Colruyt Group NV has a quick ratio of 0.66. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Colruyt Group NV's Quick Ratio or its related term are showing as below:
CUYTY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.42 Med: 0.49 Max: 0.73
Current: 0.66
During the past 13 years, Colruyt Group NV's highest Quick Ratio was 0.73. The lowest was 0.42. And the median was 0.49.
CUYTY's Quick Ratio is ranked worse than 64.87% of 316
companies
in the Retail - Defensive industry
Industry Median: 0.89
vs CUYTY: 0.66
Colruyt Group NV Quick Ratio Historical Data
The historical data trend for Colruyt Group NV'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 Colruyt Group NV's Quick Ratio
For the Grocery Stores subindustry, Colruyt Group NV'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.
Colruyt Group NV's Quick Ratio Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Colruyt Group NV's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Colruyt Group NV's Quick Ratio falls into.
Colruyt Group NV 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.
Colruyt Group NV's Quick Ratio for the fiscal year that ended in Mar. 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.
Colruyt Group NV (OTCPK:CUYTY) 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.
Colruyt Group NV Quick Ratio Related Terms
Thank you for viewing the detailed overview of Colruyt Group NV's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Colruyt Group NV (Colruyt Group NV) Business Description
Colruyt NV Formerly Etablissementen Franz Colruyt NV is a Belgian-based family owned food retailer with nearly 30,000 employees and more than 530 stores (460 stores in Belgium and 76 in France) that traces its origins back to 1928. Aside from its flagship Colruyt supermarkets in Belgium and Luxembourg (60% of sales), it generates 16% of sales under separate banners from neighbourhood stores, biosupermarkets, covered markets, and family and seasonal stores. Its food service and wholesale businesses account for a further 18% of sales. Colruyt also owns DATS 24 filling stations, and a green energy business, generating electricity from wind turbines, solar panels, and biomass.
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