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. Anglo-Eastern Plantations's quick ratio for the quarter that ended in Jun. 2023 was 7.73.
Anglo-Eastern Plantations has a quick ratio of 7.73. It generally indicates good short-term financial strength.
The historical rank and industry rank for Anglo-Eastern Plantations's Quick Ratio or its related term are showing as below:
AEPLF'
s Quick Ratio Range Over the Past 10 Years
Min: 3.93 Med: 5.14 Max: 7.73
Current: 7.73
During the past 13 years, Anglo-Eastern Plantations's highest Quick Ratio was 7.73. The lowest was 3.93. And the median was 5.14.
AEPLF's Quick Ratio is ranked better than 96.38% of 1908
companies
in the Consumer Packaged Goods industry
Industry Median: 1.03
vs AEPLF: 7.73
Anglo-Eastern Plantations Quick Ratio Historical Data
The historical data trend for Anglo-Eastern Plantations'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 Anglo-Eastern Plantations's Quick Ratio
For the Farm Products subindustry, Anglo-Eastern Plantations'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.
Anglo-Eastern Plantations's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Anglo-Eastern Plantations's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Anglo-Eastern Plantations's Quick Ratio falls into.
Anglo-Eastern Plantations 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.
Anglo-Eastern Plantations'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.
Anglo-Eastern Plantations (OTCPK:AEPLF) 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.
Anglo-Eastern Plantations Quick Ratio Related Terms
Thank you for viewing the detailed overview of Anglo-Eastern Plantations's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Anglo-Eastern Plantations (Anglo-Eastern Plantations) Business Description
Anglo-Eastern Plantations PLC is engaged in the production and processing of palm oil and rubber. The company's segments include CPO (Crude Palm Oil), palm kernel and FFB (Fresh Fruit Bunches), Rubber, Shell nut, Biomass products, Biogas products, and others. The majority of the revenue is generated from the CPO, palm kernel, and FFB segment. The company's geographical segments include Indonesia and Malaysia, out of which Indonesia is further classified in North Sumatera, Bengkulu, South Sumatera, Riau, Bangka, Kalimantan. The majority of the revenue is generated from Indonesia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AEPLF has been successfully added to your 