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SMB Cote d'IvoireXBRV:SMBC 53 Quick Ratio is 0.96 as of Dec. 2024, which is 5% above its 10-year median of 0.91. GuruFocus rates XBRV:SMBC with a GF Score™ of 53/100. The stock has 11 warning signs investors should review. Among 1,606 Chemicals companies, SMB Cote d'Ivoire ranks worse than 67.56% on this metric.
SMB Cote d'Ivoire (XBRV:SMBC) 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.
SMB Cote d'Ivoire Quick Ratio Related Terms
SMB Cote d'Ivoire Quick Ratio Historical Data
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The historical data trend for SMB Cote d'Ivoire'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.
XBRV:SMBC vs LIN, SHW, ECL: Quick Ratio Comparison
For the Specialty Chemicals subindustry, SMB Cote d'Ivoire'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.
SMB Cote d'Ivoire Quick Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, SMB Cote d'Ivoire's Quick Ratio distribution charts can be found below:
* The bar in red indicates where SMB Cote d'Ivoire'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.
SMB Cote d'Ivoire'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.
SMB Cote d'Ivoire (XBRV:SMBC) has a Quick Ratio of 0.96 as of Dec. 2024. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on SMB Cote d'Ivoire and its competitors. This is near median its historical median of 0.91. Over the past decade, SMB Cote d'Ivoire's Quick Ratio has ranged from 0.71 to 1.14. According to the industry distribution chart, SMB Cote d'Ivoire ranks #1085 out of 1606 companies in the Chemicals industry, placing it in the top 67.6%.
Is SMB Cote d'Ivoire's Quick Ratio too high?
SMB Cote d'Ivoire's current Quick Ratio of 0.96 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.14. The Chemicals industry median Quick Ratio is 1.37. SMB Cote d'Ivoire's value of 0.96 is 29.9% below this industry median. Based on the distribution chart, SMB Cote d'Ivoire ranks #1085 out of 1606 companies in the Chemicals industry, which is below the industry midpoint. Overall, SMB Cote d'Ivoire has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does SMB Cote d'Ivoire's Quick Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, SMB Cote d'Ivoire ranks #1085 out of 1606 companies for Quick Ratio. This places SMB Cote d'Ivoire in the lower half of its industry. The industry median Quick Ratio is 1.37. SMB Cote d'Ivoire's value of 0.96 is 29.9% below this benchmark. Historically, SMB Cote d'Ivoire's own Quick Ratio has ranged from 0.71 to 1.14 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 1.37, SMB Cote d'Ivoire has consistently been below the industry average. 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 a Chemicals company?
The median Quick Ratio among Chemicals companies is 1.37, based on 1,606 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. SMB Cote d'Ivoire's current Quick Ratio of 0.96 is 29.9% 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 SMB Cote d'Ivoire and its competitors. For the Chemicals industry, the median Quick Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMB Cote d'Ivoire's current Quick Ratio is 0.96, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMB Cote d'Ivoire stock overvalued right now?
SMB Cote d'Ivoire (XBRV:SMBC) has a current Quick Ratio of 0.96. The current Quick Ratio is 0.96, which is near median its 10-year median of 0.91 and 29.9% below the Chemicals industry median of 1.37. SMB Cote d'Ivoire's overall GF Score™ is 53/100 with 11 warning signs to review. 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 SMB Cote d'Ivoire (XBRV:SMBC), the current Quick Ratio is 0.96 as of Dec. 2024. 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.
SMB Cote d'Ivoire, formerly Societe Multinationale de Bitumes SA is engaged in the refinement of crude oil. Its products are obtained by direct distillation of a South American heavy crude. It offers its products for the production of road bitumen. The various grades of bitumen offered by the company include 35/50, 40/50, 50/70, AC-10 and AC-20 among others.
53GF Score
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