PT Bumi Resources Tbk (PT Bumi Resources Tbk) Quick Ratio : 0.77 (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is PT Bumi Resources 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 Bumi Resources Tbk's quick ratio for the quarter that ended in Mar. 2024 was 0.77.

PT Bumi Resources Tbk has a quick ratio of 0.77. It indicates that the company cannot currently fully pay back its current liabilities.

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

PBMRY' s Quick Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.36 Max: 2.53
Current: 0.77

During the past 13 years, PT Bumi Resources Tbk's highest Quick Ratio was 2.53. The lowest was 0.03. And the median was 0.36.

PBMRY's Quick Ratio is ranked worse than
71.51% of 179 companies
in the Other Energy Sources industry
Industry Median: 1.44 vs PBMRY: 0.77

PT Bumi Resources Tbk Quick Ratio Historical Data

The historical data trend for PT Bumi Resources 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 Bumi Resources Tbk Quick Ratio Chart

PT Bumi Resources Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

Get a 7-Day Free Trial

0.36

0.28

0.26

0.80

0.81

PT Bumi Resources 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															0.79	0.83	0.76	0.81	0.77

Competitive Comparison of PT Bumi Resources Tbk's Quick Ratio

For the Thermal Coal subindustry, PT Bumi Resources 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 Bumi Resources Tbk's Quick Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Bumi Resources Tbk's Quick Ratio distribution charts can be found below:

* The bar in red indicates where PT Bumi Resources Tbk's Quick Ratio falls into.

PT Bumi Resources 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 Bumi Resources 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
	=	(704.717	-	21.59)	/	848.168
	=	0.81

PT Bumi Resources 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
	=	(658.459	-	33.99)	/	808.247
	=	0.77

PT Bumi Resources Tbk (OTCPK:PBMRY) 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 Bumi Resources Tbk Quick Ratio Related Terms

Thank you for viewing the detailed overview of PT Bumi Resources Tbk's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Bumi Resources Tbk (PT Bumi Resources Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Bumi Resources Tbk (OTCPK:PBMRY) » Definitions » Quick Ratio

Traded in Other Exchanges

PBMRF:USA BUMI:Indonesia PJM:Germany

Address

Jalan H.R. Rasuna Said, 12th Floor, Bakrie Tower Building, Komplek Rasuna Epicentrum, Jakarta Selatan, Jakarta, IDN, 12940

Website

http://www.bumiresources.com

PT Bumi Resources Tbk is an Indonesia-based holding company engaged in coal mining. The company's main business segments are holding companies, coal, services, oil and gas, and gold. The Holding Company segment includes the company and other holding companies. The Coal segment is engaged in coal mining activities comprising exploration and exploitation of coal deposits. The Services segment includes activities of marketing and management services. The oil and gas segment includes activities of oil and gas exploration. The Gold segment includes activities of gold exploration. The majority of revenue is generated from the Coal segment.