Janus Henderson Group 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 Janus Henderson Group's Quick Ratio or its related term are showing as below:
During the past 13 years, Janus Henderson Group's highest Quick Ratio was 4.85. The lowest was 1.37. And the median was 2.93.
JHG's Quick Ratio is not ranked *
in the Asset Management industry.
Industry Median: 2.82 * Ranked among companies with meaningful Quick Ratio only.
Janus Henderson Group Quick Ratio Historical Data
The historical data trend for Janus Henderson 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.
Competitive Comparison of Janus Henderson Group's Quick Ratio
For the Asset Management subindustry, Janus Henderson 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.
Janus Henderson Group's Quick Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Janus Henderson Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Janus Henderson Group's Quick Ratio falls into.
Janus Henderson 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.
Janus Henderson Group'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.
Janus Henderson Group (NYSE:JHG) 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.
Janus Henderson Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Janus Henderson Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Janus Henderson Group (Janus Henderson Group) Business Description
Janus Henderson Group provides investment management services to retail intermediary (54% of managed assets), self-directed (23%) and institutional (23%) clients. At the end of September, active equities (61%), fixed-income (21%), multi-asset (15%) and alternative (3%) investment platforms constituted the company's USD 308.3 billion in assets under management. Janus Henderson sources 59% of its managed assets from clients in North America, with customers from Europe, the Middle East, Africa, and Latin America (31%) and the Asia-Pacific region (10%) accounting for the remainder. Headquartered in London, JHG is dual-listed on the New York Stock Exchange and the Australian Securities Exchange.
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