Surface Transforms (FRA:XE4) Quick Ratio : 2.07 (As of Jun. 2023)

Surface Transforms Quick Ratio Chart

Surface Transforms Annual Data
	Trend	May13	May14	May15	May16	May17	May18	May19	Dec20	Dec21	Dec22
Quick Ratio		Get a 7-Day Free Trial					1.78	3.48	1.75	5.80	4.59

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Quick Ratio	Get a 7-Day Free Trial															13.65	5.80	3.09	4.59	2.07

Competitive Comparison of Surface Transforms's Quick Ratio

For the Auto Parts subindustry, Surface Transforms'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.

Surface Transforms's Quick Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Surface Transforms's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Surface Transforms's Quick Ratio falls into.

Surface Transforms 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.

Surface Transforms's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Surface Transforms's Quick Ratio for the quarter that ended in Jun. 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.

Surface Transforms  (FRA:XE4) 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.

Surface Transforms Quick Ratio Related Terms

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Surface Transforms (FRA:XE4) Business Description