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Iron Mountain Quick Ratio

: 0.80 (As of Jun. 2021)
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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. Iron Mountain's quick ratio for the quarter that ended in Jun. 2021 was 0.80.

Iron Mountain has a quick ratio of 0.80. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Iron Mountain's Quick Ratio or its related term are showing as below:

NYSE:IRM' s Quick Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1   Max: 1.67
Current: 0.8

0.45
1.67

During the past 13 years, Iron Mountain's highest Quick Ratio was 1.67. The lowest was 0.45. And the median was 1.00.

NYSE:IRM's Quick Ratio is ranked lower than
62% of the 26 Companies
in the REITs industry.

( Industry Median: 1.30 vs. NYSE:IRM: 0.80 )

Iron Mountain Quick Ratio Historical Data

The historical data trend for Iron Mountain'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.

* Premium members only.

Iron Mountain Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.06 1.47 0.81 0.63 0.64

Iron Mountain Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 0.80 0.60 0.64 0.61 0.80

Competitive Comparison

For the REIT - Specialty subindustry, Iron Mountain'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.

   

Iron Mountain Quick Ratio Distribution

For the REITs industry and Real Estate sector, Iron Mountain's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Iron Mountain's Quick Ratio falls into.



Iron Mountain 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.

Iron Mountain's Quick Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Quick Ratio (A: Dec. 2020 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1269.787-0)/1995.695
=0.64

Iron Mountain's Quick Ratio for the quarter that ended in Jun. 2021 is calculated as

Quick Ratio (Q: Jun. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1390.608-0)/1748.202
=0.80

* 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.


Iron Mountain  (NYSE:IRM) 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.


Iron Mountain Quick Ratio Related Terms

Thank you for viewing the detailed overview of Iron Mountain's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Iron Mountain Business Description

Iron Mountain logo
Industry
Real Estate » REITs NAICS : 523991 SIC : 6798
Traded in Other Exchanges
Address
One Federal Street, Boston, MA, USA, 02110
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.
Executives
Simons Doyle director 220 OCCIDENTAL AVENUE SOUTH SEATTLE WA 98104
Matlock Robin director C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110
Verrecchia Alfred J director C/O HASBRO INC 1011 NEWPORT AVENUE PAWTUCKET RI 02862
Halvorsen Kris director 20330 STEVENS CREEK BLVD CUPERTINO CA 95014
Bailey Clark H director 10 OXFORD ROAD LARCHMONT NY 01538
Borges Daniel officer: SVP & Chief Accounting Officer C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110
Allerton Jennifer director C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110
Rakowich Walter C director 14100 E 35TH PL AURORA CO 80011
Arway Pamela M director 601 HAWAII ST. EL SEGUNDO CA 90245
Ford Monte E director C/O AKAMAI TECHNOLOGIES, INC. 8 CAMBRIDGE CENTER CAMBRIDGE MA 02142
Murdock Wendy J. director C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110
Deninger Paul F director C/O JEFFERIES & CO. 1050 WINTER STREET WALTHAM MA 02451
Dauten Kent P director KEYSTONE CAPITAL INC 520 LAKE COOK ROAD SUITE 450 DEERFIELD IL 60015
Antenucci Ted R director 14100 E 35TH PLACE AURORA CO 80011
Russo Fidelma officer: EVP, Chief Technology Officer C/O IRON MOUNTAIN INCORPORATED ONE FEDERAL STREET BOSTON MA 02110

Iron Mountain Headlines

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