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. IPAS Indexo's quick ratio for the quarter that ended in Mar. 2024 was 9.56.
IPAS Indexo has a quick ratio of 9.56. It generally indicates good short-term financial strength.
The historical rank and industry rank for IPAS Indexo's Quick Ratio or its related term are showing as below:
ORSE:IDX1R'
s Quick Ratio Range Over the Past 10 Years
Min: 2.85 Med: 9.56 Max: 19.77
Current: 9.56
During the past 6 years, IPAS Indexo's highest Quick Ratio was 19.77. The lowest was 2.85. And the median was 9.56.
ORSE:IDX1R's Quick Ratio is ranked better than 72.7% of 685
companies
in the Asset Management industry
Industry Median: 2.78
vs ORSE:IDX1R: 9.56
IPAS Indexo Quick Ratio Historical Data
The historical data trend for IPAS Indexo'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.
Competitive Comparison of IPAS Indexo's Quick Ratio
For the Asset Management subindustry, IPAS Indexo'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.
IPAS Indexo's Quick Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, IPAS Indexo's Quick Ratio distribution charts can be found below:
* The bar in red indicates where IPAS Indexo's Quick Ratio falls into.
IPAS Indexo 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.
IPAS Indexo'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.
IPAS Indexo (ORSE:IDX1R) 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.
IPAS Indexo Quick Ratio Related Terms
Thank you for viewing the detailed overview of IPAS Indexo's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
IPAS Indexo is a licensed investment management company. INDEXO has revolutionized the pension administration market, now the company is working to do the same in the banking sector and establish a new, strong, modern, and customer-friendly bank. Its products include the 2nd pension level and 3. pension level.
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