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Eldav Investments (XTAE:ELDAV-M) Quick Ratio : 111.47 (As of Dec. 2024)


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What is Eldav Investments Quick Ratio?

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. Eldav Investments's quick ratio for the quarter that ended in Dec. 2024 was 111.47.

Eldav Investments has a quick ratio of 111.47. It generally indicates good short-term financial strength.

The historical rank and industry rank for Eldav Investments's Quick Ratio or its related term are showing as below:

XTAE:ELDAV-M' s Quick Ratio Range Over the Past 10 Years
Min: 1.2   Med: 11.68   Max: 112.43
Current: 111.47

During the past 9 years, Eldav Investments's highest Quick Ratio was 112.43. The lowest was 1.20. And the median was 11.68.

XTAE:ELDAV-M's Quick Ratio is ranked better than
94.49% of 690 companies
in the Asset Management industry
Industry Median: 2.895 vs XTAE:ELDAV-M: 111.47

Eldav Investments Quick Ratio Historical Data

The historical data trend for Eldav Investments'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.

Eldav Investments Quick Ratio Chart

Eldav Investments Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only 1.56 21.79 26.66 112.43 111.47

Eldav Investments Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.66 93.64 112.43 87.61 111.47

Competitive Comparison of Eldav Investments's Quick Ratio

For the Asset Management subindustry, Eldav Investments'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.


Eldav Investments's Quick Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Eldav Investments's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Eldav Investments's Quick Ratio falls into.


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Eldav Investments 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.

Eldav Investments's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(138.78-0)/1.245
=111.47

Eldav Investments's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(138.78-0)/1.245
=111.47

* 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.


Eldav Investments  (XTAE:ELDAV-M) 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.


Eldav Investments Quick Ratio Related Terms

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Eldav Investments Business Description

Traded in Other Exchanges
N/A
Address
Ahad Ha'am 48, Tel Aviv, ISR, 65202
Eldav Investments Ltd is an investment company. It invests in industrial, service, & commercial companies. Through its investments in various companies, it provides historical financial information to institutions & investors, relating to legal, taxation, & land registration. It provides information security and cyber security consulting services.

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