EKI Energy Services has a quick ratio of 5.07. It generally indicates good short-term financial strength.
The historical rank and industry rank for EKI Energy Services's Quick Ratio or its related term are showing as below:
BOM:543284'
s Quick Ratio Range Over the Past 10 Years
Min: 1.33 Med: 2.21 Max: 5.07
Current: 5.07
During the past 7 years, EKI Energy Services's highest Quick Ratio was 5.07. The lowest was 1.33. And the median was 2.21.
BOM:543284's Quick Ratio is ranked better than 90.35% of 1078
companies
in the Business Services industry
Industry Median: 1.545
vs BOM:543284: 5.07
EKI Energy Services Quick Ratio Historical Data
The historical data trend for EKI Energy Services'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 EKI Energy Services's Quick Ratio
For the Consulting Services subindustry, EKI Energy Services'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.
EKI Energy Services's Quick Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, EKI Energy Services's Quick Ratio distribution charts can be found below:
* The bar in red indicates where EKI Energy Services's Quick Ratio falls into.
EKI Energy Services 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.
EKI Energy Services's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
EKI Energy Services (BOM:543284) 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.
EKI Energy Services Quick Ratio Related Terms
Thank you for viewing the detailed overview of EKI Energy Services's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
EKI Energy Services (BOM:543284) Business Description
EKI Energy Services Ltd is engaged in the business of carbon credits trading, Business excellence advisory services and training services, and Electrical Safety Audits. The company offer services to various clients in the government and private sectors like power generation, waste management, clean development mechanism, airports and many more industries. The company has two reportable segments which are Trading & Other Segment: where the carbon credits are purchased from various vendors and are sold to customers as well as manufacturing and allied activities are undertaken and Generation Segment: where the carbon credits are issued from the projects implemented, developed and owned by the company.
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