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BRC Asia (SGX:BEC) Quick Ratio : 0.97 (As of Sep. 2024)


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What is BRC Asia 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. BRC Asia's quick ratio for the quarter that ended in Sep. 2024 was 0.97.

BRC Asia has a quick ratio of 0.97. It indicates that the company cannot currently fully pay back its current liabilities.

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

SGX:BEC' s Quick Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.84   Max: 1.14
Current: 0.97

During the past 13 years, BRC Asia's highest Quick Ratio was 1.14. The lowest was 0.50. And the median was 0.84.

SGX:BEC's Quick Ratio is ranked worse than
52.26% of 643 companies
in the Steel industry
Industry Median: 1 vs SGX:BEC: 0.97

BRC Asia Quick Ratio Historical Data

The historical data trend for BRC Asia'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.

BRC Asia Quick Ratio Chart

BRC Asia Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.50 0.71 0.83 0.97

BRC Asia Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Sep23 Mar24 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 Premium Member Only Premium Member Only Premium Member Only 0.71 0.86 0.83 0.91 0.97

Competitive Comparison of BRC Asia's Quick Ratio

For the Steel subindustry, BRC Asia'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.


BRC Asia's Quick Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BRC Asia's Quick Ratio distribution charts can be found below:

* The bar in red indicates where BRC Asia's Quick Ratio falls into.



BRC Asia 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.

BRC Asia's Quick Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Quick Ratio (A: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(762.009-377.454)/398.365
=0.97

BRC Asia'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
=(762.009-377.454)/398.365
=0.97

* 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.


BRC Asia  (SGX:BEC) 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.


BRC Asia Quick Ratio Related Terms

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BRC Asia Business Description

Traded in Other Exchanges
N/A
Address
7 Tuas Avenue 16, Singapore, SGP, 638934
BRC Asia Ltd is a provider of steel reinforcement solutions. The reportable segments of the company are fabrication and manufacturing; Trading; and others. It generates maximum revenue from the fabrication and manufacturing segment. The fabrication and manufacturing segment is involved in the business of prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. Trading segment is involved in trading of steel and steel related products in both domestic and international market. Others relates to management of airport, hotel and resort and property development. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Thailand, Hong Kong, Australia and others.

BRC Asia Headlines

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