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Vodafone Group Quick Ratio

: 1.10 (As of Sep. 2020)
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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. Vodafone Group's quick ratio for the quarter that ended in Sep. 2020 was 1.10.

Vodafone Group has a quick ratio of 1.10. It generally indicates good short-term financial strength.

NAS:VOD' s Quick Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.7   Max: 2.85
Current: 1.1

0.28
2.85

During the past 13 years, Vodafone Group's highest Quick Ratio was 2.85. The lowest was 0.28. And the median was 0.70.

NAS:VOD's Quick Ratio is ranked higher than
54% of the 403 Companies
in the Telecommunication Services industry.

( Industry Median: 1.05 vs. NAS:VOD: 1.10 )

Vodafone Group Quick Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Vodafone Group Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.99 0.96 1.52 1.00

Vodafone Group Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 1.52 0.95 1.00 1.10

Competitive Comparison
* 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.


Vodafone Group Quick Ratio Distribution

* The bar in red indicates where Vodafone Group's Quick Ratio falls into.



Vodafone Group 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.

Vodafone Group's Quick Ratio for the fiscal year that ended in Mar. 2020 is calculated as

Quick Ratio (A: Mar. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(37846.408839779-646.40883977901)/37024.309392265
=1.00

Vodafone Group's Quick Ratio for the quarter that ended in Sep. 2020 is calculated as

Quick Ratio (Q: Sep. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(34707.89163722-713.78091872792)/30969.37573616
=1.10

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Vodafone Group  (NAS:VOD) 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.


Vodafone Group Quick Ratio Related Terms


Vodafone Group Quick Ratio Headlines

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