Canfor Pulp Products has a quick ratio of 0.27. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Canfor Pulp Products's Quick Ratio or its related term are showing as below:
TSX:CFX'
s Quick Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.84 Max: 1.24
Current: 0.27
During the past 13 years, Canfor Pulp Products's highest Quick Ratio was 1.24. The lowest was 0.27. And the median was 0.84.
TSX:CFX's Quick Ratio is ranked worse than 91.35% of 289
companies
in the Forest Products industry
Industry Median: 0.95
vs TSX:CFX: 0.27
Canfor Pulp Products Quick Ratio Historical Data
The historical data trend for Canfor Pulp Products'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 Canfor Pulp Products's Quick Ratio
For the Paper & Paper Products subindustry, Canfor Pulp Products'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.
Canfor Pulp Products's Quick Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Canfor Pulp Products's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Canfor Pulp Products'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.
Canfor Pulp Products'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.
Canfor Pulp Products (TSX:CFX) 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.
Canfor Pulp Products Quick Ratio Related Terms
Thank you for viewing the detailed overview of Canfor Pulp Products's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates majority of the revenue, which is engaged in purchase of residual fibre, and production and sale of pulp products, including NBSK pulp and BCTMP as well as energy revenues. Geographically, the company generates majority of its revenue from Asia and rest from United States, Canada, Europe and other regions.
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