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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Quantum Energy's current ratio for the quarter that ended in Sep. 2023 was 0.00.
Quantum Energy has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Quantum Energy has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Quantum Energy's Current Ratio or its related term are showing as below:
During the past 8 years, Quantum Energy's highest Current Ratio was 22.50. The lowest was 0.01. And the median was 0.02.
The historical data trend for Quantum Energy's Current 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.
For the Consulting Services subindustry, Quantum Energy's Current Ratio, along with its competitors' market caps and Current 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.
For the Business Services industry and Industrials sector, Quantum Energy's Current Ratio distribution charts can be found below:
* The bar in red indicates where Quantum Energy's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Quantum Energy's Current Ratio for the fiscal year that ended in Feb. 2022 is calculated as
Current Ratio (A: Feb. 2022 ) | = | Total Current Assets (A: Feb. 2022 ) | / | Total Current Liabilities (A: Feb. 2022 ) |
= | 0.008 | / | 5.037 | |
= | 0.00 |
Quantum Energy's Current Ratio for the quarter that ended in Sep. 2023 is calculated as
Current Ratio (Q: Sep. 2023 ) | = | Total Current Assets (Q: Sep. 2023 ) | / | Total Current Liabilities (Q: Sep. 2023 ) |
= | 0 | / | 3.685 | |
= | 0.00 |
* 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.
Quantum Energy (OTCPK:FLCX) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Quantum Energy's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dennis M Danzik | director, officer: CEO | 14747 N. NORTHSIGHT BLVD, STE.111-218, SCOTTSDALE AZ 85260 |
Kifu Llc | 10 percent owner | 2505 ANTHEM VILLAGE DRIVE, SUITE E-334, HENDERSON NV 89052 |
William Westbrook | director | P.O. BOX 431, VERNON AZ 85940 |
Craig N Kitchen | director | 11201 N. TATUM BLVD.,, SUITE 110, SCOTTSDALE AZ 85028 |
Douglas Charles Bean | 10 percent owner, other: shareholder | 2728 CAROLINA BLUE AVE, HENDERSON NV 89052 |
Mark Vange | director, officer: Chief Technical Officer | 1282A CORNWALL ROAD, OAKVILLE A6 LGJ 7W5 |
Helen Bernardino | director | 1282A CORNWALL ROAD, OAKVILLE A6 L6J 7W5 |
Richard Hue | 10 percent owner | 1282A CORNWALL ROAD, OAKVILLE Z4 L6J 7W5 |
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