Piraeus Port Authority (ATH:PPA) Quick Ratio : 2.88 (As of Dec. 2023)

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What is Piraeus Port Authority 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. Piraeus Port Authority's quick ratio for the quarter that ended in Dec. 2023 was 2.88.

Piraeus Port Authority has a quick ratio of 2.88. It generally indicates good short-term financial strength.

The historical rank and industry rank for Piraeus Port Authority's Quick Ratio or its related term are showing as below:

ATH:PPA' s Quick Ratio Range Over the Past 10 Years
Min: 1.97 Med: 3.1 Max: 4.06
Current: 2.88

During the past 13 years, Piraeus Port Authority's highest Quick Ratio was 4.06. The lowest was 1.97. And the median was 3.10.

ATH:PPA's Quick Ratio is ranked better than
83.98% of 980 companies
in the Transportation industry
Industry Median: 1.27 vs ATH:PPA: 2.88

Piraeus Port Authority Quick Ratio Historical Data

The historical data trend for Piraeus Port Authority'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.

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Piraeus Port Authority Quick Ratio Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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3.13

4.06

3.24

2.82

2.88

Piraeus Port Authority Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Quick Ratio	Get a 7-Day Free Trial															3.24	3.88	2.82	3.90	2.88

Competitive Comparison of Piraeus Port Authority's Quick Ratio

For the Marine Shipping subindustry, Piraeus Port Authority'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.

Piraeus Port Authority's Quick Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's Quick Ratio falls into.

Piraeus Port Authority 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.

Piraeus Port Authority'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
	=	(224.994	-	4.019)	/	76.603
	=	2.88

Piraeus Port Authority'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
	=	(224.994	-	4.019)	/	76.603
	=	2.88

Piraeus Port Authority (ATH:PPA) 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.

Piraeus Port Authority Quick Ratio Related Terms

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Piraeus Port Authority (ATH:PPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (ATH:PPA) » Definitions » Quick Ratio

Traded in Other Exchanges

PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.