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Sabien Technology Group (LSE:SNT) Quick Ratio : 0.42 (As of Jun. 2024)


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What is Sabien Technology Group 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. Sabien Technology Group's quick ratio for the quarter that ended in Jun. 2024 was 0.42.

Sabien Technology Group has a quick ratio of 0.42. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Sabien Technology Group's Quick Ratio or its related term are showing as below:

LSE:SNT' s Quick Ratio Range Over the Past 10 Years
Min: 0.37   Med: 1.46   Max: 7.36
Current: 0.42

During the past 13 years, Sabien Technology Group's highest Quick Ratio was 7.36. The lowest was 0.37. And the median was 1.46.

LSE:SNT's Quick Ratio is ranked worse than
94.6% of 3021 companies
in the Industrial Products industry
Industry Median: 1.39 vs LSE:SNT: 0.42

Sabien Technology Group Quick Ratio Historical Data

The historical data trend for Sabien Technology Group'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.

Sabien Technology Group Quick Ratio Chart

Sabien Technology Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 7.36 1.54 1.18 0.42

Sabien Technology Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 1.54 2.46 1.18 0.37 0.42

Competitive Comparison of Sabien Technology Group's Quick Ratio

For the Specialty Industrial Machinery subindustry, Sabien Technology Group'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.


Sabien Technology Group's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sabien Technology Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Sabien Technology Group's Quick Ratio falls into.



Sabien Technology Group 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.

Sabien Technology Group's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Quick Ratio (A: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.345-0.07)/0.652
=0.42

Sabien Technology Group's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.345-0.07)/0.652
=0.42

* 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.


Sabien Technology Group  (LSE:SNT) 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.


Sabien Technology Group Quick Ratio Related Terms

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Sabien Technology Group Business Description

Traded in Other Exchanges
N/A
Address
71-75 Shelton Street, London, GBR, WC2H 9JQ
Sabien Technology Group PLC operates in energy efficiency products. It designs, manufactures, and sells commercial boiler and direct-fired hot water heater optimization controls predominantly in the United Kingdom. The products of the company include M2G boiler load optimization controller to improve the efficiency of each boiler and M1G direct fired hot water heater control technology to reduce energy costs and carbon emissions. Geographically, it derives a majority of its revenue from the United Kingdom.