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. Fujitsu General's quick ratio for the quarter that ended in Mar. 2024 was 1.18.
Fujitsu General has a quick ratio of 1.18. It generally indicates good short-term financial strength.
The historical rank and industry rank for Fujitsu General's Quick Ratio or its related term are showing as below:
FGELF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.97 Med: 1.3 Max: 1.55
Current: 1.18
During the past 13 years, Fujitsu General's highest Quick Ratio was 1.55. The lowest was 0.97. And the median was 1.30.
FGELF's Quick Ratio is ranked worse than 51.17% of 428
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.21
vs FGELF: 1.18
Fujitsu General Quick Ratio Historical Data
The historical data trend for Fujitsu General'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 Fujitsu General's Quick Ratio
For the Furnishings, Fixtures & Appliances subindustry, Fujitsu General'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.
Fujitsu General's Quick Ratio Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fujitsu General's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Fujitsu General's Quick Ratio falls into.
Fujitsu General 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.
Fujitsu General's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
Fujitsu General (OTCPK:FGELF) 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.
Fujitsu General Quick Ratio Related Terms
Thank you for viewing the detailed overview of Fujitsu General's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Fujitsu General (Fujitsu General) Business Description
Fujitsu General Ltd is a Japan-based company engaged in the manufacturing and selling of engineering and electronics equipment which includes air conditioners, electric carpets, fire-fighting systems, surveillance cameras and security network systems. Its products include Air Conditioners business, Electronic Devices such as Air to Water, Air Deodoriser, Charge-coupled device Cameras, Low Noise Block down converter, Ku band transmitter for broadband satellite communications and Others.
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