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Airtificial Intelligence Structures (STU:IRG) Quick Ratio : 0.97 (As of Jun. 2023)


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What is Airtificial Intelligence Structures Quick Ratio?

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. Airtificial Intelligence Structures's quick ratio for the quarter that ended in Jun. 2023 was 0.97.

Airtificial Intelligence Structures has a quick ratio of 0.97. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Airtificial Intelligence Structures's Quick Ratio or its related term are showing as below:

STU:IRG' s Quick Ratio Range Over the Past 10 Years
Min: 0.7   Med: 0.98   Max: 2.32
Current: 0.97

During the past 13 years, Airtificial Intelligence Structures's highest Quick Ratio was 2.32. The lowest was 0.70. And the median was 0.98.

STU:IRG's Quick Ratio is ranked worse than
71.39% of 3023 companies
in the Industrial Products industry
Industry Median: 1.39 vs STU:IRG: 0.97

Airtificial Intelligence Structures Quick Ratio Historical Data

The historical data trend for Airtificial Intelligence Structures'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.

Airtificial Intelligence Structures Quick Ratio Chart

Airtificial Intelligence Structures Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 0.80 0.91 1.37 1.02

Airtificial Intelligence Structures Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Quick Ratio Get a 7-Day Free Trial 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 1.37 1.26 1.02 0.97

Competitive Comparison of Airtificial Intelligence Structures's Quick Ratio

For the Specialty Industrial Machinery subindustry, Airtificial Intelligence Structures'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.


Airtificial Intelligence Structures's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airtificial Intelligence Structures's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Airtificial Intelligence Structures's Quick Ratio falls into.



Airtificial Intelligence Structures 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.

Airtificial Intelligence Structures's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(72.093-7.192)/63.568
=1.02

Airtificial Intelligence Structures's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(78.36-6.611)/73.785
=0.97

* 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.


Airtificial Intelligence Structures  (STU:IRG) 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.


Airtificial Intelligence Structures Quick Ratio Related Terms

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Airtificial Intelligence Structures (STU:IRG) Business Description

Traded in Other Exchanges
Address
General Diaz Porlier 49, Madrid, ESP, 28001
Airtificial Intelligence Structures SA is a prominent Spanish company in the field of Artificial Intelligence, Robotics, and the Development of Intelligent Structures. The company provides design and manufacturing technology solutions for the automotive, aeronautics, infrastructure, and other industrial sectors. It operates in the Aerospace & Defense, Infrastructure, and Intelligent Robots segments. The majority of the company's revenues are derived from the Intelligent Robots segment that caters to the automotive sector, specifically, in assembly, test, and test lines.

Airtificial Intelligence Structures (STU:IRG) Headlines

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