Melcor Developments (TSX:MRD) Quick Ratio : 4.40 (As of Dec. 2023)

View and export this data going back to 1972. Start your Free Trial

What is Melcor Developments 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. Melcor Developments's quick ratio for the quarter that ended in Dec. 2023 was 4.40.

Melcor Developments has a quick ratio of 4.40. It generally indicates good short-term financial strength.

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

TSX:MRD' s Quick Ratio Range Over the Past 10 Years
Min: 3.04 Med: 3.95 Max: 5.54
Current: 4.4

During the past 13 years, Melcor Developments's highest Quick Ratio was 5.54. The lowest was 3.04. And the median was 3.95.

TSX:MRD's Quick Ratio is ranked better than
89.4% of 1830 companies
in the Real Estate industry
Industry Median: 0.81 vs TSX:MRD: 4.40

Melcor Developments Quick Ratio Historical Data

The historical data trend for Melcor Developments'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.

Melcor Developments Quick Ratio Chart

Melcor Developments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

Get a 7-Day Free Trial

3.04

3.50

3.71

4.18

4.40

Melcor Developments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															4.18	3.89	4.41	3.41	4.40

Competitive Comparison of Melcor Developments's Quick Ratio

For the Real Estate - Development subindustry, Melcor Developments'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.

Melcor Developments's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Melcor Developments's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Melcor Developments's Quick Ratio falls into.

Melcor Developments 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.

Melcor Developments's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(937.884	-	728.002)	/	47.663
	=	4.40

Melcor Developments's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(937.884	-	728.002)	/	47.663
	=	4.40

Melcor Developments (TSX:MRD) 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.

Melcor Developments Quick Ratio Related Terms

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

Melcor Developments (TSX:MRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Melcor Developments Ltd (TSX:MRD) » Definitions » Quick Ratio

Traded in Other Exchanges

MODVF:USA

Address

10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8

Website

https://www.melcor.ca

Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.

Melcor Developments (TSX:MRD) Headlines

No Headlines