Svitzer Group AS has a quick ratio of 1.24. It generally indicates good short-term financial strength.
The historical rank and industry rank for Svitzer Group AS's Quick Ratio or its related term are showing as below:
SVZRF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.56 Med: 2.05 Max: 3.92
Current: 1.24
During the past 4 years, Svitzer Group AS's highest Quick Ratio was 3.92. The lowest was 0.56. And the median was 2.05.
SVZRF's Quick Ratio is ranked worse than 54.18% of 982
companies
in the Transportation industry
Industry Median: 1.31
vs SVZRF: 1.24
Svitzer Group AS Quick Ratio Historical Data
The historical data trend for Svitzer Group AS'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 Svitzer Group AS's Quick Ratio
For the Marine Shipping subindustry, Svitzer Group AS'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.
Svitzer Group AS's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Svitzer Group AS's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Svitzer Group AS'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.
Svitzer Group AS'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.
Svitzer Group AS (OTCPK:SVZRF) 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.
Svitzer Group AS Quick Ratio Related Terms
Thank you for viewing the detailed overview of Svitzer Group AS's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.
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