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. Tigers Polymer's quick ratio for the quarter that ended in Sep. 2024 was 2.75.
Tigers Polymer has a quick ratio of 2.75. It generally indicates good short-term financial strength.
The historical rank and industry rank for Tigers Polymer's Quick Ratio or its related term are showing as below:
TSE:4231'
s Quick Ratio Range Over the Past 10 Years
Min: 2.15 Med: 2.42 Max: 2.87
Current: 2.75
During the past 13 years, Tigers Polymer's highest Quick Ratio was 2.87. The lowest was 2.15. And the median was 2.42.
TSE:4231's Quick Ratio is ranked better than 77.96% of 1561
companies
in the Chemicals industry
Industry Median: 1.36
vs TSE:4231: 2.75
Tigers Polymer Quick Ratio Historical Data
The historical data trend for Tigers Polymer'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 Tigers Polymer's Quick Ratio
For the Specialty Chemicals subindustry, Tigers Polymer'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.
Tigers Polymer's Quick Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tigers Polymer's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Tigers Polymer'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.
Tigers Polymer'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.
Tigers Polymer (TSE:4231) 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.
Tigers Polymer Quick Ratio Related Terms
Thank you for viewing the detailed overview of Tigers Polymer's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tigers Polymer Corp engages in the manufacture and sale of rubber hose, sheets, and molded parts for home appliances, automotive, air conditioning, civil engineering, and construction industries. The Hose division is engaged in the manufacture and sale of household hoses, which are used for vacuum cleaners, washing machines, and air conditioners, as well as industrial hoses, which are used for general industrial, civil engineering, and housing purposes. The Sheet division is engaged in the manufacture and sale of rubber sheets, which are used in packing and shock-absorbing materials, as well as the manufacture and sale of doormats. The Molded Product division is involved in the manufacture and sale of automobile parts, such as rubber-molded items and resin molded products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:4231 has been successfully added to your 