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. SFC Energy AG's quick ratio for the quarter that ended in Mar. 2024 was 2.95.
SFC Energy AG has a quick ratio of 2.95. It generally indicates good short-term financial strength.
The historical rank and industry rank for SFC Energy AG's Quick Ratio or its related term are showing as below:
XTER:F3C'
s Quick Ratio Range Over the Past 10 Years
Min: 0.75 Med: 1.4 Max: 3.46
Current: 2.95
During the past 13 years, SFC Energy AG's highest Quick Ratio was 3.46. The lowest was 0.75. And the median was 1.40.
XTER:F3C's Quick Ratio is ranked better than 81.3% of 3032
companies
in the Industrial Products industry
Industry Median: 1.4
vs XTER:F3C: 2.95
SFC Energy AG Quick Ratio Historical Data
The historical data trend for SFC Energy AG'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 SFC Energy AG's Quick Ratio
For the Specialty Industrial Machinery subindustry, SFC Energy AG'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.
SFC Energy AG's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, SFC Energy AG's Quick Ratio distribution charts can be found below:
* The bar in red indicates where SFC Energy AG's Quick Ratio falls into.
SFC Energy AG 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.
SFC Energy AG'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.
SFC Energy AG (XTER:F3C) 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.
SFC Energy AG Quick Ratio Related Terms
Thank you for viewing the detailed overview of SFC Energy AG's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SFC Energy AG is engaged in the development, production, and distribution of power generation systems and their components for off-grid and on-grid applications based on fuel cell and other technologies, as well as investment in the equipment and facilities required for these activities and transaction of all other related business. The company's product portfolio comprises accessories and spare parts, fuel cartridges, combining fuel cell products with other power sources, power storage units, and electrical devices. The group serves the core segments namely Clean Energy and Mobility, Oil and Gas, Defense and Security, and Industry. North American market constitutes the majority of the total income followed by Europe excluding Germany.
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