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. Vista Outdoor's quick ratio for the quarter that ended in Dec. 2023 was 1.09.
Vista Outdoor has a quick ratio of 1.09. It generally indicates good short-term financial strength.
The historical rank and industry rank for Vista Outdoor's Quick Ratio or its related term are showing as below:
VSTO'
s Quick Ratio Range Over the Past 10 Years
Min: 0.96 Med: 1.56 Max: 2.09
Current: 1.09
During the past 12 years, Vista Outdoor's highest Quick Ratio was 2.09. The lowest was 0.96. And the median was 1.56.
VSTO's Quick Ratio is ranked worse than 50.18% of 837
companies
in the Travel & Leisure industry
Industry Median: 1.1
vs VSTO: 1.09
Vista Outdoor Quick Ratio Historical Data
The historical data trend for Vista Outdoor'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 Vista Outdoor's Quick Ratio
For the Leisure subindustry, Vista Outdoor'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.
Vista Outdoor's Quick Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Vista Outdoor's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Vista Outdoor's Quick Ratio falls into.
Vista Outdoor 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.
Vista Outdoor'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.
Vista Outdoor (NYSE:VSTO) 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.
Vista Outdoor Quick Ratio Related Terms
Thank you for viewing the detailed overview of Vista Outdoor's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Vista Outdoor (Vista Outdoor) Business Description
Vista Outdoor Inc designs, develops, and manufactures outdoor sports and recreation products, and is domiciled in the United States. The company organizes itself into two segments: Shooting sports and Outdoor products. Shooting sports, which contributes the largest proportion of company revenue, includes ammunition, long guns, and related equipment under brands such as Federal Premium, Blackhawk, and Hoppe's. Outdoor products include archery and hunting accessories, eyewear, golf products, hydration products, and stand-up paddle boards under brands including CamelBak and Bushnell. The company derives the vast majority of revenue domestically.
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