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Montana Aerospace AG (XSWX:AERO) Quick Ratio : 1.01 (As of Dec. 2023)


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What is Montana Aerospace AG 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. Montana Aerospace AG's quick ratio for the quarter that ended in Dec. 2023 was 1.01.

Montana Aerospace AG has a quick ratio of 1.01. It generally indicates good short-term financial strength.

The historical rank and industry rank for Montana Aerospace AG's Quick Ratio or its related term are showing as below:

XSWX:AERO' s Quick Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.88   Max: 2.34
Current: 1.01

During the past 6 years, Montana Aerospace AG's highest Quick Ratio was 2.34. The lowest was 0.64. And the median was 0.88.

XSWX:AERO's Quick Ratio is ranked worse than
54.95% of 313 companies
in the Aerospace & Defense industry
Industry Median: 1.1 vs XSWX:AERO: 1.01

Montana Aerospace AG Quick Ratio Historical Data

The historical data trend for Montana Aerospace AG'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.

* Premium members only.

Montana Aerospace AG Quick Ratio Chart

Montana Aerospace AG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 0.64 0.75 2.34 1.55 1.01

Montana Aerospace AG Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.55 1.59 1.11 1.07 1.01

Competitive Comparison of Montana Aerospace AG's Quick Ratio

For the Aerospace & Defense subindustry, Montana Aerospace AG'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.


Montana Aerospace AG's Quick Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Montana Aerospace AG's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Montana Aerospace AG's Quick Ratio falls into.



Montana Aerospace AG 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.

Montana Aerospace AG'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
=(742.517-312.535)/426.42
=1.01

Montana Aerospace AG'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
=(742.517-312.535)/426.42
=1.01

* 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.


Montana Aerospace AG  (XSWX:AERO) 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.


Montana Aerospace AG Quick Ratio Related Terms

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Montana Aerospace AG (XSWX:AERO) Business Description

Traded in Other Exchanges
Address
Alte Aarauerstrasse 11, Reinach, CHE, 5734
Montana Aerospace AG is a vertically integrated manufacturer and supplier of complex components, structures and customized assemblies as well as semi-finished products for specialized applications in a wide array of end-markets. The company has three business segments namely aerostructures, e-mobility and energy. It has its geographic presence in Germany, USA, UK, Poland, Russia and Others.

Montana Aerospace AG (XSWX:AERO) Headlines

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