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. Kistos Holdings's quick ratio for the quarter that ended in Jun. 2024 was 1.40.
Kistos Holdings has a quick ratio of 1.40. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kistos Holdings's Quick Ratio or its related term are showing as below:
KSTOF'
s Quick Ratio Range Over the Past 10 Years
Min: 1.4 Med: 1.69 Max: 2.41
Current: 1.4
During the past 3 years, Kistos Holdings's highest Quick Ratio was 2.41. The lowest was 1.40. And the median was 1.69.
KSTOF's Quick Ratio is ranked better than 59.77% of 1049
companies
in the Oil & Gas industry
Industry Median: 1.11
vs KSTOF: 1.40
Kistos Holdings Quick Ratio Historical Data
The historical data trend for Kistos Holdings'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.
Kistos Holdings Quick Ratio Chart
Kistos Holdings Annual Data
Trend
Dec21
Dec22
Dec23
Quick Ratio
1.84
1.45
1.69
Kistos Holdings Semi-Annual Data
Jun22
Dec22
Jun23
Dec23
Jun24
Quick Ratio
2.41
1.45
2.00
1.69
1.40
Competitive Comparison of Kistos Holdings's Quick Ratio
For the Oil & Gas E&P subindustry, Kistos Holdings'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.
Kistos Holdings's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kistos Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kistos Holdings's Quick Ratio falls into.
Kistos Holdings 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.
Kistos Holdings'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.
Kistos Holdings (OTCPK:KSTOF) 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.
Kistos Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Kistos Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kistos Holdings PLC is established to create value for its investors through the acquisition and management of companies or businesses in the energy sector. Its principal area of activity is the acquisition and operation of companies or businesses in the energy sector, with a focus on upstream oil and gas activities. The company's reportable segments are; the Netherlands, comprising the production and sale of gas and other hydrocarbons in the Q10-A field and the related costs; the Norway segment comprises the production of oil from interests in the Balder and Ringhorne Ost fields offshore Norway; and the UK segment represents the production and sale of gas and other hydrocarbons from its interest in GLA and related costs.
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