Ratio falls into.

Crown Resorts 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.

Crown Resorts's Quick Ratio for the fiscal year that ended in Jun. 2021 is calculated as

Quick Ratio (A: Jun. 2021 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1053.6	-	21.5)	/	1047.9
	=	0.98

Crown Resorts's Quick Ratio for the quarter that ended in Dec. 2021 is calculated as

Quick Ratio (Q: Dec. 2021 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1124.9	-	27.4)	/	597.1
	=	1.84

Crown Resorts (ASX:CWNHB.PFD) 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.

Crown Resorts Quick Ratio Related Terms

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Crown Resorts (ASX:CWNHB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Crown Resorts Ltd (ASX:CWNHB.PFD) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Whiteman Street, Level 3, Crown Towers, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.crownresorts.com.au

Crown Resorts is Australia's largest hotel-casino company. Its flagship property is Crown Melbourne, an integrated complex with more than 2,600 electronic game machines, or EGMs, 540 tables, and three hotels. Crown also operates Crown Perth, a property with more than 2,500 EGMs, 350 tables, and three hotels. Crown has also obtained a licence to operate Sydney's second casino, Crown Sydney, centred on the VIP and premium gaming market. The company also operates Aspinall's, a boutique, premium-focussed casino in London.

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