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PT Trans Power Marine Tbk (ISX:TPMA) Quick Ratio : 2.21 (As of Mar. 2024)


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What is PT Trans Power Marine Tbk 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. PT Trans Power Marine Tbk's quick ratio for the quarter that ended in Mar. 2024 was 2.21.

PT Trans Power Marine Tbk has a quick ratio of 2.21. It generally indicates good short-term financial strength.

The historical rank and industry rank for PT Trans Power Marine Tbk's Quick Ratio or its related term are showing as below:

ISX:TPMA' s Quick Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.08   Max: 2.21
Current: 2.21

During the past 9 years, PT Trans Power Marine Tbk's highest Quick Ratio was 2.21. The lowest was 0.49. And the median was 1.08.

ISX:TPMA's Quick Ratio is ranked better than
76.84% of 980 companies
in the Transportation industry
Industry Median: 1.25 vs ISX:TPMA: 2.21

PT Trans Power Marine Tbk Quick Ratio Historical Data

The historical data trend for PT Trans Power Marine Tbk'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.

PT Trans Power Marine Tbk Quick Ratio Chart

PT Trans Power Marine Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only 0.82 1.07 1.32 1.60 1.74

PT Trans Power Marine Tbk 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 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 Premium Member Only Premium Member Only Premium Member Only 2.00 1.71 2.00 1.74 2.21

Competitive Comparison of PT Trans Power Marine Tbk's Quick Ratio

For the Marine Shipping subindustry, PT Trans Power Marine Tbk'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.


PT Trans Power Marine Tbk's Quick Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Trans Power Marine Tbk's Quick Ratio distribution charts can be found below:

* The bar in red indicates where PT Trans Power Marine Tbk's Quick Ratio falls into.



PT Trans Power Marine Tbk 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.

PT Trans Power Marine Tbk'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
=(436580.918-8956.692)/245684.678
=1.74

PT Trans Power Marine Tbk'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
=(492309.732-7384.261)/219369.578
=2.21

* 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.


PT Trans Power Marine Tbk  (ISX:TPMA) 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.


PT Trans Power Marine Tbk Quick Ratio Related Terms

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PT Trans Power Marine Tbk (ISX:TPMA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan. Gatot Subroto Kav. 24 and 25, Centennial Tower Lantai 26 Unit A and B, South Jakarta, IDN, 12930
PT Trans Power Marine Tbk is a marine shipping and transportation company. It is engaged in the business activity of providing inter-island freight transport services both domestically and across Southeast Asia. Its services are divided into two types, namely Tugboats and Barge in which the company uses tugboats and barges to transport bulk commodities, and Crane Barge in which the company uses crane barges for offshore transportation services. Its operating segments of the company are Transshipment and Inter-Island Transportation. It offers shipping and logistics services such as tug and barge, voyage charter and time charter, floating services, and vessel handling and supply services for the coal and biomass sector.

PT Trans Power Marine Tbk (ISX:TPMA) Headlines

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