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. Positron Energy's quick ratio for the quarter that ended in Mar. 2024 was 2.09.
Positron Energy has a quick ratio of 2.09. It generally indicates good short-term financial strength.
The historical rank and industry rank for Positron Energy's Quick Ratio or its related term are showing as below:
NSE:POSITRON'
s Quick Ratio Range Over the Past 10 Years
Min: 1.48 Med: 2.31 Max: 2.56
Current: 2.09
During the past 4 years, Positron Energy's highest Quick Ratio was 2.56. The lowest was 1.48. And the median was 2.31.
NSE:POSITRON's Quick Ratio is ranked better than 74.47% of 1042
companies
in the Oil & Gas industry
Industry Median: 1.14
vs NSE:POSITRON: 2.09
Positron Energy Quick Ratio Historical Data
The historical data trend for Positron Energy'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.
Positron Energy Quick Ratio Chart
Positron Energy Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Quick Ratio
2.56
2.52
1.48
2.09
Positron Energy Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Quick Ratio
2.56
2.52
1.48
2.09
Competitive Comparison of Positron Energy's Quick Ratio
For the Oil & Gas Equipment & Services subindustry, Positron Energy'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.
Positron Energy's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Positron Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Positron Energy's Quick Ratio falls into.
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.
Positron Energy's Quick Ratio for the fiscal year that ended in Mar. 2024 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.
Positron Energy (NSE:POSITRON) 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.
Positron Energy Quick Ratio Related Terms
Thank you for viewing the detailed overview of Positron Energy's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Positron Energy Ltd is engaged in Management & Technical Advisory Services of Oil and Gas Industry. It provide end to end solutions for Gas distribution to the Industries across India. The company provides Management Consultancy Services like commercial and financial advisory, technical services including Project Management and O&M (Operation and Management) Services, across the Gas Sector in India. It has successfully developed a Gas aggregation business volume of 35 MMSCM (approx), especially Natural Gas. its technical qualifications and empanelment with industrial customers attest to its reliability and competence. Moreover, distribution of Natural gas is facilitated through common carrier pipeline networks operated by public and private sector players in the Indian market.
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