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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. Reading International's quick ratio for the quarter that ended in Dec. 2023 was 0.29.
Reading International has a quick ratio of 0.29. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Reading International's Quick Ratio or its related term are showing as below:
During the past 13 years, Reading International's highest Quick Ratio was 1.08. The lowest was 0.23. And the median was 0.43.
The historical data trend for Reading International'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.
Reading International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Quick Ratio | Get a 7-Day Free Trial | 0.23 | 0.46 | 0.92 | 0.38 | 0.29 |
Reading International Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Quick Ratio | Get a 7-Day Free Trial | 0.38 | 0.25 | 0.35 | 0.31 | 0.29 |
For the Entertainment subindustry, Reading International'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 Media - Diversified industry and Communication Services sector, Reading International's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Reading International'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.
Reading International's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Quick Ratio (A: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (38.71 | - | 1.648) | / | 127.083 | |
= | 0.29 |
Reading International's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as
Quick Ratio (Q: Dec. 2023 ) | = | (Total Current Assets | - | Total Inventories) | / | Total Current Liabilities |
= | (38.71 | - | 1.648) | / | 127.083 | |
= | 0.29 |
* 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.
Reading International (NAS:RDI) 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 Reading International's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Cuban | 10 percent owner | 5424 DELOACHE AVENUE, DALLAS TX 75220 |
Robert F Smerling | officer: President - Domestic Cinemas | 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040 |
Ellen M Cotter | officer: COO - Domestic Cinemas | C/O READING INTERNATIONAL, 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040 |
Margaret Cotter | director | 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040 |
James J. Cotter Living Trust | 10 percent owner, other: Member of Sec.13(d)(3) Group | 6100 CENTER DRIVE, SUITE 900, LOS ANGELES CA 90045 |
Edward Lewis Kane | director | 7405 HIGH AVE, LAJOLLA CA 92037 |
Gilbert Avanes | officer: Vice President, FP & A | 5236 MARYLAND AVE, LA CRESCENTA CA 91214 |
Douglas James Mceachern | director | 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 90814 |
Devasis Ghose | officer: Chief Financial Officer | 1155 VALLEY STREET, SUITE 400, SEATTLE WA 98109 |
Cotter James J Jr | director, 10 percent owner, officer: See Remarks | C/O READING INTERNATIONAL, INC., 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040 |
Sidney Craig Tompkins | officer: EVP, General Counsel | 5995 SEPULVEDA BOULEVARD, SUITE 300, CULVER CITY CA 90230 |
Steven John Lucas | officer: VP, Controller & CAO | 32 IZARD ROAD, KHANDALLAH, WELLINGTON Q2 6035 |
Matthew Benedict Bourke | officer: Mang Dir-Real Estate- Aus & NZ | 4 LUCAS STREET, EAST BRIGHTON, MELBOURNE C3 3187 |
Michael J. Wrotniak | director | 32 ELMSMERE ROAD, MOUNT VERNON NY 10552 |
Judy Bond Codding | director | 2266 CANYONBACK ROAD, LOS ANGELES CA 90049 |
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