* 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 Empire East Land Holdings's Quick Ratio
For the Real Estate - Development subindustry, Empire East Land Holdings'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.
Empire East Land Holdings's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Empire East Land Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Empire East Land Holdings's Quick Ratio falls into.
Empire East Land Holdings 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.
Empire East Land Holdings'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.
Empire East Land Holdings (PHS:ELI) 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.
Empire East Land Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Empire East Land Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Empire East Land Holdings (PHS:ELI) Business Description
Empire East Land Holdings Inc is engaged in the development and marketing of mid-cost housing projects in the form of condominium communities, subdivision lots and house and lot packages, and commercial units to a limited extent. The company also leases out commercial and industrial properties. It classifies and monitors its projects into high-rise and horizontal. High-rise projects refer to condominiums and other medium-scale properties while horizontal projects refer to house and lot packages and subdivision lots. Both are intended for the middle-income market.
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