SODEP -Marsa Maroc has a quick ratio of 1.96. It generally indicates good short-term financial strength.
The historical rank and industry rank for SODEP -Marsa Maroc's Quick Ratio or its related term are showing as below:
CAS:MSA'
s Quick Ratio Range Over the Past 10 Years
Min: 1.16 Med: 2.07 Max: 3.03
Current: 1.96
During the past 9 years, SODEP -Marsa Maroc's highest Quick Ratio was 3.03. The lowest was 1.16. And the median was 2.07.
CAS:MSA's Quick Ratio is ranked better than 72.25% of 973
companies
in the Transportation industry
Industry Median: 1.31
vs CAS:MSA: 1.96
SODEP -Marsa Maroc Quick Ratio Historical Data
The historical data trend for SODEP -Marsa Maroc'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 SODEP -Marsa Maroc's Quick Ratio
For the Marine Shipping subindustry, SODEP -Marsa Maroc'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.
SODEP -Marsa Maroc's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, SODEP -Marsa Maroc's Quick Ratio distribution charts can be found below:
* The bar in red indicates where SODEP -Marsa Maroc's Quick Ratio falls into.
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.
SODEP -Marsa Maroc'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.
SODEP -Marsa Maroc (CAS:MSA) 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.
SODEP -Marsa Maroc Quick Ratio Related Terms
Thank you for viewing the detailed overview of SODEP -Marsa Maroc's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SODEP -Marsa Maroc SA is engaged in the management of port terminals. The company offers its customers, importers and exporters, ship owners and shipping agents, freight forwarders, and logistics companies, a wide range of port logistics services. The services offered fall into two categories: services to ships such as piloting, towing, mooring and refueling; and services to goods which includes basic services like handling on board ships and on the dockside, storing, pointing, weighing, stuffing and unstuffing of containers and other related services. The company's segment consists of container, solid bulk, conventional, liquid bulk, Ro-Ro, passengers.
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