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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. Altra Industrial Motion's quick ratio for the quarter that ended in Dec. 2022 was 1.32.
Altra Industrial Motion has a quick ratio of 1.32. It generally indicates good short-term financial strength.
The historical rank and industry rank for Altra Industrial Motion's Quick Ratio or its related term are showing as below:
During the past 13 years, Altra Industrial Motion's highest Quick Ratio was 2.16. The lowest was 1.02. And the median was 1.49.
The historical data trend for Altra Industrial Motion'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.
Altra Industrial Motion Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 1.40 | 1.31 | 1.49 | 2.16 | 1.32 |
Altra Industrial Motion Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Quick Ratio | Get a 7-Day Free Trial | 2.16 | 2.15 | 1.45 | 1.41 | 1.32 |
For the Specialty Industrial Machinery subindustry, Altra Industrial Motion'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.
For the Industrial Products industry and Industrials sector, Altra Industrial Motion's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Altra Industrial Motion'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.
Altra Industrial Motion's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Quick Ratio (A: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (836.4 | - | 338.9) | / | 377.3 | |
= | 1.32 |
Altra Industrial Motion's Quick Ratio for the quarter that ended in Dec. 2022 is calculated as
Quick Ratio (Q: Dec. 2022 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (836.4 | - | 338.9) | / | 377.3 | |
= | 1.32 |
* 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.
Altra Industrial Motion (NAS:AIMC) 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.
Thank you for viewing the detailed overview of Altra Industrial Motion's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
La Vonda Williams | director | 201 MONTGOMERY STREET, #751, JERSEY CITY NJ 07302 |
Haughey Nicole Parent | director | UNITED TECHNOLOGIES CORPORATION, ONE FINANCIAL PLAZA, HARTFORD CT 06101 |
Margot Hoffman | director | 6368 CHAMPIONS DRIVE, WESTERVILLE OH 43082 |
Thomas W Swidarski | director | 5995 MAYFAIR RD, P O BOX 3077, NORTH CANTON OH 44720 |
Todd Patriacca | officer: EVP, CFO and Treasurer | C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184 |
Glenn E. Deegan | officer: Chief Legal and HR Officer | C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184 |
J Scott Hall | director | 1200 ABERNATHY ROAD NE, SUITE 1200, ATLANTA GA 30328 |
Christian Storch | officer: Chief Financial Officer | C/O ALTRA INDUSTRIAL MOTION, 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184 |
Woodward James H Jr | director | 7140 OFFICE CIRCLE, EVANSVILLE IN 47716 |
Craig Schuele | officer: VP Mktg&Bus Dev (see Remarks) | C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184 |
Carl R Christenson | officer: President and COO | C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184 |
Lyle G. Ganske | director | C/O ALTRA INDUSTRIAL MOTION, INC., 300 GRANITE STREET SUITE 201, BRAINTREE MA 02184 |
Larry Mcpherson | director | C/O MEDICAL STAFFING NETWORK HOLDINGS, 901 YAMATO ROAD, SUITE 110, BOCA RATON FL 33431 |
Lipscomb S Michael | director | SIFCO INDUSTRIES, INC., 970 EAST 64TH STREET, CLEVELAND OH 44103 |
Patrick K Murphy | director | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
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