United Utilities Group (United Utilities Group) Quick Ratio

: 1.78 (As of Sep. 2023)

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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. United Utilities Group's quick ratio for the quarter that ended in Sep. 2023 was 1.78.

United Utilities Group has a quick ratio of 1.78. It generally indicates good short-term financial strength.

The historical rank and industry rank for United Utilities Group's Quick Ratio or its related term are showing as below:

UUGRY' s Quick Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.86 Max: 1.78
Current: 1.78

During the past 13 years, United Utilities Group's highest Quick Ratio was 1.78. The lowest was 0.56. And the median was 0.86.

UUGRY's Quick Ratio is ranked better than
83.33% of 516 companies
in the Utilities - Regulated industry
Industry Median: 0.97 vs UUGRY: 1.78

United Utilities Group Quick Ratio Historical Data

The historical data trend for United Utilities Group'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.

United Utilities Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Quick Ratio

0.67

1.00

0.86

1.18

United Utilities Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Quick Ratio																0.88	0.86	1.35	1.18	1.78

Competitive Comparison

For the Utilities - Regulated Water subindustry, United Utilities Group'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.

United Utilities Group Quick Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, United Utilities Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where United Utilities Group's Quick Ratio falls into.

United Utilities Group 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.

United Utilities Group's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(839.078	-	15.898)	/	698.908
	=	1.18

United Utilities Group's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1533.292	-	15.47)	/	853.342
	=	1.78

United Utilities Group (OTCPK:UUGRY) 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.

United Utilities Group Quick Ratio Related Terms

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United Utilities Group (United Utilities Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » United Utilities Group PLC (OTCPK:UUGRY) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

UUGWF:USA UUl:UK UU.:UK UUEC:Germany

Address

Lingley Green Avenue, Great Sankey, Haweswater House, Lingley Mere Business Park, Warrington, GBR, WA5 3LP

Website

https://www.unitedutilities.com

United Utilities Group is primarily a holding company for United Utilities Water, the country's largest regulated water and wastewater utility, serving customers in northwest England, including Manchester and Liverpool.

United Utilities Group (United Utilities Group) Headlines

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