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Commercial Real Estate Co KSCC (KUW:ALTIJARIA) Quick Ratio : 2.99 (As of Sep. 2024)


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What is Commercial Real Estate Co KSCC 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. Commercial Real Estate Co KSCC's quick ratio for the quarter that ended in Sep. 2024 was 2.99.

Commercial Real Estate Co KSCC has a quick ratio of 2.99. It generally indicates good short-term financial strength.

The historical rank and industry rank for Commercial Real Estate Co KSCC's Quick Ratio or its related term are showing as below:

KUW:ALTIJARIA' s Quick Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.01   Max: 2.99
Current: 2.99

During the past 13 years, Commercial Real Estate Co KSCC's highest Quick Ratio was 2.99. The lowest was 0.59. And the median was 1.01.

KUW:ALTIJARIA's Quick Ratio is ranked better than
84.52% of 1809 companies
in the Real Estate industry
Industry Median: 0.82 vs KUW:ALTIJARIA: 2.99

Commercial Real Estate Co KSCC Quick Ratio Historical Data

The historical data trend for Commercial Real Estate Co KSCC'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.

Commercial Real Estate Co KSCC Quick Ratio Chart

Commercial Real Estate Co KSCC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 1.22 1.65 0.99 1.83

Commercial Real Estate Co KSCC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 1.82 1.83 1.81 1.38 2.99

Competitive Comparison of Commercial Real Estate Co KSCC's Quick Ratio

For the Real Estate Services subindustry, Commercial Real Estate Co KSCC'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.


Commercial Real Estate Co KSCC's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Commercial Real Estate Co KSCC's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Commercial Real Estate Co KSCC's Quick Ratio falls into.



Commercial Real Estate Co KSCC 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.

Commercial Real Estate Co KSCC's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(71.787-16.91)/29.933
=1.83

Commercial Real Estate Co KSCC'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
=(81.632-16.817)/21.666
=2.99

* 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.


Commercial Real Estate Co KSCC  (KUW:ALTIJARIA) 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.


Commercial Real Estate Co KSCC Quick Ratio Related Terms

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Commercial Real Estate Co KSCC Business Description

Traded in Other Exchanges
N/A
Address
Al-Sharq Jaber Al Mubarak Street, Commercial Real Estate Building, P.O.Box 4119, Safat, Kuwait City, KWT, 13042
Commercial Real Estate Co KSCC is engaged in performing various real estate, agricultural, industrial, and commercial activities, carrying out contracting, road and building constructions, including the sale, purchase, and lease of land and real estate properties and construction of buildings. It operates through the Real estate, Hotel, and Investment business segment, of which the majority of its revenue comes from the real estate segment. Its geographical segments are the State of Kuwait, Gulf Countries, and Others.

Commercial Real Estate Co KSCC Headlines

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