Rias A/S (OCSE:RIAS B) Quick Ratio

: 2.11 (As of Sep. 2022)

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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. Rias A/S's quick ratio for the quarter that ended in Sep. 2022 was 2.11.

Rias A/S has a quick ratio of 2.11. It generally indicates good short-term financial strength.

The historical rank and industry rank for Rias A/S's Quick Ratio or its related term are showing as below:

OCSE:RIAS B' s Quick Ratio Range Over the Past 10 Years
Min: 1.16 Med: 2.07 Max: 3.48
Current: 2.11

During the past 13 years, Rias A/S's highest Quick Ratio was 3.48. The lowest was 1.16. And the median was 2.07.

OCSE:RIAS B's Quick Ratio is ranked better than
82.62% of 374 companies
in the Building Materials industry
Industry Median: 0.98 vs OCSE:RIAS B: 2.11

Rias A/S Quick Ratio Historical Data

The historical data trend for Rias A/S'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.

Rias A/S Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Quick Ratio

2.54

2.16

1.56

1.79

2.11

Rias A/S Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Quick Ratio																1.56	1.52	1.79	1.64	2.11

Competitive Comparison

For the Building Materials subindustry, Rias A/S'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.

Annual Data Quarterly Data

Rias A/S Quick Ratio Distribution

For the Building Materials industry and Basic Materials sector, Rias A/S's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Rias A/S's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.

Rias A/S 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.

Rias A/S's Quick Ratio for the fiscal year that ended in Sep. 2022 is calculated as

Quick Ratio (A: Sep. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(131.432	-	24.205)	/	50.766
	=	2.11

Rias A/S's Quick Ratio for the quarter that ended in Sep. 2022 is calculated as

Quick Ratio (Q: Sep. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(131.432	-	24.205)	/	50.766
	=	2.11

Rias A/S (OCSE:RIAS B) 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.

Rias A/S Quick Ratio Related Terms

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Rias A/S (OCSE:RIAS B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Rias A/S (OCSE:RIAS B) » Definitions » Quick Ratio

Traded in Other Exchanges

N/A

Address

Industrivej 11, Roskilde, DNK, 4000

Website

https://www.rias.dk

Rias A/S distributes semi-manufactured plastic products for building and construction work as well as the industry and public sector in Scandinavia. It operates through the construction and industry product sectors. The Construction sector sells and distributes semi-manufactured plastics for the building and construction sectors. The Industry sector provides semi-manufactured plastics for the industrial and public sectors. Its other products include facade cladding, easywall wet room panel, uniSoft rubber tiles, Plexiglas/acrylic panels and hobbies, windshield accessories, moisture insulation for basement walls, office chairs and cover plates. Key revenue is generated from domestic sales.

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