PT Remala Abadi Tbk (ISX:DATA) Quick Ratio : 0.54 (As of Dec. 2024)

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What is PT Remala Abadi Tbk 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. PT Remala Abadi Tbk's quick ratio for the quarter that ended in Dec. 2024 was 0.54.

PT Remala Abadi Tbk has a quick ratio of 0.54. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for PT Remala Abadi Tbk's Quick Ratio or its related term are showing as below:

ISX:DATA' s Quick Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.54 Max: 0.89
Current: 0.54

During the past 5 years, PT Remala Abadi Tbk's highest Quick Ratio was 0.89. The lowest was 0.20. And the median was 0.54.

ISX:DATA's Quick Ratio is ranked worse than
81.17% of 377 companies
in the Telecommunication Services industry
Industry Median: 0.97 vs ISX:DATA: 0.54

PT Remala Abadi Tbk Quick Ratio Historical Data

The historical data trend for PT Remala Abadi Tbk'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.

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PT Remala Abadi Tbk Quick Ratio Chart

PT Remala Abadi Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Quick Ratio

0.20

0.44

0.89

0.54

PT Remala Abadi Tbk Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Dec24
Quick Ratio	0.20	0.44	0.89	0.54	0.54

Competitive Comparison of PT Remala Abadi Tbk's Quick Ratio

For the Telecom Services subindustry, PT Remala Abadi Tbk'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.

PT Remala Abadi Tbk's Quick Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Remala Abadi Tbk's Quick Ratio distribution charts can be found below:

* The bar in red indicates where PT Remala Abadi Tbk's Quick Ratio falls into.

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PT Remala Abadi Tbk 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.

PT Remala Abadi Tbk's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(102689.949	-	67992.377)	/	63945.772
	=	0.54

PT Remala Abadi Tbk's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(102689.949	-	67992.377)	/	63945.772
	=	0.54

PT Remala Abadi Tbk (ISX:DATA) 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.

PT Remala Abadi Tbk Quick Ratio Related Terms

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PT Remala Abadi Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Remala Abadi Tbk (ISX:DATA) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Gatot Subroto No 74-75, RT 02/ RW 01. Menteng Dalam, Kec. Tebet, Kota Jakarta Selatan, Jakarta, IDN, 12870

Website

https://www.remala.id

PT Remala Abadi Tbk operates in the ISP (Internet Service Provider) sector, providing Internet services including Broadband Internet, Local Link services, Managed Services (IP CAM setup, VOIP, WiFi Device), Server Colocation, as well as Fiber Optic Business to Business connectivity/installation and multimedia services. The company has experience in serving the telecommunications and internet service needs of various business segments, including the Corporate Telecommunications Industry, Government, Ministries and Institutions, Banking, Tourism, Education, Housing, and others.