Soosan Industries Co has a quick ratio of 5.88. It generally indicates good short-term financial strength.
The historical rank and industry rank for Soosan Industries Co's Quick Ratio or its related term are showing as below:
XKRX:126720'
s Quick Ratio Range Over the Past 10 Years
Min: 1.48 Med: 2.39 Max: 5.88
Current: 5.88
During the past 13 years, Soosan Industries Co's highest Quick Ratio was 5.88. The lowest was 1.48. And the median was 2.39.
XKRX:126720's Quick Ratio is ranked better than 93.88% of 3025
companies
in the Industrial Products industry
Industry Median: 1.41
vs XKRX:126720: 5.88
Soosan Industries Co Quick Ratio Historical Data
The historical data trend for Soosan Industries Co'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 Soosan Industries Co's Quick Ratio
For the Specialty Industrial Machinery subindustry, Soosan Industries Co'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.
Soosan Industries Co's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Soosan Industries Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Soosan Industries Co'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.
Soosan Industries Co'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.
Soosan Industries Co (XKRX:126720) 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.
Soosan Industries Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Soosan Industries Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Soosan Industries Co Ltd is a plant facilities and maintenance company that provides maintenance services for nuclear, thermal, new generation, electric work, plant construction, and related power generation facilities. The company provides services in various forms such as routine maintenance work, planned preventive maintenance work, and other construction work. Along with its subsidiaries, the company is also engaged in manufacturing and supplying MMIS, providing measurement and control services, and operating a solar power generation business. Its reportable segments are; Thermal and nuclear power plant maintenance business division, which generates a majority of the company's revenue, and the Solar power generation business division.
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