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. Eurazeo SE's quick ratio for the quarter that ended in Dec. 2023 was 0.38.
Eurazeo SE has a quick ratio of 0.38. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Eurazeo SE's Quick Ratio or its related term are showing as below:
EUZOF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.38 Med: 1.15 Max: 3.52
Current: 0.38
During the past 13 years, Eurazeo SE's highest Quick Ratio was 3.52. The lowest was 0.38. And the median was 1.15.
EUZOF's Quick Ratio is ranked worse than 92.41% of 685
companies
in the Asset Management industry
Industry Median: 2.76
vs EUZOF: 0.38
Eurazeo SE Quick Ratio Historical Data
The historical data trend for Eurazeo SE'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 Eurazeo SE's Quick Ratio
For the Asset Management subindustry, Eurazeo SE'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.
Eurazeo SE's Quick Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Eurazeo SE's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Eurazeo SE's Quick Ratio falls into.
Eurazeo SE 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.
Eurazeo SE'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.
Eurazeo SE (OTCPK:EUZOF) 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.
Eurazeo SE Quick Ratio Related Terms
Thank you for viewing the detailed overview of Eurazeo SE's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Eurazeo SE is an investment holding company operating as a conglomerate of four private equity segments. The company makes investments across a diverse array of industries and asset sizes, mostly in Europe. Eurazeo Capital, the company's greatest revenue contributor, makes investments in medium and large-sized companies above a certain asset threshold. Its other divisions consist of investments in small- and medium-sized companies, provide growth capital to smaller-sized enterprises, and make investments in real assets. The company is increasingly expanding into the Chinese, Brazilian, and American markets. Eurazeo measures performance by changes in net asset value.
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