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. Enapter AG's quick ratio for the quarter that ended in Jun. 2023 was 2.12.
Enapter AG has a quick ratio of 2.12. It generally indicates good short-term financial strength.
The historical rank and industry rank for Enapter AG's Quick Ratio or its related term are showing as below:
STU:H2O'
s Quick Ratio Range Over the Past 10 Years
Min: 0.17 Med: 1.2 Max: 4.15
Current: 2.12
During the past 7 years, Enapter AG's highest Quick Ratio was 4.15. The lowest was 0.17. And the median was 1.20.
STU:H2O's Quick Ratio is ranked better than 70.94% of 3018
companies
in the Industrial Products industry
Industry Median: 1.405
vs STU:H2O: 2.12
Enapter AG Quick Ratio Historical Data
The historical data trend for Enapter AG'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 Enapter AG's Quick Ratio
For the Specialty Industrial Machinery subindustry, Enapter AG'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.
Enapter AG's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Enapter AG's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Enapter AG's Quick Ratio falls into.
Enapter AG 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.
Enapter AG's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Enapter AG (STU:H2O) 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.
Enapter AG Quick Ratio Related Terms
Thank you for viewing the detailed overview of Enapter AG's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Enapter AG is engaged in research and development in the field of hydrogen systems with a focus on electrolysis, project management in Renewable Energy Systems and Smart-Grid Technology, software development for Smart Grid, Smart Energy and Industry 4.0 and Internet of Things (IoT), and manufacturing and production, design, planning, trading and resale of electrolysers and similar products and related software and control systems. Specifically, the Enapter Group develops and manufactures patented electrolysers based on Anion Exchange Membrane (AEM) technology. the Group had only one reportable segment which is the design and production of hydrogen generators based on patented anion exchange membrane electrolysis (AEM electrolysis) and pursues.
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