* 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.
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Evergreen International Storage & Transport Quick Ratio Chart
Evergreen International Storage & Transport Annual Data
Competitive Comparison of Evergreen International Storage & Transport's Quick Ratio
For the Integrated Freight & Logistics subindustry, Evergreen International Storage & Transport'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.
Evergreen International Storage & Transport's Quick Ratio Distribution in the Transportation Industry
Evergreen International Storage & Transport 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.
* 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.
Evergreen International Storage & Transport (TPE:2607) 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.
Evergreen International Storage & Transport Quick Ratio Related Terms
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Evergreen International Storage & Transport Business Description
Evergreen International Storage & Transport Corp is a transportation and logistics company domiciled in Taiwan. The company has six segments: inland transportation, international marine transportation, container terminals, Freight forwarder, gasoline stations, and others. Inland transportation segment derives key revenue, transports cargo inland and provides passenger transportation services. International marine transportation, transports cargo internationally and provides ship chartering. The container terminals segment leases and operate container ports. The gasoline station segment operates refueling stations. Freight forwarder involves the business of marine and air freight forwarding and other related business. The company generates the majority of its revenue in Taiwan.
Evergreen International Storage & Transport Headlines
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