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Emeco Holdings Quick Ratio

: 1.42 (As of Jun. 2021)
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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. Emeco Holdings's quick ratio for the quarter that ended in Jun. 2021 was 1.42.

Emeco Holdings has a quick ratio of 1.42. It generally indicates good short-term financial strength.

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

OTCPK:EOHDF' s Quick Ratio Range Over the Past 10 Years
Min: 1.09   Med: 1.99   Max: 4.41
Current: 1.42

1.09
4.41

During the past 13 years, Emeco Holdings's highest Quick Ratio was 4.41. The lowest was 1.09. And the median was 1.99.

OTCPK:EOHDF's Quick Ratio is ranked higher than
87% of the 318 Companies
in the Business Services industry.

( Industry Median: 1.38 vs. OTCPK:EOHDF: 1.42 )

Emeco Holdings Quick Ratio Historical Data

The historical data trend for Emeco Holdings'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.

Emeco Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.53 2.79 1.23 1.36 1.42

Emeco Holdings Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.23 1.60 1.36 1.37 1.42

Competitive Comparison

For the Rental & Leasing Services subindustry, Emeco Holdings'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.

   

Emeco Holdings Quick Ratio Distribution

For the Business Services industry and Industrials sector, Emeco Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Emeco Holdings's Quick Ratio falls into.



Emeco Holdings 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.

Emeco Holdings's Quick Ratio for the fiscal year that ended in Jun. 2021 is calculated as

Quick Ratio (A: Jun. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(174.80351681957-14.680428134557)/112.89908256881
=1.42

Emeco Holdings's Quick Ratio for the quarter that ended in Jun. 2021 is calculated as

Quick Ratio (Q: Jun. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(174.80351681957-14.680428134557)/112.89908256881
=1.42

* 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.


Emeco Holdings  (OTCPK:EOHDF) 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.


Emeco Holdings Quick Ratio Related Terms

Thank you for viewing the detailed overview of Emeco Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Emeco Holdings Business Description

Emeco Holdings logo
Industry
Traded in Other Exchanges
Address
Level 3, 71 Walters Drive, Osborne Park, Perth, WA, AUS, 6017
Emeco Holdings Ltd owns and operates a fleet of original equipment manufacturer machines to deliver equipment rental solutions. Its reportable segments are Australian Rental that provides a wide range of earthmoving equipment to customers in Australia, Australian Workshops which is engaged in providing maintenance services to customers in Australia and Pit N Portal which provides a range of mining services solutions and associated services to customers in Australia.. The company generates a majority of its revenue from the Australian Rental Segment. Geographically, it generates a majority of its revenue from Australia.

Emeco Holdings Headlines

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