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. Malibu Boats's quick ratio for the quarter that ended in Dec. 2023 was 0.69.
Malibu Boats has a quick ratio of 0.69. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Malibu Boats's Quick Ratio or its related term are showing as below:
MBUU'
s Quick Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.72 Max: 1.83
Current: 0.69
During the past 13 years, Malibu Boats's highest Quick Ratio was 1.83. The lowest was 0.38. And the median was 0.72.
MBUU's Quick Ratio is ranked worse than 73.8% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 1.05
vs MBUU: 0.69
Malibu Boats Quick Ratio Historical Data
The historical data trend for Malibu Boats'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 Malibu Boats's Quick Ratio
For the Recreational Vehicles subindustry, Malibu Boats'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.
Malibu Boats's Quick Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Malibu Boats's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Malibu Boats's Quick Ratio falls into.
Malibu Boats 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.
Malibu Boats's Quick Ratio for the fiscal year that ended in Jun. 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.
Malibu Boats (NAS:MBUU) 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.
Malibu Boats Quick Ratio Related Terms
Thank you for viewing the detailed overview of Malibu Boats's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the U.S. in the 24-foot to 29-foot segment, and Pursuit Boats, which makes high-end offshore and outboard motorboats in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, with exposure to bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories, and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.
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