Access Engineering has a quick ratio of 0.67. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Access Engineering's Quick Ratio or its related term are showing as below:
COL:AEL.N0000'
s Quick Ratio Range Over the Past 10 Years
Min: 0.58 Med: 1.18 Max: 2.38
Current: 0.67
During the past 13 years, Access Engineering's highest Quick Ratio was 2.38. The lowest was 0.58. And the median was 1.18.
COL:AEL.N0000's Quick Ratio is ranked worse than 87.83% of 1693
companies
in the Construction industry
Industry Median: 1.28
vs COL:AEL.N0000: 0.67
Access Engineering Quick Ratio Historical Data
The historical data trend for Access Engineering'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 Access Engineering's Quick Ratio
For the Engineering & Construction subindustry, Access Engineering'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.
Access Engineering's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Access Engineering's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Access Engineering's Quick Ratio falls into.
Access Engineering 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.
Access Engineering's Quick Ratio for the fiscal year that ended in Mar. 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.
Access Engineering (COL:AEL.N0000) 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.
Access Engineering Quick Ratio Related Terms
Thank you for viewing the detailed overview of Access Engineering's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Access Engineering (COL:AEL.N0000) Business Description
Access Engineering PLC is involved in the business of construction activities and the supply of construction-related services and materials. The company is divided into four segments namely The Construction segment includes the process of constructing buildings and other infrastructures; The Construction-Related Materials segment involves the Production and supply of construction-related materials such as asphalt products, quarry products, and others; The Property segment is engaged in the development of high rise buildings and The Automobile segment includes importing and distribution, or sale of motor vehicles, and spare parts. It generates a majority of its revenue from the Construction Segment. The activities of the Group are located mainly in Sri Lanka.
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