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Alternergy Holdings (PHS:ALTER) Quick Ratio : 3.37 (As of Mar. 2024)


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What is Alternergy Holdings 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. Alternergy Holdings's quick ratio for the quarter that ended in Mar. 2024 was 3.37.

Alternergy Holdings has a quick ratio of 3.37. It generally indicates good short-term financial strength.

The historical rank and industry rank for Alternergy Holdings's Quick Ratio or its related term are showing as below:

PHS:ALTER' s Quick Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.56   Max: 4.46
Current: 3.37

During the past 6 years, Alternergy Holdings's highest Quick Ratio was 4.46. The lowest was 0.54. And the median was 1.56.

PHS:ALTER's Quick Ratio is ranked better than
86.24% of 436 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.205 vs PHS:ALTER: 3.37

Alternergy Holdings Quick Ratio Historical Data

The historical data trend for Alternergy Holdings'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.

Alternergy Holdings Quick Ratio Chart

Alternergy Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Jun22 Jun23
Quick Ratio
Get a 7-Day Free Trial 1.42 0.54 0.56 0.84 2.47

Alternergy Holdings Quarterly Data
Dec18 Dec19 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Mar23 Jun23 Dec23 Mar24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 2.72 2.47 4.46 3.37

Competitive Comparison of Alternergy Holdings's Quick Ratio

For the Utilities - Renewable subindustry, Alternergy Holdings'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.


Alternergy Holdings's Quick Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alternergy Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Alternergy Holdings's Quick Ratio falls into.



Alternergy Holdings 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.

Alternergy Holdings's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1568.984-2.965)/634.746
=2.47

Alternergy Holdings's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2916.867-0)/864.28
=3.37

* 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.


Alternergy Holdings  (PHS:ALTER) 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.


Alternergy Holdings Quick Ratio Related Terms

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Alternergy Holdings (PHS:ALTER) Business Description

Traded in Other Exchanges
N/A
Address
Paseo de Roxas corner Legazpi Street, Level 3B, 111 Paseo de Roxas Building, Legazpi Village, Makati, PHL, 1229
Alternergy Holdings Corp is a renewable energy holding company. The company's segments include Wind Energy; Hydro Energy; Solar Energy and Retail Energy Supplier (RES). It generates maximum revenue from the Solar Energy segment. The Solar Energy segment includes Generation and supply of solar power to various customers under power supply contracts.

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