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Hidrovias DO Brasil (BSP:HBSA3) Quick Ratio : 1.65 (As of Dec. 2023)


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What is Hidrovias DO Brasil 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. Hidrovias DO Brasil's quick ratio for the quarter that ended in Dec. 2023 was 1.65.

Hidrovias DO Brasil has a quick ratio of 1.65. It generally indicates good short-term financial strength.

The historical rank and industry rank for Hidrovias DO Brasil's Quick Ratio or its related term are showing as below:

BSP:HBSA3' s Quick Ratio Range Over the Past 10 Years
Min: 0.2   Med: 1.68   Max: 3.74
Current: 1.65

During the past 11 years, Hidrovias DO Brasil's highest Quick Ratio was 3.74. The lowest was 0.20. And the median was 1.68.

BSP:HBSA3's Quick Ratio is ranked better than
64.83% of 981 companies
in the Transportation industry
Industry Median: 1.26 vs BSP:HBSA3: 1.65

Hidrovias DO Brasil Quick Ratio Historical Data

The historical data trend for Hidrovias DO Brasil'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.

Hidrovias DO Brasil Quick Ratio Chart

Hidrovias DO Brasil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.74 3.07 1.88 1.71 1.65

Hidrovias DO Brasil Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.71 1.75 1.96 2.25 1.65

Competitive Comparison of Hidrovias DO Brasil's Quick Ratio

For the Integrated Freight & Logistics subindustry, Hidrovias DO Brasil'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.


Hidrovias DO Brasil's Quick Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hidrovias DO Brasil's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Hidrovias DO Brasil's Quick Ratio falls into.



Hidrovias DO Brasil 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.

Hidrovias DO Brasil'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
=(1320.223-93.826)/743.223
=1.65

Hidrovias DO Brasil's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1320.223-93.826)/743.223
=1.65

* 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.


Hidrovias DO Brasil  (BSP:HBSA3) 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.


Hidrovias DO Brasil Quick Ratio Related Terms

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Hidrovias DO Brasil (BSP:HBSA3) Business Description

Traded in Other Exchanges
N/A
Address
Fradique Coutinho, 30, 7th Floor, Pinheiros, Sao Paulo, SP, BRA, CEP: 05416-000
Hidrovias DO Brasil SA is a provider of integrated logistics solutions with a focus on waterways. The company provides integrated waterway logistics, storage, and related services with long-term take-or-pay contracts, as well as annual contracts, through a broad base asset, including transshipment services and port terminals, and its advanced fleet of barges, pushers, and cabotage vessels. Its operating segment includes North Corridor; South Corridor; Cabotage; Santos and other. The company generates maximum revenue from the North Corridor segment.

Hidrovias DO Brasil (BSP:HBSA3) Headlines

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