IG Group Holdings (IG Group Holdings) Quick Ratio : 2.45 (As of Nov. 2023)

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What is IG Group Holdings 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. IG Group Holdings's quick ratio for the quarter that ended in Nov. 2023 was 2.45.

IG Group Holdings has a quick ratio of 2.45. It generally indicates good short-term financial strength.

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

IGGHY' s Quick Ratio Range Over the Past 10 Years
Min: 2.45 Med: 3.63 Max: 5.99
Current: 2.45

During the past 13 years, IG Group Holdings's highest Quick Ratio was 5.99. The lowest was 2.45. And the median was 3.63.

IGGHY's Quick Ratio is ranked better than
55.02% of 667 companies
in the Capital Markets industry
Industry Median: 2.04 vs IGGHY: 2.45

IG Group Holdings Quick Ratio Historical Data

The historical data trend for IG Group Holdings'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.

IG Group Holdings Quick Ratio Chart

IG Group Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Quick Ratio

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4.19

4.10

2.75

2.76

2.70

IG Group Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Quick Ratio	Get a 7-Day Free Trial															2.48	2.76	2.54	2.70	2.45

Competitive Comparison of IG Group Holdings's Quick Ratio

For the Capital Markets subindustry, IG Group Holdings'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.

IG Group Holdings's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IG Group Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where IG Group Holdings's Quick Ratio falls into.

IG Group Holdings 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.

IG Group Holdings's Quick Ratio for the fiscal year that ended in May. 2023 is calculated as

Quick Ratio (A: May. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(2065.918	-	18.727)	/	758.677
	=	2.70

IG Group Holdings's Quick Ratio for the quarter that ended in Nov. 2023 is calculated as

Quick Ratio (Q: Nov. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1704.726	-	30.97)	/	682.338
	=	2.45

IG Group Holdings (OTCPK:IGGHY) 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.

IG Group Holdings Quick Ratio Related Terms

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IG Group Holdings (IG Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IG Group Holdings PLC (OTCPK:IGGHY) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

IGGRF:USA IGGl:UK IGG:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.