Sembcorp Industries has a quick ratio of 0.74. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Sembcorp Industries's Quick Ratio or its related term are showing as below:
SCRPF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.55 Med: 1.11 Max: 1.32
Current: 0.74
During the past 13 years, Sembcorp Industries's highest Quick Ratio was 1.32. The lowest was 0.55. And the median was 1.11.
SCRPF's Quick Ratio is ranked worse than 76.82% of 535
companies
in the Conglomerates industry
Industry Median: 1.17
vs SCRPF: 0.74
Sembcorp Industries Quick Ratio Historical Data
The historical data trend for Sembcorp Industries'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 Sembcorp Industries's Quick Ratio
For the Conglomerates subindustry, Sembcorp Industries'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.
Sembcorp Industries's Quick Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Sembcorp Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Sembcorp Industries's Quick Ratio falls into.
Sembcorp Industries 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.
Sembcorp Industries's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Sembcorp Industries (OTCPK:SCRPF) 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.
Sembcorp Industries Quick Ratio Related Terms
Thank you for viewing the detailed overview of Sembcorp Industries's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sembcorp Industries (Sembcorp Industries) Business Description
Sembcorp Industries Ltd is an investment holding company engaged in the production and supply of utility services, and handling and storage of petroleum products and chemicals. Its business is divided into four segments: Energy, Urban, and Others/Corporate. The company's service portfolio includes power generation, process steam production, wastewater treatment, integrated solutions for offshore and marine industry such as specialized shipbuilding, and repairs & upgrades, and development and marketing of commercial and residential spaces, among others. A vast majority of the company's income is generated by the energy segment, and the majority of the company's revenue is earned in Singapore and India together.
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