Boustead Singapore has a quick ratio of 1.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Boustead Singapore's Quick Ratio or its related term are showing as below:
SGX:F9D'
s Quick Ratio Range Over the Past 10 Years
Min: 1.41 Med: 2.05 Max: 2.32
Current: 1.45
During the past 13 years, Boustead Singapore's highest Quick Ratio was 2.32. The lowest was 1.41. And the median was 2.05.
SGX:F9D's Quick Ratio is ranked better than 63.72% of 532
companies
in the Conglomerates industry
Industry Median: 1.17
vs SGX:F9D: 1.45
Boustead Singapore Quick Ratio Historical Data
The historical data trend for Boustead Singapore'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 Boustead Singapore's Quick Ratio
For the Conglomerates subindustry, Boustead Singapore'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.
Boustead Singapore's Quick Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Boustead Singapore's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Boustead Singapore's Quick Ratio falls into.
Boustead Singapore 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.
Boustead Singapore's Quick Ratio for the fiscal year that ended in Mar. 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.
Boustead Singapore (SGX:F9D) 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.
Boustead Singapore Quick Ratio Related Terms
Thank you for viewing the detailed overview of Boustead Singapore's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Boustead Singapore Ltd is an investment holding company that engages in infrastructure-related engineering services and geo-spatial solutions. It operates in four segments. The Energy Engineering segment relates to the design, engineering, and supply of systems to the oil and gas, petrochemical, and solid waste energy recovery sectors. The real estate segment relates to the provision of design-and-build expertise for industrial facilities, along with design-and-building-and-lease arrangements for industrial facilities. The geospatial segment specializes in Esri geographic information systems and location intelligence solutions and the Healthcare segment. Its geographical segments include Singapore, Asia Pacific, Australia, North and South America, Europe, and the Middle East.
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