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Professional Medical Expertise Co (SAU:9574) Quick Ratio : 0.96 (As of Dec. 2022)


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What is Professional Medical Expertise Co 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. Professional Medical Expertise Co's quick ratio for the quarter that ended in Dec. 2022 was 0.96.

Professional Medical Expertise Co has a quick ratio of 0.96. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Professional Medical Expertise Co's Quick Ratio or its related term are showing as below:

SAU:9574' s Quick Ratio Range Over the Past 10 Years
Min: 0.86   Med: 0.91   Max: 0.96
Current: 0.86

During the past 2 years, Professional Medical Expertise Co's highest Quick Ratio was 0.96. The lowest was 0.86. And the median was 0.91.

SAU:9574's Quick Ratio is ranked worse than
82.28% of 869 companies
in the Medical Devices & Instruments industry
Industry Median: 2.02 vs SAU:9574: 0.86

Professional Medical Expertise Co Quick Ratio Historical Data

The historical data trend for Professional Medical Expertise Co'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.

Professional Medical Expertise Co Quick Ratio Chart

Professional Medical Expertise Co Annual Data
Trend Dec22 Dec23
Quick Ratio
0.96 0.86

Professional Medical Expertise Co Quarterly Data
Dec22 Dec23
Quick Ratio 0.96 0.86

Competitive Comparison of Professional Medical Expertise Co's Quick Ratio

For the Medical Devices subindustry, Professional Medical Expertise Co'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.


Professional Medical Expertise Co's Quick Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Professional Medical Expertise Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Professional Medical Expertise Co's Quick Ratio falls into.



Professional Medical Expertise Co 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.

Professional Medical Expertise Co'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
=(261.143-113.871)/171.266
=0.86

Professional Medical Expertise Co's Quick Ratio for the quarter that ended in Dec. 2022 is calculated as

Quick Ratio (Q: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(186.501-73.443)/117.657
=0.96

* 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.


Professional Medical Expertise Co  (SAU:9574) 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.


Professional Medical Expertise Co Quick Ratio Related Terms

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Professional Medical Expertise Co (SAU:9574) Business Description

Traded in Other Exchanges
N/A
Address
Prince Saud Al-Faisal Street, Office No. 503, 5th Floor, Rawdah Bussiness Center, Rawdah District, Jeddah, SAU, 23434
Professional Medical Expertise Co is a medical devices distributor in the Saudi market, representing selected top-notch quality suppliers of inventive state of the art medical technologies. The Company's current activities comprise the import and export of medical implants, devices and high-tech consumables and their sale to private and public hospitals and medical centers throughout the Kingdom. It activities consist of the following: Agents involved in the sale of medicines, Drug warehouse activities, Retail sale of medical equipment, tools and supplies, Medical Devices warehouse activities and Legal representation of medical products and devices' manufacturers.

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