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. Exotic Food PCL's quick ratio for the quarter that ended in Mar. 2024 was 3.81.
Exotic Food PCL has a quick ratio of 3.81. It generally indicates good short-term financial strength.
The historical rank and industry rank for Exotic Food PCL's Quick Ratio or its related term are showing as below:
BKK:XO'
s Quick Ratio Range Over the Past 10 Years
Min: 0.74 Med: 2.38 Max: 3.89
Current: 3.81
During the past 11 years, Exotic Food PCL's highest Quick Ratio was 3.89. The lowest was 0.74. And the median was 2.38.
BKK:XO's Quick Ratio is ranked better than 89.11% of 1919
companies
in the Consumer Packaged Goods industry
Industry Median: 1.05
vs BKK:XO: 3.81
Exotic Food PCL Quick Ratio Historical Data
The historical data trend for Exotic Food PCL'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 Exotic Food PCL's Quick Ratio
For the Packaged Foods subindustry, Exotic Food PCL'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.
Exotic Food PCL's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Exotic Food PCL's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Exotic Food PCL's Quick Ratio falls into.
Exotic Food PCL 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.
Exotic Food PCL'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.
Exotic Food PCL (BKK:XO) 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.
Exotic Food PCL Quick Ratio Related Terms
Thank you for viewing the detailed overview of Exotic Food PCL's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Exotic Food PCL manufactures and exports seasoning, dipping sauces, fruit juice, canned products and production from fruit and vegetables. The company operates in both local and overseas markets. It offers seasoning products, which include dipping sauces, chilli sauces, and other seasoning products; food ingredient products, which include coconut milk and curry paste products; and beverages. Including beverages made from vegetables and fruit; instant and semi-instant food products, which include ready meal products such as green curry with rice, Pad Thai as well as other instant and semi-instant food products such as food in oil and brine, canned vegetable and fruit products, rice products, dried foods and others. Key revenue is earned from seasoning and dipping sauces sales.
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