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. AX Real Estate's quick ratio for the quarter that ended in Oct. 2023 was 0.34.
AX Real Estate has a quick ratio of 0.34. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for AX Real Estate's Quick Ratio or its related term are showing as below:
MAL:AXR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.34 Med: 0.95 Max: 1.02
Current: 0.34
During the past 3 years, AX Real Estate's highest Quick Ratio was 1.02. The lowest was 0.34. And the median was 0.95.
MAL:AXR's Quick Ratio is ranked worse than 77.1% of 1825
companies
in the Real Estate industry
Industry Median: 0.81
vs MAL:AXR: 0.34
AX Real Estate Quick Ratio Historical Data
The historical data trend for AX Real Estate'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.
AX Real Estate Quick Ratio Chart
AX Real Estate Annual Data
Trend
Oct21
Oct22
Oct23
Quick Ratio
0.95
1.02
0.34
AX Real Estate Semi-Annual Data
Oct21
Apr22
Oct22
Apr23
Oct23
Quick Ratio
0.95
2.10
1.02
0.78
0.34
Competitive Comparison of AX Real Estate's Quick Ratio
For the Real Estate - Diversified subindustry, AX Real Estate'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.
AX Real Estate's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, AX Real Estate's Quick Ratio distribution charts can be found below:
* The bar in red indicates where AX Real Estate's Quick Ratio falls into.
AX Real Estate 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.
AX Real Estate's Quick Ratio for the fiscal year that ended in Oct. 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.
AX Real Estate (MAL:AXR) 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.
AX Real Estate Quick Ratio Related Terms
Thank you for viewing the detailed overview of AX Real Estate's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. The company's portfolio includes warehouses, an office block at Hardrocks Industrial Park, as well as an office block at Falcon House. On the other hand, its subsidiaries own a range of properties and developments, such as the Suncrest Hotels, the Royal Hotels, St. John's Boutique Hotel and Palazzo Merkanti Leisure, as well as Central Leisure Developments, Simblija Developments, Heritage Developments and Skyline Developments.
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