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. Econframe Bhd's quick ratio for the quarter that ended in Nov. 2024 was 2.44.
Econframe Bhd has a quick ratio of 2.44. It generally indicates good short-term financial strength.
The historical rank and industry rank for Econframe Bhd's Quick Ratio or its related term are showing as below:
XKLS:0227'
s Quick Ratio Range Over the Past 10 Years
Min: 2.04 Med: 6.61 Max: 30.58
Current: 2.44
During the past 8 years, Econframe Bhd's highest Quick Ratio was 30.58. The lowest was 2.04. And the median was 6.61.
XKLS:0227's Quick Ratio is ranked better than 83.9% of 1739
companies
in the Construction industry
Industry Median: 1.28
vs XKLS:0227: 2.44
Econframe Bhd Quick Ratio Historical Data
The historical data trend for Econframe Bhd'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 Econframe Bhd's Quick Ratio
For the Building Products & Equipment subindustry, Econframe Bhd'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.
Econframe Bhd's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Econframe Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Econframe Bhd'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.
Econframe Bhd's Quick Ratio for the fiscal year that ended in Aug. 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.
Econframe Bhd (XKLS:0227) 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.
Econframe Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Econframe Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Econframe Bhd is involved in the provision of total door system solutions, Electronics and electrical systems and accessories and Solar energy products and system. Business is organized into two operating segments; Manufacturing Segment which consists of manufacturing of doors, door and window frames doors; Trading Segment which consists of Trading of doors and ironmongery, trading and provision of installation services for solar energy products and systems; and Investment holding which consists of Investment holding and providing full corporate and financial support to the Group. Substantial revenue comes from the Manufacturing segment.
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