LTS:0QHA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.71 Med: 0.8 Max: 0.91
Current: 0.9
During the past 8 years, Cia Logistica de Hidrocarburos CLH's highest Quick Ratio was 0.91. The lowest was 0.71. And the median was 0.80.
LTS:0QHA's Quick Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.12
vs LTS:0QHA: 0.90
Cia Logistica de Hidrocarburos CLH (LTS:0QHA) 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.
Cia Logistica de Hidrocarburos CLH Quick Ratio Related Terms
Cia Logistica de Hidrocarburos CLH Quick Ratio Historical Data
* 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.
Cia Logistica de Hidrocarburos CLH Quick Ratio Chart
For the Oil & Gas Midstream subindustry, Cia Logistica de Hidrocarburos CLH'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.
Cia Logistica de Hidrocarburos CLH Quick Ratio vs Oil & Gas Industry
Cia Logistica de Hidrocarburos CLH 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.
* 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.
Cia Logistica de Hidrocarburos CLH (LTS:0QHA) has a Quick Ratio of 0.90 as of Sep. 2015. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Cia Logistica de Hidrocarburos CLH and its competitors. This is 13% above median its historical median of 0.80. Over the past decade, Cia Logistica de Hidrocarburos CLH's Quick Ratio has ranged from 0.71 to 0.91.
Is Cia Logistica de Hidrocarburos CLH's Quick Ratio too high?
Cia Logistica de Hidrocarburos CLH's current Quick Ratio of 0.90 is 13% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 0.91. The Oil & Gas industry median Quick Ratio is 1.12. Cia Logistica de Hidrocarburos CLH's value of 0.90 is 19.6% below this industry median.
How does Cia Logistica de Hidrocarburos CLH's Quick Ratio compare to NS and PAGP?
Cia Logistica de Hidrocarburos CLH's Quick Ratio of 0.90 can be compared against companies in the Oil & Gas industry. The industry median Quick Ratio is 1.12. Cia Logistica de Hidrocarburos CLH's value of 0.90 is 19.6% below this benchmark. Historically, Cia Logistica de Hidrocarburos CLH's own Quick Ratio has ranged from 0.71 to 0.91 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.12, Cia Logistica de Hidrocarburos CLH has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.12, based on 1,014 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cia Logistica de Hidrocarburos CLH's current Quick Ratio of 0.90 is 19.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Cia Logistica de Hidrocarburos CLH and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cia Logistica de Hidrocarburos CLH's current Quick Ratio is 0.90, which is 13% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cia Logistica de Hidrocarburos CLH stock overvalued right now?
Cia Logistica de Hidrocarburos CLH (LTS:0QHA) has a current Quick Ratio of 0.90. The current Quick Ratio is 0.90, which is 13% above median its 10-year median of 0.80 and 19.6% below the Oil & Gas industry median of 1.12. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Cia Logistica de Hidrocarburos CLH (LTS:0QHA), the current Quick Ratio is 0.90 as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Cia Logistica de Hidrocarburos CLH Business Description
Cia Logistica de Hidrocarburos CLH SA was formed on October 24, 1927. The Company is engaged in the storage, transportation and distribution of oil products in mainland Spain and the Balearic Islands, on behalf of the oil companies that operate in the Spanish market. This activity basically consists of receiving oil products at its facilities - mainly gasolines, diesels, fuel oils, aviation fuels and biofuels - and transporting and storing these products, and final delivery to the company's customers through its tank truck loading facilities. Its segment consists of: the land supplies business segment consists of logistics services comprising storage, transportation and distribution of all kinds of hydrocarbons and chemicals, and their derivatives and waste products, as well as advice and technical assistance in the provision of the services. The air supplies business segment consists of logistics services involving the storage, distribution and serving at airports of all kinds of aircraft fuels and lubricants.
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