Filinvest Development (PHS:FDC) Quick Ratio : 0.88 (As of Dec. 2023)

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What is Filinvest Development 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. Filinvest Development's quick ratio for the quarter that ended in Dec. 2023 was 0.88.

Filinvest Development has a quick ratio of 0.88. It indicates that the company cannot currently fully pay back its current liabilities.

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

PHS:FDC' s Quick Ratio Range Over the Past 10 Years
Min: 0.87 Med: 5.57 Max: 7.84
Current: 0.88

During the past 13 years, Filinvest Development's highest Quick Ratio was 7.84. The lowest was 0.87. And the median was 5.57.

PHS:FDC's Quick Ratio is ranked worse than
68.23% of 532 companies
in the Conglomerates industry
Industry Median: 1.17 vs PHS:FDC: 0.88

Filinvest Development Quick Ratio Historical Data

The historical data trend for Filinvest Development'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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Filinvest Development Quick Ratio Chart

Filinvest Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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5.66

7.10

1.12

0.87

0.88

Filinvest Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															0.87	5.45	3.79	3.63	0.88

Competitive Comparison of Filinvest Development's Quick Ratio

For the Conglomerates subindustry, Filinvest Development'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.

Filinvest Development's Quick Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Filinvest Development's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Filinvest Development's Quick Ratio falls into.

Filinvest Development 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.

Filinvest Development's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(456207.598	-	82670.185)	/	425110.897
	=	0.88

Filinvest Development's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(456207.598	-	82670.185)	/	425110.897
	=	0.88

Filinvest Development (PHS:FDC) 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.

Filinvest Development Quick Ratio Related Terms

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Filinvest Development (PHS:FDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Filinvest Development Corp (PHS:FDC) » Definitions » Quick Ratio

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Traded in Other Exchanges

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Address

5th Avenue corner 23rd Street, 6th Floor, The Beaufort, Bonifacio Global City, Metro Manila, Taguig City, PHL, 1634

Website

https://www.filinvestgroup.com

Filinvest Development Corp is a Philippines-based company which focuses on diverse business such as real estate development and leasing, hospitality operations, banking and financial services, power and utility operations, sugar cane farming, milling and sugar trading. Majority of its revenue generating operating segments are Real estate and hospitality which is involved in acquisition of land, planning and development of large-scale fully integrated residential and commercial communities; development and sale of residential and commercial lots; Sugar Operations which involves purchase of raw sugar, refined sugar and molasses from Davao Sugar Central Company, Inc. and Cotabato Sugar Central Company, Inc., subsidiaries of PSHC, and sale to third parties.