* 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 Instituto Hermes Pardini's Quick Ratio
For the Diagnostics & Research subindustry, Instituto Hermes Pardini'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.
Instituto Hermes Pardini's Quick Ratio Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Instituto Hermes Pardini's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Instituto Hermes Pardini's Quick Ratio falls into.
Instituto Hermes Pardini 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.
Instituto Hermes Pardini'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.
Instituto Hermes Pardini (BSP:PARD3) 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.
Instituto Hermes Pardini Quick Ratio Related Terms
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Instituto Hermes Pardini (BSP:PARD3) Business Description
Instituto Hermes Pardini SA is engaged in the provision of medical and dental services, laboratory research, clinical analysis, and supplementary diagnostic and therapeutic services, which include precision medicine and medical imaging. The company's main revenue collection channels are Patient Service Centers which provide direct services to customers, Reference Laboratory services, which relates to support services provided to affiliated laboratories and hospitals nationwide, through an extensive logistics network and integrated IT systems.
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