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. Top Shelf International Holdings's quick ratio for the quarter that ended in Dec. 2023 was 0.27.
Top Shelf International Holdings has a quick ratio of 0.27. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Top Shelf International Holdings's Quick Ratio or its related term are showing as below:
ASX:TSI'
s Quick Ratio Range Over the Past 10 Years
Min: 0.18 Med: 1.5 Max: 3.07
Current: 0.27
During the past 4 years, Top Shelf International Holdings's highest Quick Ratio was 3.07. The lowest was 0.18. And the median was 1.50.
ASX:TSI's Quick Ratio is ranked worse than 90.65% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 0.955
vs ASX:TSI: 0.27
Top Shelf International Holdings Quick Ratio Historical Data
The historical data trend for Top Shelf International Holdings'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.
Top Shelf International Holdings Annual Data
Trend
Jun20
Jun21
Jun22
Jun23
Quick Ratio
3.47
1.50
1.91
0.18
Top Shelf International Holdings Semi-Annual Data
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Quick Ratio
3.07
1.91
1.13
0.18
0.27
Competitive Comparison
For the Beverages - Brewers subindustry, Top Shelf International Holdings'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.
Top Shelf International Holdings Quick Ratio Distribution
For the Beverages - Alcoholic industry and Consumer Defensive sector, Top Shelf International Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Top Shelf International Holdings's Quick Ratio falls into.
Top Shelf International Holdings 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.
Top Shelf International Holdings's Quick Ratio for the fiscal year that ended in Jun. 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.
Top Shelf International Holdings (ASX:TSI) 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.
Top Shelf International Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Top Shelf International Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Top Shelf International Holdings (ASX:TSI) Business Description
Top Shelf International Holdings Ltd is a beverages manufacturer and distributor in Australia. The company's beverage manufacturing capability includes spirit distillation, maturation, mixing, carbonation along with canning and glass and PET bottling lines for supply into domestic and international markets of non-alcoholic and alcoholic beverages.
Top Shelf International Holdings (ASX:TSI) Headlines
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