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REVVF (ReVolve Renewable Power) Quick Ratio : 0.62 (As of Sep. 2024)


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What is ReVolve Renewable Power 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. ReVolve Renewable Power's quick ratio for the quarter that ended in Sep. 2024 was 0.62.

ReVolve Renewable Power has a quick ratio of 0.62. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for ReVolve Renewable Power's Quick Ratio or its related term are showing as below:

REVVF' s Quick Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.86   Max: 50.3
Current: 0.62

During the past 5 years, ReVolve Renewable Power's highest Quick Ratio was 50.30. The lowest was 0.38. And the median was 0.86.

REVVF's Quick Ratio is ranked worse than
82.81% of 442 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.22 vs REVVF: 0.62

ReVolve Renewable Power Quick Ratio Historical Data

The historical data trend for ReVolve Renewable Power'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.

ReVolve Renewable Power Quick Ratio Chart

ReVolve Renewable Power Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Quick Ratio
0.94 3.77 10.42 0.51 0.84

ReVolve Renewable Power Quarterly Data
Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.84 0.38 0.84 0.62

Competitive Comparison of ReVolve Renewable Power's Quick Ratio

For the Utilities - Renewable subindustry, ReVolve Renewable Power'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.


ReVolve Renewable Power's Quick Ratio Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where ReVolve Renewable Power's Quick Ratio falls into.



ReVolve Renewable Power 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.

ReVolve Renewable Power's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Quick Ratio (A: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(7.505-0)/8.924
=0.84

ReVolve Renewable Power's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(6.037-0)/9.717
=0.62

* 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.


ReVolve Renewable Power  (OTCPK:REVVF) 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.


ReVolve Renewable Power Quick Ratio Related Terms

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ReVolve Renewable Power Business Description

Traded in Other Exchanges
Address
Philipsburgh Avenue Fairview, Bushfield House, 57 Bushfield Square, Dublin, IRL, 3
ReVolve Renewable Power Corp develops utility-scale renewable energy projects across the U.S., Canada, and Mexico, focusing on wind, solar, and battery storage. Its portfolio includes the Primus Wind Project, Limon Solar & Storage Project, El 24 Wind Project, Box Springs Wind Farm, and Tamihi Creek Hydro among others. The company's operating segments are; utility-scale renewable energy generation projects with a particular focus on wind, solar, hydro, and battery storage technologies; behind-the-meter distributed electricity generation including rooftop solar, battery storage, and energy efficiency projects at customer premises; and corporate. Geographically, the company generates maximum revenue from the United States of America and the rest from Canada and Mexico.