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. Taliworks Bhd's quick ratio for the quarter that ended in Mar. 2024 was 1.20.
Taliworks Bhd has a quick ratio of 1.20. It generally indicates good short-term financial strength.
The historical rank and industry rank for Taliworks Bhd's Quick Ratio or its related term are showing as below:
XKLS:8524'
s Quick Ratio Range Over the Past 10 Years
Min: 1 Med: 2.02 Max: 7.51
Current: 1.2
During the past 13 years, Taliworks Bhd's highest Quick Ratio was 7.51. The lowest was 1.00. And the median was 2.02.
XKLS:8524's Quick Ratio is ranked worse than 51.22% of 246
companies
in the Waste Management industry
Industry Median: 1.255
vs XKLS:8524: 1.20
Taliworks Bhd Quick Ratio Historical Data
The historical data trend for Taliworks 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 Taliworks Bhd's Quick Ratio
For the Waste Management subindustry, Taliworks 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.
Taliworks Bhd's Quick Ratio Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Taliworks Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Taliworks Bhd's Quick Ratio falls into.
Taliworks 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.
Taliworks Bhd's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Taliworks Bhd (XKLS:8524) 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.
Taliworks Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Taliworks Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Taliworks Corp Bhd is an investment holding company. The company's operating segment includes Water; Waste management; Construction; Toll highway; Renewables, and others. It generates maximum revenue from the Waste management segment. The Waste Management segment includes solid waste collection and public cleansing management and other related activities. Its Water segment includes management, operations, and maintenance of water treatment plants and water distribution systems. The Construction segment is engaged in the provision of contracting, project, and management services relating to construction contracts. The toll highway segment includes operations and maintenance of toll highways. The renewables segment includes business development of solar and other renewable energy projects.
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