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. Outfront Media's quick ratio for the quarter that ended in Dec. 2023 was 0.67.
Outfront Media has a quick ratio of 0.67. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Outfront Media's Quick Ratio or its related term are showing as below:
OUT'
s Quick Ratio Range Over the Past 10 Years
Min: 0.67 Med: 1.33 Max: 1.82
Current: 0.67
During the past 13 years, Outfront Media's highest Quick Ratio was 1.82. The lowest was 0.67. And the median was 1.33.
OUT's Quick Ratio is ranked worse than 61.12% of 715
companies
in the REITs industry
Industry Median: 0.94
vs OUT: 0.67
Outfront Media Quick Ratio Historical Data
The historical data trend for Outfront Media'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 Outfront Media's Quick Ratio
For the REIT - Specialty subindustry, Outfront Media'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.
Outfront Media's Quick Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Outfront Media's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Outfront Media's Quick Ratio falls into.
Outfront Media 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.
Outfront Media's Quick Ratio for the fiscal year that ended in Dec. 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.
Outfront Media (NYSE:OUT) 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.
Outfront Media Quick Ratio Related Terms
Thank you for viewing the detailed overview of Outfront Media's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Outfront Media (Outfront Media) Business Description
Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's major customers include entities within the retail, television, healthcare, and entertainment industries.
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