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. Budweiser Brewing Co APAC's quick ratio for the quarter that ended in Dec. 2023 was 0.82.
Budweiser Brewing Co APAC has a quick ratio of 0.82. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Budweiser Brewing Co APAC's Quick Ratio or its related term are showing as below:
FRA:4BB'
s Quick Ratio Range Over the Past 10 Years
Min: 0.37 Med: 0.55 Max: 0.82
Current: 0.82
During the past 7 years, Budweiser Brewing Co APAC's highest Quick Ratio was 0.82. The lowest was 0.37. And the median was 0.55.
FRA:4BB's Quick Ratio is ranked worse than 57.94% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 0.955
vs FRA:4BB: 0.82
Budweiser Brewing Co APAC Quick Ratio Historical Data
The historical data trend for Budweiser Brewing Co APAC'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.
For the Beverages - Brewers subindustry, Budweiser Brewing Co APAC'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.
Budweiser Brewing Co APAC Quick Ratio Distribution
For the Beverages - Alcoholic industry and Consumer Defensive sector, Budweiser Brewing Co APAC's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Budweiser Brewing Co APAC's Quick Ratio falls into.
Budweiser Brewing Co APAC 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.
Budweiser Brewing Co APAC'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.
Budweiser Brewing Co APAC (FRA:4BB) 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.
Budweiser Brewing Co APAC Quick Ratio Related Terms
Thank you for viewing the detailed overview of Budweiser Brewing Co APAC's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Budweiser Brewing Co APAC (FRA:4BB) Business Description
Budweiser Brewing Company APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2022 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.
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