Energy Absolute PCL (BKK:EA) Quick Ratio : 0.70 (As of Dec. 2023)

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What is Energy Absolute PCL 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. Energy Absolute PCL's quick ratio for the quarter that ended in Dec. 2023 was 0.70.

Energy Absolute PCL has a quick ratio of 0.70. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Energy Absolute PCL's Quick Ratio or its related term are showing as below:

BKK:EA' s Quick Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.81 Max: 2.66
Current: 0.7

During the past 13 years, Energy Absolute PCL's highest Quick Ratio was 2.66. The lowest was 0.48. And the median was 0.81.

BKK:EA's Quick Ratio is ranked worse than
78.42% of 431 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.22 vs BKK:EA: 0.70

Energy Absolute PCL Quick Ratio Historical Data

The historical data trend for Energy Absolute PCL'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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Energy Absolute PCL Quick Ratio Chart

Energy Absolute PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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2.19

0.48

0.80

0.64

0.70

Energy Absolute PCL 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															0.64	0.65	0.50	0.79	0.70

Competitive Comparison of Energy Absolute PCL's Quick Ratio

For the Utilities - Renewable subindustry, Energy Absolute PCL'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.

Energy Absolute PCL's Quick Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Energy Absolute PCL's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Energy Absolute PCL's Quick Ratio falls into.

Energy Absolute PCL 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.

Energy Absolute PCL'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
	=	(24441.319	-	7412.184)	/	24386.569
	=	0.70

Energy Absolute PCL'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
	=	(24441.319	-	7412.184)	/	24386.569
	=	0.70

Energy Absolute PCL (BKK:EA) 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.

Energy Absolute PCL Quick Ratio Related Terms

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Energy Absolute PCL (BKK:EA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Absolute PCL (BKK:EA) » Definitions » Quick Ratio

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Traded in Other Exchanges

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Address

89, Ratchadaphisek Road, 16th Floor, AIA Capital Center Building, Din Daeng District, Bangkok, THA, 10400

Website

https://www.energyabsolute.co.th

Energy Absolute PCL is a Thailand-based energy company that produces biodiesel and alternative energy and engages in oil trading activities. The Group has five reportable segments which comprises of manufacturing and distributing crude palm oil, biodiesel products, and pure glycerine products, manufacturing and distributing electricity from solar, wind power and biomass, consulting in the project regarding alternative electric energy, manufacturing and distributing electric vehicles, manufacturing and distributing battery and head office and others It generates maximum revenue from the manufacturing and distribution of electricity from the solar and wind power segment from sales located primarily in Thailand.