Ricoh Leasing Co (TSE:8566) Quick Ratio : 3.31 (As of Dec. 2023)

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What is Ricoh Leasing Co 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. Ricoh Leasing Co's quick ratio for the quarter that ended in Dec. 2023 was 3.31.

Ricoh Leasing Co has a quick ratio of 3.31. It generally indicates good short-term financial strength.

The historical rank and industry rank for Ricoh Leasing Co's Quick Ratio or its related term are showing as below:

TSE:8566' s Quick Ratio Range Over the Past 10 Years
Min: 2.61 Med: 3.18 Max: 3.71
Current: 3.51

During the past 13 years, Ricoh Leasing Co's highest Quick Ratio was 3.71. The lowest was 2.61. And the median was 3.18.

TSE:8566's Quick Ratio is ranked worse than
53.3% of 379 companies
in the Credit Services industry
Industry Median: 4.63 vs TSE:8566: 3.51

Ricoh Leasing Co Quick Ratio Historical Data

The historical data trend for Ricoh Leasing Co'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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Ricoh Leasing Co Quick Ratio Chart

Ricoh Leasing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Quick Ratio

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3.43

3.19

3.71

3.67

3.51

Ricoh Leasing Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Quick Ratio	Get a 7-Day Free Trial															3.67	3.58	3.77	3.31	3.51

Competitive Comparison of Ricoh Leasing Co's Quick Ratio

For the Credit Services subindustry, Ricoh Leasing Co'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.

Ricoh Leasing Co's Quick Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ricoh Leasing Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Ricoh Leasing Co's Quick Ratio falls into.

Ricoh Leasing Co 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.

Ricoh Leasing Co's Quick Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Quick Ratio (A: Mar. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1051425	-	0)	/	299805
	=	3.51

Ricoh Leasing Co's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1044260	-	0)	/	315191
	=	3.31

Ricoh Leasing Co (TSE:8566) 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.

Ricoh Leasing Co Quick Ratio Related Terms

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Ricoh Leasing Co (TSE:8566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ricoh Leasing Co Ltd (TSE:8566) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

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Address

1-7-12 Shinonome, Koto-ku, Tokyo, JPN, 135-8518

Website

http://www.r-lease.co.jp

Ricoh Leasing has two primary businesses: lease and installments, and financial services. The lease and installments business, which accounts for the vast majority of the company's revenue, provides business leasing, rental, installment, and credit products for business equipment, information-related equipment, medical equipment, and environment-related equipment. In the financial-services business, Ricoh provides loans to individuals, doctors, and corporations. It also serves as an agent to collect accounts receivable and provide billing services, and it has a credit card business and an asset-management service.

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