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Compagnie Financiere Richemont Quick Ratio

: 1.74 (As of Mar. 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. Compagnie Financiere Richemont's quick ratio for the quarter that ended in Mar. 2022 was 1.74.

Compagnie Financiere Richemont has a quick ratio of 1.74. It generally indicates good short-term financial strength.

The historical rank and industry rank for Compagnie Financiere Richemont's Quick Ratio or its related term are showing as below:

CFRHF' s Quick Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.8   Max: 2.37
Current: 1.74

During the past 13 years, Compagnie Financiere Richemont's highest Quick Ratio was 2.37. The lowest was 0.61. And the median was 1.80.

CFRHF's Quick Ratio is ranked better than
76.85% of 1123 companies
in the Retail - Cyclical industry
Industry Median: 0.91 vs CFRHF: 1.74

Compagnie Financiere Richemont Quick Ratio Historical Data

The historical data trend for Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.30 1.76 1.73 1.83 1.74

Compagnie Financiere Richemont Semi-Annual Data
Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22
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 1.73 1.94 1.83 1.75 1.74

Competitive Comparison

For the Luxury Goods subindustry, Compagnie Financiere Richemont'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.

   

Compagnie Financiere Richemont Quick Ratio Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Compagnie Financiere Richemont's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Compagnie Financiere Richemont's Quick Ratio falls into.



Compagnie Financiere Richemont 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.

Compagnie Financiere Richemont's Quick Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Quick Ratio (A: Mar. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(26180.00299094-7321.6136634368)/10836.483273944
=1.74

Compagnie Financiere Richemont's Quick Ratio for the quarter that ended in Mar. 2022 is calculated as

Quick Ratio (Q: Mar. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(26180.00299094-7321.6136634368)/10836.483273944
=1.74

* 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.


Compagnie Financiere Richemont  (OTCPK:CFRHF) 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.


Compagnie Financiere Richemont Quick Ratio Related Terms

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Compagnie Financiere Richemont Business Description

Compagnie Financiere Richemont logo
Address
50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293
Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up over 70% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 56% of revenue and over 95% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc. Online businesses include Yoox Net-a-Porter.

Compagnie Financiere Richemont Headlines

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