Barramundi Group (OSL:BARRA) Quick Ratio : 0.59 (As of Jun. 2023)

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What is Barramundi Group 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. Barramundi Group's quick ratio for the quarter that ended in Jun. 2023 was 0.59.

Barramundi Group has a quick ratio of 0.59. It indicates that the company cannot currently fully pay back its current liabilities.

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

OSL:BARRA' s Quick Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.85 Max: 2.16
Current: 0.59

During the past 6 years, Barramundi Group's highest Quick Ratio was 2.16. The lowest was 0.59. And the median was 0.85.

OSL:BARRA's Quick Ratio is ranked worse than
77.12% of 1919 companies
in the Consumer Packaged Goods industry
Industry Median: 1.05 vs OSL:BARRA: 0.59

Barramundi Group Quick Ratio Historical Data

The historical data trend for Barramundi Group'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.

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Barramundi Group Quick Ratio Chart

Barramundi Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Quick Ratio

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0.77

1.37

0.93

2.16

0.72

Barramundi Group Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Quick Ratio	Get a 7-Day Free Trial			0.72	2.16	1.21	0.72	0.59

Competitive Comparison of Barramundi Group's Quick Ratio

For the Farm Products subindustry, Barramundi 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.

Barramundi Group's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Barramundi Group's Quick Ratio distribution charts can be found below:

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

Barramundi 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.

Barramundi Group's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(289.927	-	158.142)	/	182.078
	=	0.72

Barramundi Group's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(257.944	-	162.965)	/	160.294
	=	0.59

Barramundi Group (OSL:BARRA) 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.

Barramundi Group Quick Ratio Related Terms

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Barramundi Group (OSL:BARRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Barramundi Group Ltd (OSL:BARRA) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

95Z:Germany

Address

80 Robinson Road, No 25-01, Singapore, SGP, 068898

Website

https://www.barramundi.com

Barramundi Group Ltd brings a premium white fish with a sweet, buttery taste and delicate texture. The company operation spans the entire value chain, from Genetics and Fish Health to Farming, Product Innovation, and Distribution. The company markets its products under the brand names Kuhlbarra, Cone Bay Ocean Barramundi, Fassler Gourmet, and St. John's SeaBass. The group operates at ocean sites in Australia, Singapore, and Brunei.

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