Dialog Group Bhd has a quick ratio of 2.06. It generally indicates good short-term financial strength.
The historical rank and industry rank for Dialog Group Bhd's Quick Ratio or its related term are showing as below:
XKLS:7277'
s Quick Ratio Range Over the Past 10 Years
Min: 1.2 Med: 1.8 Max: 2.45
Current: 2.06
During the past 13 years, Dialog Group Bhd's highest Quick Ratio was 2.45. The lowest was 1.20. And the median was 1.80.
XKLS:7277's Quick Ratio is ranked better than 75.29% of 1048
companies
in the Oil & Gas industry
Industry Median: 1.11
vs XKLS:7277: 2.06
Dialog Group Bhd Quick Ratio Historical Data
The historical data trend for Dialog 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.
Competitive Comparison of Dialog Group Bhd's Quick Ratio
For the Oil & Gas Equipment & Services subindustry, Dialog 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.
Dialog Group Bhd's Quick Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dialog Group Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Dialog Group Bhd's Quick Ratio falls into.
Dialog 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.
Dialog Group Bhd's Quick Ratio for the fiscal year that ended in Jun. 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.
Dialog Group Bhd (XKLS:7277) 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.
Dialog Group Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Dialog Group Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dialog Group Bhd provides technical services to the upstream, midstream, and downstream sectors in the oil, gas, and petrochemical industries. Its comprehensive range of services includes logistics, engineering and construction, fabrication, and maintenance. Products range from pumps, pipe support, and diagnostic services for upstream operations to multi-purpose dispensers and petrol retail and convenience stores. The group works on multiple phases of the oil and gas value chain and has several technology partners to enhance solutions. The company's customers are primarily multinational oil majors, national oil companies, and multinational engineering and service providers. It has offices in multiple regions of the world and generates the majority of its revenue in Malaysia.
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