Alantra Partners (XMAD:ALNT) Quick Ratio : 2.86 (As of Mar. 2024)

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What is Alantra Partners 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. Alantra Partners's quick ratio for the quarter that ended in Mar. 2024 was 2.86.

Alantra Partners has a quick ratio of 2.86. It generally indicates good short-term financial strength.

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

XMAD:ALNT' s Quick Ratio Range Over the Past 10 Years
Min: 1.73 Med: 2.56 Max: 48.67
Current: 2.86

During the past 13 years, Alantra Partners's highest Quick Ratio was 48.67. The lowest was 1.73. And the median was 2.56.

XMAD:ALNT's Quick Ratio is ranked better than
59.34% of 669 companies
in the Capital Markets industry
Industry Median: 2 vs XMAD:ALNT: 2.86

Alantra Partners Quick Ratio Historical Data

The historical data trend for Alantra Partners'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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Alantra Partners Quick Ratio Chart

Alantra Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.86

1.83

1.73

2.21

2.35

Alantra Partners 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															3.03	3.07	3.28	2.35	2.86

Competitive Comparison of Alantra Partners's Quick Ratio

For the Capital Markets subindustry, Alantra Partners'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.

Alantra Partners's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Alantra Partners's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Alantra Partners's Quick Ratio falls into.

Alantra Partners 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.

Alantra Partners's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(165.55	-	0)	/	70.415
	=	2.35

Alantra Partners's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(142.987	-	0)	/	50.004
	=	2.86

Alantra Partners (XMAD:ALNT) 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.

Alantra Partners Quick Ratio Related Terms

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Alantra Partners (XMAD:ALNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Alantra Partners SA (XMAD:ALNT) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

ALNT:Germany DNY:Germany

Address

Calle de José Ortega y Gasset 29, Madrid, ESP, 28006

Website

https://www.alantra.com

Alantra Partners SA is a global investment banking and asset management firm. The company is primarily focusing on the mid-market with offices across Europe, the United States, Asia, and America. The company's business activities are split into the following segments: Financial Advisory, Asset Management, Structural, Portfolio and Other. Financial Advisory segment covers the provision of financial advisory services to companies or entities in corporate finance operations and the provision of stock market brokerage and analysis services to institutional investors. Its Portfolio business segment is engaged in obtaining capital gains by investing and subsequently selling stakes in companies or investment funds or vehicles.