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Eureka Capital (TSXV:EBCD.P) Quick Ratio : 19.93 (As of Mar. 2024)


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What is Eureka Capital Quick Ratio?

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. Eureka Capital's quick ratio for the quarter that ended in Mar. 2024 was 19.93.

Eureka Capital has a quick ratio of 19.93. It generally indicates good short-term financial strength.

The historical rank and industry rank for Eureka Capital's Quick Ratio or its related term are showing as below:

TSXV:EBCD.P' s Quick Ratio Range Over the Past 10 Years
Min: 15.41   Med: 147.55   Max: 550
Current: 19.93

During the past 2 years, Eureka Capital's highest Quick Ratio was 550.00. The lowest was 15.41. And the median was 147.55.

TSXV:EBCD.P's Quick Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.19 vs TSXV:EBCD.P: 19.93

Eureka Capital Quick Ratio Historical Data

The historical data trend for Eureka Capital'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.

* Premium members only.

Eureka Capital Quick Ratio Chart

Eureka Capital Annual Data
Trend Dec22 Dec23
Quick Ratio
21.60 273.50

Eureka Capital Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Quick Ratio Get a 7-Day Free Trial 15.41 550.00 549.00 273.50 19.93

Competitive Comparison of Eureka Capital's Quick Ratio

For the Shell Companies subindustry, Eureka Capital'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.


Eureka Capital's Quick Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Eureka Capital's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Eureka Capital's Quick Ratio falls into.



Eureka Capital 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.

Eureka Capital's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.547-0)/0.002
=273.50

Eureka Capital's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.538-0)/0.027
=19.93

* 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.


Eureka Capital  (TSXV:EBCD.P) 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.


Eureka Capital Quick Ratio Related Terms

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Eureka Capital (TSXV:EBCD.P) Business Description

Traded in Other Exchanges
N/A
Address
12 Royal Vista Way, Suite 1214, Calgary, AB, CAN, T3R 0N2
Website
Eureka Capital Corp is a a capital pool company.

Eureka Capital (TSXV:EBCD.P) Headlines

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