Infrastructure and Energy Alternatives (Infrastructure and Energy Alternatives) Quick Ratio : 1.30 (As of Jun. 2022)

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What is Infrastructure and Energy Alternatives 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. Infrastructure and Energy Alternatives's quick ratio for the quarter that ended in Jun. 2022 was 1.30.

Infrastructure and Energy Alternatives has a quick ratio of 1.30. It generally indicates good short-term financial strength.

The historical rank and industry rank for Infrastructure and Energy Alternatives's Quick Ratio or its related term are showing as below:

IEA' s Quick Ratio Range Over the Past 10 Years
Min: 0.8 Med: 1.19 Max: 98.5
Current: 1.3

During the past 7 years, Infrastructure and Energy Alternatives's highest Quick Ratio was 98.50. The lowest was 0.80. And the median was 1.19.

IEA's Quick Ratio is not ranked
in the Construction industry.
Industry Median: 1.28 vs IEA: 1.30

Infrastructure and Energy Alternatives Quick Ratio Historical Data

The historical data trend for Infrastructure and Energy Alternatives'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.

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Infrastructure and Energy Alternatives Quick Ratio Chart

Infrastructure and Energy Alternatives Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Quick Ratio

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1.67

0.98

1.13

1.26

1.35

Infrastructure and Energy Alternatives Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Quick Ratio	Get a 7-Day Free Trial															1.17	1.26	1.35	1.29	1.30

Competitive Comparison of Infrastructure and Energy Alternatives's Quick Ratio

For the Engineering & Construction subindustry, Infrastructure and Energy Alternatives'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.

Infrastructure and Energy Alternatives's Quick Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Infrastructure and Energy Alternatives's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Infrastructure and Energy Alternatives's Quick Ratio falls into.

Infrastructure and Energy Alternatives 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.

Infrastructure and Energy Alternatives's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(661.799	-	0)	/	490.976
	=	1.35

Infrastructure and Energy Alternatives's Quick Ratio for the quarter that ended in Jun. 2022 is calculated as

Quick Ratio (Q: Jun. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(806.548	-	0)	/	622.635
	=	1.30

Infrastructure and Energy Alternatives (NAS:IEA) 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.

Infrastructure and Energy Alternatives Quick Ratio Related Terms

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Infrastructure and Energy Alternatives (Infrastructure and Energy Alternatives) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Infrastructure and Energy Alternatives Inc (NAS:IEA) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

6325 Digital Way, Suite 460, Indianapolis, IN, USA, 46278

Website

https://www.iea.net

Infrastructure and Energy Alternatives Inc is a United States-based diversified infrastructure construction company with specialized energy and heavy civil expertise throughout the United States. The company operates in two segments, the Renewables segment and the Specialty Civil segment. The Renewables segment, which is the majority revenue generator, provides complete engineering, procurement and construction services for the renewable energy, traditional power and civil infrastructure industries. The Specialty Civil segment operates throughout the U.S. and specializes in a range of services that create a diverse national platform of construction capabilities.

Executives

Peter J Moerbeek	officer: Chief Financial Officer	225 N BARRANCA AVE STE 200, WEST COVINA CA 91791-1605
Garner Charles Hugh Farkas	director	3 COLUMBUS CIRCLE, NEW YORK NY 10019
Christopher Hanson	officer: Executive Vice President Ops	C/O INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. 6325 DIGITAL WAY 460 INDIANAPOLIS IN 46278
Brian Hummer	officer: Senior Vice President	C/O INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. 6325 DIGITAL WAY 460 INDIANAPOLIS IN 46278
John Paul Roehm	director, officer: President & CEO	8440 WOODFIELD CROSSING BLVD., SUITE 500, INDIANAPOLIS IN 46240
Erin Jennifer Roth	officer: EVP, General Counsel	3000 EAST MAIN STREET, LAFAYETTE IN 47905
John Eber	director	C/O INFRASTRUCTURE AND ENERGY ALT., INC. 6325 DIGITAL WAY, SUITE 460 INDIANAPOLIS IN 46278
Scott L Graves	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Special Situations Fund Iv, L.p.	10 percent owner	C/O ASSF MANAGEMETN IV, L.P. 2000 AVENUE OF THE STARS, 12TH FLOOR LOS ANGELES CA 90067
Park West Asset Management Llc	10 percent owner	1 LETTERMAN DRIVE, SUITE C5-900, SAN FRANCISCO CA 94129
Ares Management Corp	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Bunting Theodore H Jr	director	P. O. BOX 61000, NEW ORLEANS LA 70161
Oaktree Capital Group, Llc	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Fie, Llc	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Management Gp, Llc	director, 10 percent owner	333 SOUTH GRAND AVE, 28TH FLOOR, LOS ANGELES CA 90071