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Boston Beer Co Quick Ratio

: 0.84 (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. Boston Beer Co's quick ratio for the quarter that ended in Jun. 2021 was 0.84.

Boston Beer Co has a quick ratio of 0.84. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Boston Beer Co's Quick Ratio or its related term are showing as below:

NYSE:SAM' s Quick Ratio Range Over the Past 10 Years
Min: 0.52   Med: 1.57   Max: 3.33
Current: 0.84

0.52
3.33

During the past 13 years, Boston Beer Co's highest Quick Ratio was 3.33. The lowest was 0.52. And the median was 1.57.

NYSE:SAM's Quick Ratio is ranked lower than
60% of the 205 Companies
in the Beverages - Alcoholic industry.

( Industry Median: 1.00 vs. NYSE:SAM: 0.84 )

Boston Beer Co Quick Ratio Historical Data

The historical data trend for Boston Beer Co'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.

Boston Beer Co 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 1.39 1.16 1.34 0.62 1.09

Boston Beer Co 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 0.97 1.19 1.09 1.07 0.84

Competitive Comparison

For the Beverages - Brewers industry, Boston Beer Co'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.

   

Boston Beer Co Quick Ratio Distribution

For the Beverages - Brewers industry and Consumer Defensive sector, Boston Beer Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Boston Beer Co's Quick Ratio falls into.



Boston Beer Co 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.

Boston Beer Co'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
=(413.173-130.91)/259.423
=1.09

Boston Beer Co'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
=(515.097-247.55)/317.351
=0.84

* 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.


Boston Beer Co  (NYSE:SAM) 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.


Boston Beer Co Quick Ratio Related Terms

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


Boston Beer Co Business Description

Boston Beer Co logo
Industry
Traded in Other Exchanges
Address
One Design Center Place, Suite 850, Boston, MA, USA, 02210
Boston Beer is a leader in U.S. high-end malt beverages and adjacent categories, with strong positions in craft beer, hard cider, and hard seltzer. The firm sells an array of flavor variants and package sizes, predominantly centered around four priority brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer—its biggest growth engine. Its drinks are produced in both company-owned breweries as well as through third-party contract arrangements, and while the company primarily goes to market through independent wholesalers (as mandated by law), it operates a fairly large salesforce to induce demand across the value chain (distributors, retailers, and drinkers). The preponderance of revenue is generated domestically.
Executives
Heath Tara L. officer: Vice President, Legal THE BOSTON BEER COMPANY, INC. 1 DESIGN CENTER PL., STE. 850 BOSTON MA 02210
Lynton Michael director 2000 AVENUE OF THE STARS 12TH FL LOS ANGELES CA 90067
Fisher Cynthia A director 186 PARK STREET NEWTON MA 02458
Koch C James director, 10 percent owner, officer: Chairman C/O THE BOSTON BEER COMPANY ONE DESIGN CENTER PLACE, SUITE 850 BOSTON MA 02210
Smalla Frank H. officer: Chief Financial Officer C/O THE BOSTON BEER COMPANY, INC. 1 DESIGN CENTER PL., SUITE 850 BOSTON MA 02210
Burwick David A director, officer: President and CEO 32 AUTUMN LANE NEW CANAAN CT 06840
Valette Jean Michel director 28 MAPLE AVE KENTFIELD CT 06897
Calagione Samuel A. Iii officer: Founder & Brewer, Dogfish Head THE BOSTON BEER COMPANY, INC. ONE DESIGN CENTER PL., STE. 850 BOSTON MA 02210
Lysyj Lesya officer: Chief Marketing Officer 675 AVENUE OF THE AMERICAS, 6TH FLOOR NEW YORK NY 10010
Troupe Quincy B officer: Senior VP, Supply Chain C/O THE BOSTON BEER COMPANY 1 DESIGN CENTER PLACE, SUITE 850 BOSTON MA 02210
Grinnell David L. officer: Vice President of Brewing THE BOSTON BEER COMPANY, INC. ONE DESIGN CENTER PLACE, STE. 850 BOSTON MA 02170
Nemeth Julio N director ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Joyce Meghan V. director THE BOSTON BEER COMPANY, INC. ONE DESIGN CENTER PL., STE. 850 BOSTON MA 02210
Spillane Michael director C/O THE BOSTON BEER COMPANY, INC. 1 DESIGN CENTER PLACE, SUITE 850 BOSTON MA 02210
Murphy Matthew Donal officer: Chief Accounting Officer THE BOSTON BEER COMPANY ONE DESIGN CENTER PLACE, SUITE 850 BOSTON MA 02210

Boston Beer Co Headlines

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