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Transaction Capital (JSE:TCP) Quick Ratio : 2.96 (As of Sep. 2024)


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What is Transaction Capital 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. Transaction Capital's quick ratio for the quarter that ended in Sep. 2024 was 2.96.

Transaction Capital has a quick ratio of 2.96. It generally indicates good short-term financial strength.

The historical rank and industry rank for Transaction Capital's Quick Ratio or its related term are showing as below:

JSE:TCP' s Quick Ratio Range Over the Past 10 Years
Min: 1.66   Med: 3.39   Max: 32.47
Current: 1.66

During the past 13 years, Transaction Capital's highest Quick Ratio was 32.47. The lowest was 1.66. And the median was 3.39.

JSE:TCP's Quick Ratio is ranked worse than
66.75% of 382 companies
in the Credit Services industry
Industry Median: 4.06 vs JSE:TCP: 1.66

Transaction Capital Quick Ratio Historical Data

The historical data trend for Transaction Capital'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.

Transaction Capital Quick Ratio Chart

Transaction Capital Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.44 2.51 1.89 1.67 2.96

Transaction Capital Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 1.89 6.31 1.67 1.66 2.96

Competitive Comparison of Transaction Capital's Quick Ratio

For the Credit Services subindustry, Transaction Capital'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.


Transaction Capital's Quick Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Transaction Capital's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Transaction Capital's Quick Ratio falls into.



Transaction Capital 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.

Transaction Capital's Quick Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Quick Ratio (A: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(5133-0)/1734
=2.96

Transaction Capital's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(5133-0)/1734
=2.96

* 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.


Transaction Capital  (JSE:TCP) 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.


Transaction Capital Quick Ratio Related Terms

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Transaction Capital Business Description

Traded in Other Exchanges
N/A
Address
24 Cradock and Tyrwhitt Avenue, The Bank, 12th Floor, Rosebank, Johannesburg, GT, ZAF, 2196
Transaction Capital Ltd is an investment holding company. The company's operating segment includes SA Taxi; Nutun, WeBuyCars, and Group executive office. It generates maximum revenue from the WeBuyCars segment. WeBuyCars segment includes buyer, distributor, and retailer of vehicles, which also offers financial and other allied products. SA Taxi segment is engaged in a vertically integrated taxi platform incorporating a unique blend of vehicle procurement, retail, repossession and refurbishment capabilities with asset-backed developmental finance and insurance competencies for focused vehicle types.

Transaction Capital Headlines

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