* 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 Marlborough Wine Estates Group's Quick Ratio
For the Beverages - Wineries & Distilleries subindustry, Marlborough Wine Estates Group'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.
Marlborough Wine Estates Group's Quick Ratio Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Marlborough Wine Estates Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Marlborough Wine Estates Group's Quick Ratio falls into.
Marlborough Wine Estates Group 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.
* 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.
Marlborough Wine Estates Group (NZSE:MWE) 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.
Marlborough Wine Estates Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Marlborough Wine Estates Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Marlborough Wine Estates Group (NZSE:MWE) Business Description
Marlborough Wine Estates Group Ltd is a New Zealand-based company engaged in vineyard maintenance, grape production, and winemaking. It operates under the brand names of O:TU wines and Music Bay. The group operates in various geographical areas including New Zealand and Oceania; United States; UK/Europe; Australasia and Others. It derives a majority of its revenue from New Zealand and Oceania.
Marlborough Wine Estates Group (NZSE:MWE) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NZSE:MWE has been successfully added to your 