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Origin Enterprises Quick Ratio

: 0.71 (As of Jan. 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. Origin Enterprises's quick ratio for the quarter that ended in Jan. 2022 was 0.71.

Origin Enterprises has a quick ratio of 0.71. It indicates that the company cannot currently fully pay back its current liabilities.

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

ORENF' s Quick Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.84   Max: 1.1
Current: 0.71

During the past 13 years, Origin Enterprises's highest Quick Ratio was 1.10. The lowest was 0.60. And the median was 0.84.

ORENF's Quick Ratio is ranked worse than
69.31% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 1.05 vs ORENF: 0.71

Origin Enterprises Quick Ratio Historical Data

The historical data trend for Origin Enterprises'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.

Origin Enterprises Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.97 0.91 0.91 0.95 0.88

Origin Enterprises Semi-Annual Data
Jul12 Jan13 Jul13 Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22
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 0.89 0.95 0.84 0.88 0.71

Competitive Comparison

For the Farm Products subindustry, Origin Enterprises'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.

   

Origin Enterprises Quick Ratio Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Origin Enterprises's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Origin Enterprises's Quick Ratio falls into.



Origin Enterprises 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.

Origin Enterprises's Quick Ratio for the fiscal year that ended in Jul. 2021 is calculated as

Quick Ratio (A: Jul. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(995.17612293144-253.21631205674)/843.1524822695
=0.88

Origin Enterprises's Quick Ratio for the quarter that ended in Jan. 2022 is calculated as

Quick Ratio (Q: Jan. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(978.40497737557-414.52601809955)/789.72171945701
=0.71

* 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.


Origin Enterprises  (OTCPK:ORENF) 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.


Origin Enterprises Quick Ratio Related Terms

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


Origin Enterprises Business Description

Origin Enterprises logo
Industry
Traded in Other Exchanges
Address
4-6 Riverwalk, Citywest Business Campus, Dublin, IRL, 24
Origin Enterprises PLC is an agri-service business with operations throughout Europe. It provides technologies and strategic products to support food production systems for primary food producers. The company acts as an advisor for varietal selection, nutrition, crop protection, and other techniques to improve crop performance. Fertilizers, animal feed, seeds, and other agricultural supplements are sold to enhance farming productivity. It delivers products to farms from local distribution centers, and agronomists study the timing of applications to achieve the best results for customers. Farm visitations happen throughout each year, and soil and tissue analysis is conducted to either stop deficiencies or prevent future occurrences.

Origin Enterprises Headlines

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