Fastighets AB Balder has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Fastighets AB Balder's Quick Ratio or its related term are showing as below:
During the past 13 years, Fastighets AB Balder's highest Quick Ratio was 1.97. The lowest was 0.11. And the median was 0.64.
OSTO:BALD B's Quick Ratio is not ranked *
in the Real Estate industry.
Industry Median: 0.81 * Ranked among companies with meaningful Quick Ratio only.
Fastighets AB Balder Quick Ratio Historical Data
The historical data trend for Fastighets AB Balder'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 Fastighets AB Balder's Quick Ratio
For the Real Estate - Diversified subindustry, Fastighets AB Balder'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.
Fastighets AB Balder's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Fastighets AB Balder's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Fastighets AB Balder's Quick Ratio falls into.
Fastighets AB Balder 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.
Fastighets AB Balder'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.
Fastighets AB Balder (OSTO:BALD B) 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.
Fastighets AB Balder Quick Ratio Related Terms
Thank you for viewing the detailed overview of Fastighets AB Balder's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Fastighets AB Balder (OSTO:BALD B) Business Description
Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group's business segments are; Helsinki, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate.
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