PowerSecure International has a quick ratio of 1.08. It generally indicates good short-term financial strength.
The historical rank and industry rank for PowerSecure International's Quick Ratio or its related term are showing as below:
POWR's Quick Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 1.38 * Ranked among companies with meaningful Quick Ratio only.
PowerSecure International Quick Ratio Historical Data
* 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 PowerSecure International's Quick Ratio
For the Specialty Industrial Machinery subindustry, PowerSecure International'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.
PowerSecure International's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, PowerSecure International's Quick Ratio distribution charts can be found below:
* The bar in red indicates where PowerSecure International's Quick Ratio falls into.
PowerSecure International 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.
PowerSecure International's Quick Ratio for the fiscal year that ended in Dec. 2015 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.
PowerSecure International (NYSE:POWR) 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.
PowerSecure International Quick Ratio Related Terms
Thank you for viewing the detailed overview of PowerSecure International's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PowerSecure International (PowerSecure International) Business Description
PowerSecure International Inc was incorporated in Delaware on April 05, 1991. On August 22, 2007, it changed its name to PowerSecure International, Inc. from Metretek Technologies, Inc. The Company is a provider of products and services to electric utilities, and their commercial, institutional and industrial customers. Its Utility and Energy Technologies segment consists of three products and service offerings: Distributed Generation products and services, Utility Infrastructure products and services, and Energy Efficiency products and services. These three product and service groups are commonly engaged in serving the needs of utilities and their commercial, institutional and industrial customers to help them generate, deliver and utilize electricity more reliably and efficiently. The Company operates primarily out of Wake Forest, North Carolina, and its operations also include several satellite offices and manufacturing facilities located in Raleigh and Greensboro, North Carolina; Atlanta, Georgia; Bethlehem, Pennsylvania; and Stamford, Connecticut. It conducts its business through its wholly-owned subsidiary, PowerSecure, Inc. The Companys Distributed Generation solutions involve manufacturing, installing and operating electric generation equipment on site at a facility where the power is used, including commercial, institutional and industrial operations. Its systems provide backup power supply during power outages. Its solar energy systems provide utilities and their customers with environmentally friendly power to augment their core power requirements. The Companys Utility Infrastructure solutions are engaged in helping electric utilities design, build, upgrade and maintain infrastructure that enhances the efficiency of their grid systems. Its products and services include transmission and distribution system construction and maintenance, installation of metering and efficient lighting, and emergency storm restoration. Additionally, it provides utilities with a wide range of engineering and design services, as well as consulting services for cybersecurity compliance, and regulatory and rate design matters. The Company has two primary product and service offerings in its Energy Efficiency solutions: LED lighting fixtures and lamps, and energy efficiency upgrades for its super ESCO customers. Its LED lighting solutions are engaged in the utility, commercial and industrial markets, while its ESCO energy efficiency solutions are engaged in serving the ESCO channel. Its LED lighting product line includes: LED-based lamps and fixtures for department stores and other commercial applications, including display and down-lighting; LED-based lighting fixtures for grocery, drug and convenience stores, including lights for reach-in refrigerated cases, shelf and canopy lighting for open refrigerated cases, overhead lighting for walk-in storage coolers, and outdoor lighting; and LED-based lighting fixtures for utilities, commercial and i
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