Nippon Express Co has a quick ratio of 1.65. It generally indicates good short-term financial strength.
The historical rank and industry rank for Nippon Express Co's Quick Ratio or its related term are showing as below:
NPEXF's Quick Ratio is not ranked *
in the Transportation industry.
Industry Median: 1.26 * Ranked among companies with meaningful Quick Ratio only.
Nippon Express Co Quick Ratio Historical Data
The historical data trend for Nippon Express Co'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 Nippon Express Co's Quick Ratio
For the Integrated Freight & Logistics subindustry, Nippon Express Co'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.
Nippon Express Co's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Nippon Express Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nippon Express Co's Quick Ratio falls into.
Nippon Express Co 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.
Nippon Express Co's Quick Ratio for the fiscal year that ended in Mar. 2021 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.
Nippon Express Co (OTCPK:NPEXF) 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.
Nippon Express Co Quick Ratio Related Terms
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Nippon Express Co (Nippon Express Co) Business Description
Nippon Express is a Japanese transportation and logistics company. The company operates through segments classified by geography and function: Japan, the Americas, Europe, East Asia, South Asia and Oceania, security transportation, heavy haulage and construction, and logistics support. Each of the segments named for a region focuses on logistics, the primary engine for Nippon's revenue. These regional segments conduct air freight forwarding, marine and harbor transportation, and warehousing services. Japan is the largest, earning more revenue than the other regional segments combined. Logistics support is the second-highest earning segment, engaging in activities such as the sale of distribution equipment, packing materials, vehicles, and petroleum.
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