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. AGX Group Bhd's quick ratio for the quarter that ended in Dec. 2022 was 1.92.
AGX Group Bhd has a quick ratio of 1.92. It generally indicates good short-term financial strength.
The historical rank and industry rank for AGX Group Bhd's Quick Ratio or its related term are showing as below:
XKLS:0299'
s Quick Ratio Range Over the Past 10 Years
Min: 1 Med: 1.71 Max: 1.92
Current: 1.92
During the past 3 years, AGX Group Bhd's highest Quick Ratio was 1.92. The lowest was 1.00. And the median was 1.71.
XKLS:0299's Quick Ratio is ranked better than 72.46% of 973
companies
in the Transportation industry
Industry Median: 1.26
vs XKLS:0299: 1.92
AGX Group Bhd Quick Ratio Historical Data
The historical data trend for AGX Group 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.
* Premium members only.
AGX Group Bhd Quick Ratio Chart
AGX Group Bhd Annual Data
Trend
Dec20
Dec21
Dec22
Quick Ratio
1.00
1.71
1.92
AGX Group Bhd Semi-Annual Data
Dec20
Dec21
Dec22
Quick Ratio
1.00
1.71
1.92
Competitive Comparison of AGX Group Bhd's Quick Ratio
For the Integrated Freight & Logistics subindustry, AGX Group 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.
AGX Group Bhd's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, AGX Group Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where AGX Group Bhd's Quick Ratio falls into.
AGX Group Bhd 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.
AGX Group Bhd's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
AGX Group Bhd (XKLS:0299) 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.
AGX Group Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of AGX Group Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AGX Group Bhd is a logistics service provider. It is a 3PL service provider that comprises sea and air freight forwarding, aerospace logistics, warehousing and other 3PL, and road freight transportation services. It also provides services to assist senders or receivers in transporting their goods from the point of origin to their final destinations and has services in all the countries and has a physical presence, namely Malaysia, the Philippines, Korea, Myanmar, and Singapore. Its sea and air freight forwarding services are mostly concerned with organizing the transportation of cargo for our customers, starting from the point of origin and ending when the freight is delivered to its final destination. Sea and air freight forwarding services generate maximum revenue for the company.
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