Switch to:

Cedar Fair LP Quick Ratio

: 1.60 (As of Jun. 2020)
View and export this data going back to 1987. Start your Free Trial

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. Cedar Fair LP's quick ratio for the quarter that ended in Jun. 2020 was 1.60.

Cedar Fair LP has a quick ratio of 1.60. It generally indicates good short-term financial strength.

NYSE:FUN' s Quick Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.3   Max: 1.6
Current: 1.6
0.07
1.6

During the past 13 years, Cedar Fair LP's highest Quick Ratio was 1.60. The lowest was 0.07. And the median was 0.30.

NYSE:FUN's Quick Ratio is ranked higher than
67% of the 872 Companies
in the Travel & Leisure industry.

( Industry Median: 1.12 vs. NYSE:FUN: 1.60 )

Cedar Fair LP 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.

Cedar Fair LP Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.70 0.96 0.72 0.81

Cedar Fair LP Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 1.26 1.05 0.81 0.48 1.60
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.

Cedar Fair LP Quick Ratio Distribution

* The bar in red indicates where Cedar Fair LP's Quick Ratio falls into.


Cedar Fair LP 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.

Cedar Fair LP's Quick Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Quick Ratio (A: Dec. 2019 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(294.181-32.902)/324.138
=0.81

Cedar Fair LP's Quick Ratio for the quarter that ended in Jun. 2020 is calculated as

Quick Ratio (Q: Jun. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(415.286-45.58)/231.473
=1.60

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

Cedar Fair LP  (NYSE:FUN) 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.

Cedar Fair LP Quick Ratio Related Terms

Cedar Fair LP Quick Ratio Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)