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. LSR Group PJSC's quick ratio for the quarter that ended in Dec. 2023 was 1.33.
LSR Group PJSC has a quick ratio of 1.33. It generally indicates good short-term financial strength.
The historical rank and industry rank for LSR Group PJSC's Quick Ratio or its related term are showing as below:
LSRGL'
s Quick Ratio Range Over the Past 10 Years
Min: 0.41 Med: 0.85 Max: 1.33
Current: 1.33
During the past 13 years, LSR Group PJSC's highest Quick Ratio was 1.33. The lowest was 0.41. And the median was 0.85.
LSRGL's Quick Ratio is ranked better than 66.43% of 1823
companies
in the Real Estate industry
Industry Median: 0.81
vs LSRGL: 1.33
LSR Group PJSC Quick Ratio Historical Data
The historical data trend for LSR Group PJSC'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 LSR Group PJSC's Quick Ratio
For the Real Estate - Development subindustry, LSR Group PJSC'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.
LSR Group PJSC's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, LSR Group PJSC's Quick Ratio distribution charts can be found below:
* The bar in red indicates where LSR Group PJSC's Quick Ratio falls into.
LSR Group PJSC 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.
LSR Group PJSC'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.
LSR Group PJSC (GREY:LSRGL) 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.
LSR Group PJSC Quick Ratio Related Terms
Thank you for viewing the detailed overview of LSR Group PJSC's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
LSR Group PJSC (LSR Group PJSC) Business Description
PJSC LSR Group operates in real estate development and construction, as well as building materials production. As a real estate developer, the portfolio of LSR Group consists of both residential and industrial properties. The company extracts and produces basic building materials including sand, crushed granite, concrete, and bricks. LSR Group's business is concentrated in three largest regions of Russia: St. Petersburg and the Leningrad region, Moscow and the Moscow region, and Yekaterinburg and the Sverdlovsk region. The real estate development and construction division generate more than half of the company's revenue.
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