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. Osaka Gas Co's quick ratio for the quarter that ended in Sep. 2024 was 1.29.
Osaka Gas Co has a quick ratio of 1.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Osaka Gas Co's Quick Ratio or its related term are showing as below:
STU:OSA'
s Quick Ratio Range Over the Past 10 Years
Min: 0.99 Med: 1.44 Max: 1.86
Current: 1.29
During the past 13 years, Osaka Gas Co's highest Quick Ratio was 1.86. The lowest was 0.99. And the median was 1.44.
STU:OSA's Quick Ratio is ranked better than 67.51% of 511
companies
in the Utilities - Regulated industry
Industry Median: 0.99
vs STU:OSA: 1.29
Osaka Gas Co Quick Ratio Historical Data
The historical data trend for Osaka Gas Co'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 Osaka Gas Co's Quick Ratio
For the Utilities - Regulated Gas subindustry, Osaka Gas Co'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.
Osaka Gas Co's Quick Ratio Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Osaka Gas Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Osaka Gas Co's Quick Ratio falls into.
Osaka Gas Co 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.
Osaka Gas Co's Quick Ratio for the fiscal year that ended in Mar. 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.
Osaka Gas Co (STU:OSA) 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.
Osaka Gas Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Osaka Gas Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Osaka Gas Co Ltd is a Japanese utility company involved in the production and supply of natural gas and electricity. Osaka Gas segments its operations into: Gas; LPG, Electricity, and Other Energy; International Energy; and Life and Business Solutions units. The company's total revenue generation is mainly split between its Gas and LPG, Electricity, and Other Energy divisions. The Gas business produces, supplies, and markets city gas to mostly industrial and residential customers in the Kansai region of Japan. Osaka Gas' LPG, Electricity, and Other Energy business generates and sells electricity and liquefied petroleum gas to consumers both inside and outside Japan. To do this, the company operates an international portfolio of natural gas-fired thermal, solar, and wind power plants.
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