Diamond S Shipping Group (Diamond S Shipping Group) Quick Ratio : 0.58 (As of Mar. 2013)

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What is Diamond S Shipping Group Quick Ratio?

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. Diamond S Shipping Group's quick ratio for the quarter that ended in Mar. 2013 was 0.58.

Diamond S Shipping Group has a quick ratio of 0.58. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Diamond S Shipping Group's Quick Ratio or its related term are showing as below:

DSG' s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.54 Max: 0.58
Current: 0.5

During the past 2 years, Diamond S Shipping Group's highest Quick Ratio was 0.58. The lowest was 0.50. And the median was 0.54.

DSG's Quick Ratio is not ranked
in the Transportation industry.
Industry Median: 1.26 vs DSG: 0.50

Diamond S Shipping Group Quick Ratio Historical Data

The historical data trend for Diamond S Shipping Group'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.

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Diamond S Shipping Group Quick Ratio Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

Quick Ratio

0.70

0.58

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
Quick Ratio	0.70	0.58

Competitive Comparison of Diamond S Shipping Group's Quick Ratio

For the Marine Shipping subindustry, Diamond S Shipping Group'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.

Diamond S Shipping Group's Quick Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Diamond S Shipping Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Diamond S Shipping Group's Quick Ratio falls into.

Diamond S Shipping 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.

Diamond S Shipping Group's Quick Ratio for the fiscal year that ended in Mar. 2013 is calculated as

Quick Ratio (A: Mar. 2013 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(57.303	-	6.466)	/	87.209
	=	0.58

Diamond S Shipping Group's Quick Ratio for the quarter that ended in Mar. 2013 is calculated as

Quick Ratio (Q: Mar. 2013 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(57.303	-	6.466)	/	87.209
	=	0.58

Diamond S Shipping Group (NYSE:DSG) 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.

Diamond S Shipping Group Quick Ratio Related Terms

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Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » Quick Ratio

Comparable Companies

PRGNF TEUFF BSTN TOPS RLOG DRYS ESEA GTMAY PXS GLBS SHIP GNKOQ GSL NAO PANL NAP GASS NM DAC OSG

Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.