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. Metis Energy's quick ratio for the quarter that ended in Dec. 2024 was 1.29.
Metis Energy has a quick ratio of 1.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Metis Energy's Quick Ratio or its related term are showing as below:
SGX:L02'
s Quick Ratio Range Over the Past 10 Years
Min: 0.52 Med: 1.15 Max: 4.09
Current: 1.29
During the past 13 years, Metis Energy's highest Quick Ratio was 4.09. The lowest was 0.52. And the median was 1.15.
SGX:L02's Quick Ratio is ranked better than 68.07% of 498
companies
in the Utilities - Regulated industry
Industry Median: 1.01
vs SGX:L02: 1.29
Metis Energy Quick Ratio Historical Data
The historical data trend for Metis Energy'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.
Competitive Comparison of Metis Energy's Quick Ratio
For the Utilities - Regulated Electric subindustry, Metis Energy'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.
Metis Energy's Quick Ratio Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Metis Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Metis Energy's Quick Ratio falls into.
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.
Metis Energy's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Metis Energy (SGX:L02) 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.
Metis Energy Quick Ratio Related Terms
Thank you for viewing the detailed overview of Metis Energy's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Metis Energy Ltd is a renewable energy and infrastructure developer. It operates through five segments: the Power Plant segment relates to the construction, acquisition, operations, and maintenance of power plants and the production and sale of electric power in Indonesia; the Renewable Energy segment relates to the construction, acquisition, operations, and maintenance of renewable generation facilities and the production and sale of renewable energy in Vietnam; the Shipping segment relates to ship chartering and provision of freight services in Indonesia, mainly for coal-carrying activities. the corporate and Others segment is involved in Group-level corporate services, treasury functions, investments in properties, and others. The Power Plant segment derives the majority of revenue.
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