Aristocrat Leisure (ASX:ALL) Quick Ratio : 2.78 (As of Sep. 2023)

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What is Aristocrat Leisure 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. Aristocrat Leisure's quick ratio for the quarter that ended in Sep. 2023 was 2.78.

Aristocrat Leisure has a quick ratio of 2.78. It generally indicates good short-term financial strength.

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

ASX:ALL' s Quick Ratio Range Over the Past 10 Years
Min: 1.17 Med: 1.74 Max: 2.99
Current: 2.78

During the past 13 years, Aristocrat Leisure's highest Quick Ratio was 2.99. The lowest was 1.17. And the median was 1.74.

ASX:ALL's Quick Ratio is ranked better than
84.95% of 837 companies
in the Travel & Leisure industry
Industry Median: 1.1 vs ASX:ALL: 2.78

Aristocrat Leisure Quick Ratio Historical Data

The historical data trend for Aristocrat Leisure'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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Aristocrat Leisure Quick Ratio Chart

Aristocrat Leisure Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Quick Ratio

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1.51

2.25

2.62

2.99

2.78

Aristocrat Leisure Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Quick Ratio	Get a 7-Day Free Trial															2.62	3.59	2.99	3.06	2.78

Competitive Comparison of Aristocrat Leisure's Quick Ratio

For the Gambling subindustry, Aristocrat Leisure'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.

Aristocrat Leisure's Quick Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Aristocrat Leisure's Quick Ratio falls into.

Aristocrat Leisure 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.

Aristocrat Leisure's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(4547.3	-	309)	/	1527.1
	=	2.78

Aristocrat Leisure's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(4547.3	-	309)	/	1527.1
	=	2.78

Aristocrat Leisure (ASX:ALL) 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.

Aristocrat Leisure Quick Ratio Related Terms

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Aristocrat Leisure (ASX:ALL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Aristocrat Leisure Ltd (ASX:ALL) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

ARLUF:USA AC8:Germany

Address

85 Epping Road, Building A, Pinnacle Office Park, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.aristocrat.com

Aristocrat Leisure is an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Scientific Games. Through acquisitions of Plarium and more recently Big Fish, Aristocrat now derives a significant proportion of earnings from the faster growing mobile gaming business.