Japan Ecosystem Co has a quick ratio of 1.27. It generally indicates good short-term financial strength.
The historical rank and industry rank for Japan Ecosystem Co's Quick Ratio or its related term are showing as below:
TSE:9249'
s Quick Ratio Range Over the Past 10 Years
Min: 0.8 Med: 1.13 Max: 1.62
Current: 1.27
During the past 6 years, Japan Ecosystem Co's highest Quick Ratio was 1.62. The lowest was 0.80. And the median was 1.13.
TSE:9249's Quick Ratio is ranked worse than 56.94% of 1052
companies
in the Media - Diversified industry
Industry Median: 1.465
vs TSE:9249: 1.27
Japan Ecosystem Co Quick Ratio Historical Data
The historical data trend for Japan Ecosystem 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 Japan Ecosystem Co's Quick Ratio
For the Entertainment subindustry, Japan Ecosystem 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.
Japan Ecosystem Co's Quick Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Japan Ecosystem Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Japan Ecosystem Co'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.
Japan Ecosystem Co's Quick Ratio for the fiscal year that ended in Sep. 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.
Japan Ecosystem Co (TSE:9249) 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.
Japan Ecosystem Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Japan Ecosystem Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Japan Ecosystem Co Ltd is engaged in the Environmental Business, Public Service Business, Transportation Infrastructure Business and other business. Under the Environmental Business the company enhances the efficiency of wastewater purification; Public service business includes designs,production,sale,installation and maintenance of totalizator system in public competition stadiums; the Transportation Infrastructure Business focuses on engineering of highway such as structure inspection,maintenance of telecommunication facilities and traffic control; and other business includes the system maintenance business, business related to the provision of ICT solutions utilizing AI technology, and real estate brokerage, sales, leasing, and other real estate related businesses.
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