Elektrokrajina AD (XBLB:EKBL-R-A) Quick Ratio: 0.09 (As of Dec. 2023)

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What is Elektrokrajina AD Quick Ratio?

Elektrokrajina AD XBLB:EKBL-R-A Quick Ratio is 0.09 as of Dec. 2023.

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. Elektrokrajina AD's quick ratio for the quarter that ended in Dec. 2023 was 0.09.

Elektrokrajina AD has a quick ratio of 0.09. It indicates that the company cannot currently fully pay back its current liabilities.

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

XBLB:EKBL-R-A's Quick Ratio is not ranked *
in the Utilities - Regulated industry.
Industry Median: 1.02
* Ranked among companies with meaningful Quick Ratio only.

Elektrokrajina AD  (XBLB:EKBL-R-A) 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.

Elektrokrajina AD Quick Ratio Related Terms

Elektrokrajina AD Quick Ratio Historical Data

* Premium members only.

The historical data trend for Elektrokrajina AD'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.

Elektrokrajina AD Quick Ratio Chart

Elektrokrajina AD Annual Data
Trend Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 0.52 0.57 0.15 0.15 0.09

Elektrokrajina AD Semi-Annual Data
Dec17 Dec18 Dec19 Dec21 Dec22 Dec23
Quick Ratio Get a 7-Day Free Trial 0.52 0.57 0.15 0.15 0.09

XBLB:EKBL-R-A vs NEE, SO, DUK: Quick Ratio Comparison

For the Utilities - Regulated Electric subindustry, Elektrokrajina AD'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.

Elektrokrajina AD Quick Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Elektrokrajina AD's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Elektrokrajina AD's Quick Ratio falls into.


Elektrokrajina AD 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.

Elektrokrajina AD'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
=(29.639-14.401)/173.931
=0.09

Elektrokrajina AD's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(29.639-14.401)/173.931
=0.09

* 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.

Frequently Asked Questions Learn more about Quick Ratio →
What does a Quick Ratio of 0.09 mean?
Elektrokrajina AD (XBLB:EKBL-R-A) has a Quick Ratio of 0.09 as of Dec. 2023. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Elektrokrajina AD and its competitors.
Is Elektrokrajina AD's Quick Ratio too high?
Elektrokrajina AD's current Quick Ratio is 0.09. The Utilities - Regulated industry median Quick Ratio is 1.02. Elektrokrajina AD's value of 0.09 is 91.2% below this industry median.
How does Elektrokrajina AD's Quick Ratio compare to NEE and SO?
Elektrokrajina AD's Quick Ratio of 0.09 can be compared against companies in the Utilities - Regulated industry. The industry median Quick Ratio is 1.02. Elektrokrajina AD's value of 0.09 is 91.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Utilities - Regulated company?
The median Quick Ratio among Utilities - Regulated companies is 1.02, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elektrokrajina AD's current Quick Ratio of 0.09 is 91.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Elektrokrajina AD and its competitors. For the Utilities - Regulated industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elektrokrajina AD's current Quick Ratio is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektrokrajina AD stock overvalued right now?
Elektrokrajina AD (XBLB:EKBL-R-A) has a current Quick Ratio of 0.09. The current Quick Ratio is 0.09 and 91.2% below the Utilities - Regulated industry median of 1.02. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Elektrokrajina AD (XBLB:EKBL-R-A), the current Quick Ratio is 0.09 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elektrokrajina AD Business Description

Address 95 Kralja Petra I Karayoryeviya Street, Banja Luka, BIH, 78000
Elektrokrajina AD is an electricity distribution company operating in Bosnia and Herzegovina. The activities of the company include distribution and supply of electricity and designing power facilities as well as building and maintaining them.