SCCI (Shimmick Construction Company) Quick Ratio: 1.29 (As of Jun. 2015)


What is Shimmick Construction Company Quick Ratio?

Shimmick Construction Company SCCI Quick Ratio is 1.29 as of Jun. 2015.

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. Shimmick Construction Company's quick ratio for the quarter that ended in Jun. 2015 was 1.29.

Shimmick Construction Company has a quick ratio of 1.29. It generally indicates good short-term financial strength.

The historical rank and industry rank for Shimmick Construction Company's Quick Ratio or its related term are showing as below:

SCCI's Quick Ratio is not ranked *
in the Construction industry.
Industry Median: 1.285
* Ranked among companies with meaningful Quick Ratio only.

Shimmick Construction Company  (NAS:SCCI) 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.

Shimmick Construction Company Quick Ratio Related Terms

Shimmick Construction Company Quick Ratio Historical Data

* Premium members only.

The historical data trend for Shimmick Construction Company'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.

Shimmick Construction Company Quick Ratio Chart

Shimmick Construction Company Annual Data
Trend Dec13 Dec14
Quick Ratio
1.31 1.30

Shimmick Construction Company Semi-Annual Data
Dec13 Jun14 Dec14 Jun15
Quick Ratio 1.31 0.00 1.30 1.29

SCCI vs TSSI, SWMM, SFHI: Quick Ratio Comparison

For the Engineering & Construction subindustry, Shimmick Construction Company'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.

Shimmick Construction Company Quick Ratio vs Construction Industry

For the Construction industry and Industrials sector, Shimmick Construction Company's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Shimmick Construction Company's Quick Ratio falls into.


Shimmick Construction Company 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.

Shimmick Construction Company's Quick Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Quick Ratio (A: Dec. 2014 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(175.585-3.353)/132.007
=1.30

Shimmick Construction Company's Quick Ratio for the quarter that ended in Jun. 2015 is calculated as

Quick Ratio (Q: Jun. 2015 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(205.527-3.365)/156.791
=1.29

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 1.29 mean?
Shimmick Construction Company (SCCI) has a Quick Ratio of 1.29 as of Jun. 2015. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Shimmick Construction Company and its competitors.
Is Shimmick Construction Company's Quick Ratio too high?
Shimmick Construction Company's current Quick Ratio is 1.29. The Construction industry median Quick Ratio is 1.29. Shimmick Construction Company's value of 1.29 is 0.4% above this industry median.
How does Shimmick Construction Company's Quick Ratio compare to TSSI and SWMM?
Shimmick Construction Company's Quick Ratio of 1.29 can be compared against companies in the Construction industry. The industry median Quick Ratio is 1.29. Shimmick Construction Company's value of 1.29 is 0.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Construction company?
The median Quick Ratio among Construction companies is 1.29, based on 1,786 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shimmick Construction Company's current Quick Ratio of 1.29 is 0.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Shimmick Construction Company and its competitors. For the Construction industry, the median Quick Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shimmick Construction Company's current Quick Ratio is 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimmick Construction Company stock overvalued right now?
Shimmick Construction Company (SCCI) has a current Quick Ratio of 1.29. The current Quick Ratio is 1.29 and 0.4% above the Construction industry median of 1.29. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Shimmick Construction Company (SCCI), the current Quick Ratio is 1.29 as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shimmick Construction Company Business Description

Shimmick Construction Company Inc is a heavy civil construction company founded in 1990. The Company is engaged in construction activities in the western United States, with operations in California. The Company offers general construction, construction management, and design-build services to federal, state, and local public agencies and private customers in California and the Western United States. The Company operates in two segments including construction Projects and Construction Materials. The Construction Projects segment performs construction projects including new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities and other infrastructure projects. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. The Company's customers include Caltrans, City of San Francisco, Port of Long Beach, Port of Los Angeles, City of Los Angeles, LA MTA, BART, VTA, and the Metropolitan Water District of Southern California (MWD). The Company faces competition from competitors including Balfour Beatty plc, Barnard Construction Company, Inc., Dragados S.A., Flatiron Construction Corp., Fluor Corporation, Granite Construction Incorporated, Kiewit Corporation, Obayashi Corporation, Skanska AB, Traylor Bros., Inc., Tutor Perini Corporation, and Walsh Construction Co. The Company's business is subject to various federal, state and local laws and regulations relating to the environment, including those relating to discharges to air, water and land, the handling and disposal of solid and hazardous waste, the handling of underground storage tanks and the cleanup of properties affected by hazardous substances.