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STETW (ST Energy Transition I) Quick Ratio : 17.42 (As of Mar. 2023)


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What is ST Energy Transition I 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. ST Energy Transition I's quick ratio for the quarter that ended in Mar. 2023 was 17.42.

ST Energy Transition I has a quick ratio of 17.42. It generally indicates good short-term financial strength.

The historical rank and industry rank for ST Energy Transition I's Quick Ratio or its related term are showing as below:

STETW' s Quick Ratio Range Over the Past 10 Years
Min: 0.71   Med: 16.32   Max: 20.98
Current: 17.42

During the past 2 years, ST Energy Transition I's highest Quick Ratio was 20.98. The lowest was 0.71. And the median was 16.32.

STETW's Quick Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.36 vs STETW: 17.42

ST Energy Transition I Quick Ratio Historical Data

The historical data trend for ST Energy Transition I'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.

ST Energy Transition I Quick Ratio Chart

ST Energy Transition I Annual Data
Trend Dec21 Dec22
Quick Ratio
0.71 20.98

ST Energy Transition I Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Quick Ratio Get a 7-Day Free Trial 1.22 15.21 20.10 20.98 17.42

Competitive Comparison of ST Energy Transition I's Quick Ratio

For the Shell Companies subindustry, ST Energy Transition I'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.

ST Energy Transition I's Quick Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ST Energy Transition I's Quick Ratio distribution charts can be found below:

* The bar in red indicates where ST Energy Transition I's Quick Ratio falls into.


ST Energy Transition I 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.

ST Energy Transition I's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(297.058-0)/14.162
=20.98

ST Energy Transition I's Quick Ratio for the quarter that ended in Mar. 2023 is calculated as

Quick Ratio (Q: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(299.949-0)/17.215
=17.42

* 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.

ST Energy Transition I  (OTCPK:STETW) 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.

ST Energy Transition I Quick Ratio Related Terms

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ST Energy Transition I Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ST Energy Transition I Ltd (OTCPK:STETW) » Definitions » Quick Ratio
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Traded in Other Exchanges
N/A
Address
14 Par-la-Ville Road, Par-la-Ville Place, 4th Floor, Hamilton, BMU, HM08
Website
https://www.stenergy1.com
ST Energy Transition I Ltd is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.