T M C Industrial PCL has a quick ratio of 5.44. It generally indicates good short-term financial strength.
The historical rank and industry rank for T M C Industrial PCL's Quick Ratio or its related term are showing as below:
BKK:TMC-R'
s Quick Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.2 Max: 7.07
Current: 5.44
During the past 13 years, T M C Industrial PCL's highest Quick Ratio was 7.07. The lowest was 0.10. And the median was 0.20.
BKK:TMC-R's Quick Ratio is ranked better than 96.17% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.09
vs BKK:TMC-R: 5.44
T M C Industrial PCL Quick Ratio Historical Data
The historical data trend for T M C Industrial 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.
Competitive Comparison of T M C Industrial PCL's Quick Ratio
For the Farm & Heavy Construction Machinery subindustry, T M C Industrial 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.
T M C Industrial PCL's Quick Ratio Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, T M C Industrial PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where T M C Industrial PCL's Quick Ratio falls into.
T M C Industrial 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.
T M C Industrial PCL's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
T M C Industrial PCL (BKK:TMC-R) 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.
T M C Industrial PCL Quick Ratio Related Terms
Thank you for viewing the detailed overview of T M C Industrial PCL's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
T M C Industrial PCL (BKK:TMC-R) Business Description
T M C Industrial PLC manufactures and distributes mechanical and hydraulic press systems. The company operates its business through three segments: Manufacture and Distribution of Machinery; Services and Project construction service segment. The Manufacture and Distribution of Machinery segment which contributes majorly towards the firm's revenue engages in the manufacturing and distribution of hydraulic machines, such as press machines, cranes, and handling equipment. The Services segment engages in the provision of machine repair and maintenance and metal machining services. The Project construction service segment is engaged in the project construction service by supplying machines and installation according to the contract.
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