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. Betolar Oyj's quick ratio for the quarter that ended in Dec. 2023 was 7.43.
Betolar Oyj has a quick ratio of 7.43. It generally indicates good short-term financial strength.
The historical rank and industry rank for Betolar Oyj's Quick Ratio or its related term are showing as below:
OHEL:BETOLAR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.45 Med: 7.43 Max: 25.97
Current: 7.43
During the past 5 years, Betolar Oyj's highest Quick Ratio was 25.97. The lowest was 0.45. And the median was 7.43.
OHEL:BETOLAR's Quick Ratio is ranked better than 96.92% of 390
companies
in the Building Materials industry
Industry Median: 1.03
vs OHEL:BETOLAR: 7.43
Betolar Oyj Quick Ratio Historical Data
The historical data trend for Betolar Oyj'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 Betolar Oyj's Quick Ratio
For the Building Materials subindustry, Betolar Oyj'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.
Betolar Oyj's Quick Ratio Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Betolar Oyj's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Betolar Oyj's Quick Ratio falls into.
Betolar Oyj 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.
Betolar Oyj'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.
Betolar Oyj (OHEL:BETOLAR) 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.
Betolar Oyj Quick Ratio Related Terms
Thank you for viewing the detailed overview of Betolar Oyj's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Betolar Oyj is a Finnish materials technology company in the growth stage, whose mission is to enable the green transition of different industries globally, especially in the construction, process, and energy industries, by offering solutions for the utilization of its material technology. With its Geoprime solution, the company offers an alternative for producing sustainable and low-carbon concrete and concrete applications. The solution can be used to convert previously under-used or unused industrial side streams into a substitute for cement used in the production of concrete. Its product offering is divided into four segments: precast small concrete products, building elements, mining, and recycling of untapped side streams.
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