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. Value Line's quick ratio for the quarter that ended in Jan. 2023 was 2.85.
Value Line has a quick ratio of 2.85. It generally indicates good short-term financial strength.
The historical rank and industry rank for Value Line's Quick Ratio or its related term are showing as below:
VALU'
s Quick Ratio Range Over the Past 10 Years
Min: 0.58 Med: 2.63 Max: 12.93
Current: 2.85
During the past 13 years, Value Line's highest Quick Ratio was 12.93. The lowest was 0.58. And the median was 2.63.
VALU's Quick Ratio is ranked better than 59.03% of 642
companies
in the Capital Markets industry
Industry Median: 2.11
vs VALU: 2.85
Value Line Quick Ratio Historical Data
The historical data trend for Value Line'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.
Value Line Annual Data
Trend
Apr13
Apr14
Apr15
Apr16
Apr17
Apr18
Apr19
Apr20
Apr21
Apr22
Quick Ratio
1.07
1.24
1.51
1.83
2.58
Value Line Quarterly Data
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Quick Ratio
2.43
2.58
2.66
2.71
2.85
Competitive Comparison
For the Financial Data & Stock Exchanges subindustry, Value Line'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.
Value Line Quick Ratio Distribution
For the Capital Markets industry and Financial Services sector, Value Line's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Value Line's Quick Ratio falls in comparison to its industry or sector. The grey bar indicates the Quick Ratio's extreme value range as defined by GuruFocus.
Value Line 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.
Value Line's Quick Ratio for the fiscal year that ended in Apr. 2022 is calculated as
* 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.
Value Line (NAS:VALU) 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.
Value Line Quick Ratio Related Terms
Thank you for viewing the detailed overview of Value Line's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Value Line Inc is a U.S based company. It produces investment periodicals based on underlying research and making available copyright data, including ranking system and other information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes. The company markets under well-known brands including Value Line, the Value Line logo, The Value Line Investment Survey, Smart Research, Smarter Investing and The Most Trusted Name in Investment Research. Its only operating segment being Publishing.
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