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PITA (Heramba Electric) Quick Ratio : 0.45 (As of Dec. 2023)


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What is Heramba Electric 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. Heramba Electric's quick ratio for the quarter that ended in Dec. 2023 was 0.45.

Heramba Electric has a quick ratio of 0.45. It indicates that the company cannot currently fully pay back its current liabilities.

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

PITA's Quick Ratio is not ranked *
in the Industrial Distribution industry.
Industry Median: 1.195
* Ranked among companies with meaningful Quick Ratio only.

Heramba Electric Quick Ratio Historical Data

The historical data trend for Heramba Electric'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.

Heramba Electric Quick Ratio Chart

Heramba Electric Annual Data
Trend Dec22 Dec23
Quick Ratio
- 0.45

Heramba Electric Semi-Annual Data
Dec22 Jun23 Dec23
Quick Ratio - 0.87 0.45

Competitive Comparison of Heramba Electric's Quick Ratio

For the Industrial Distribution subindustry, Heramba Electric'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.


Heramba Electric's Quick Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Heramba Electric's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Heramba Electric's Quick Ratio falls into.


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Heramba Electric 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.

Heramba Electric's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.794-0)/6.162
=0.45

Heramba Electric's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(2.794-0)/6.162
=0.45

* 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.


Heramba Electric  (NAS:PITA) 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.


Heramba Electric Quick Ratio Related Terms

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Heramba Electric Business Description

Traded in Other Exchanges
N/A
Address
Kiepe Platz 1, Dusseldorf, NW, DEU, D-40599
Heramba Electric PLC provides electric mobility products and solutions for rail vehicles and buses. It offers its services to public transport companies, fleet operators and vehicle manufacturers as a solution designer and system integrator of electrical systems for rail vehicle systems (including trams, light rail vehicles, metros, regional trains and locomotives) and electrical vehicle systems (including electric buses, such as pure electric In Motion Charging trolley buses and battery electric buses). As an electrical engineering specialist, the Company supplies urban operators and rail vehicle and bus manufacturers with electrical systems for ecologically sustainable and emission-free public transportation solutions.