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ES-CON JAPAN (TSE:8892) Quick Ratio : 0.59 (As of Dec. 2023)


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What is ES-CON JAPAN 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. ES-CON JAPAN's quick ratio for the quarter that ended in Dec. 2023 was 0.59.

ES-CON JAPAN has a quick ratio of 0.59. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for ES-CON JAPAN's Quick Ratio or its related term are showing as below:

TSE:8892' s Quick Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.6   Max: 0.85
Current: 0.59

During the past 13 years, ES-CON JAPAN's highest Quick Ratio was 0.85. The lowest was 0.45. And the median was 0.60.

TSE:8892's Quick Ratio is ranked worse than
68.63% of 102 companies
in the Homebuilding & Construction industry
Industry Median: 0.835 vs TSE:8892: 0.59

ES-CON JAPAN Quick Ratio Historical Data

The historical data trend for ES-CON JAPAN'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.

ES-CON JAPAN Quick Ratio Chart

ES-CON JAPAN Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.84 0.45 0.85 0.59

ES-CON JAPAN Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 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 Premium Member Only Premium Member Only Premium Member Only 0.85 0.89 0.88 0.43 0.59

Competitive Comparison of ES-CON JAPAN's Quick Ratio

For the Residential Construction subindustry, ES-CON JAPAN'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.


ES-CON JAPAN's Quick Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, ES-CON JAPAN's Quick Ratio distribution charts can be found below:

* The bar in red indicates where ES-CON JAPAN's Quick Ratio falls into.



ES-CON JAPAN 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.

ES-CON JAPAN'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
=(265202-213509)/88133
=0.59

ES-CON JAPAN'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
=(265202-213509)/88133
=0.59

* 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.


ES-CON JAPAN  (TSE:8892) 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.


ES-CON JAPAN Quick Ratio Related Terms

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ES-CON JAPAN (TSE:8892) Business Description

Traded in Other Exchanges
N/A
Address
4-2-5 Kanda-Surugadai, 12th Floor, Try Edge Ochanomizu, Chiyoda-ku, Tokyo, JPN, 101-0062
ES-CON JAPAN Ltd. is a Japanese company engaged in real estate trading, leasing and property management and real estate planning and consulting business. The business areas of the company include hotel development, property management, condominiums and houses, real estate investment advisory and others.

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