Liberty Broadband has a quick ratio of 1.68. It generally indicates good short-term financial strength.
The historical rank and industry rank for Liberty Broadband's Quick Ratio or its related term are showing as below:
LBRDK'
s Quick Ratio Range Over the Past 10 Years
Min: 0.39 Med: 2.48 Max: 74.21
Current: 1.68
During the past 13 years, Liberty Broadband's highest Quick Ratio was 74.21. The lowest was 0.39. And the median was 2.48.
LBRDK's Quick Ratio is ranked better than 76.52% of 379
companies
in the Telecommunication Services industry
Industry Median: 0.99
vs LBRDK: 1.68
Liberty Broadband Quick Ratio Historical Data
The historical data trend for Liberty Broadband'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.
Competitive Comparison of Liberty Broadband's Quick Ratio
For the Telecom Services subindustry, Liberty Broadband'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.
Liberty Broadband's Quick Ratio Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Liberty Broadband's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Liberty Broadband's Quick Ratio falls into.
Liberty Broadband 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.
Liberty Broadband's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Liberty Broadband (NAS:LBRDK) 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.
Liberty Broadband Quick Ratio Related Terms
Thank you for viewing the detailed overview of Liberty Broadband's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Liberty Broadband Corp serves in the telecommunications industry in the United States. It provides cable services to both residential and small to medium businesses through its fiber, hybrid fiber, and coaxial cable infrastructure. The services provided by the company are residential services which include video services, internet services, voice services, and mobile services, commercial services which include small, and medium business and enterprise solutions, advertising services, and other services. The reportable segments of the company are GCI Holdings, Charter. The firm derives the majority of its revenue from GCI Holdings.
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