Sun Pacific Holding (Sun Pacific Holding) Quick Ratio : 0.01 (As of Sep. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Sun Pacific Holding Quick Ratio?

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. Sun Pacific Holding's quick ratio for the quarter that ended in Sep. 2023 was 0.01.

Sun Pacific Holding has a quick ratio of 0.01. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Sun Pacific Holding's Quick Ratio or its related term are showing as below:

SNPW' s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.5
Current: 0.01

During the past 9 years, Sun Pacific Holding's highest Quick Ratio was 0.50. The lowest was 0.01. And the median was 0.06.

SNPW's Quick Ratio is ranked worse than
99.72% of 1059 companies
in the Media - Diversified industry
Industry Median: 1.44 vs SNPW: 0.01

Sun Pacific Holding Quick Ratio Historical Data

The historical data trend for Sun Pacific Holding'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.

* Premium members only.

Sun Pacific Holding Quick Ratio Chart

Sun Pacific Holding Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Quick Ratio

Get a 7-Day Free Trial

0.03

0.50

0.06

0.05

Sun Pacific Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Quick Ratio	Get a 7-Day Free Trial															0.09	0.05	0.03	0.02	0.01

Competitive Comparison of Sun Pacific Holding's Quick Ratio

For the Advertising Agencies subindustry, Sun Pacific Holding'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.

Sun Pacific Holding's Quick Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sun Pacific Holding's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Sun Pacific Holding's Quick Ratio falls into.

Sun Pacific Holding 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.

Sun Pacific Holding's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.153	-	0)	/	3.274
	=	0.05

Sun Pacific Holding's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(0.022	-	0)	/	3.546
	=	0.01

Sun Pacific Holding (OTCPK:SNPW) 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.

Sun Pacific Holding Quick Ratio Related Terms

Thank you for viewing the detailed overview of Sun Pacific Holding's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Sun Pacific Holding (Sun Pacific Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sun Pacific Holding Corp (OTCPK:SNPW) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

345 Highway 9 South, Suite 388, Manalapan, NJ, USA, 07726

Website

https://www.sunpacificholding.com

Sun Pacific Holding Corp is a green energy company specializing in solar and waste-to-energy technologies. With a focus on deploying its subject matter expertise and experience in green energy solutions, Sun Pacific is building a Company that designs, develops, builds, and manages green technologies that support renewable energy solutions. Sun Pacific operates several subsidiaries including Sun Pacific Power Corp, Street Smart Outdoor Corp, and National Mechanical Corp. The company provides solar bus stops, solar trashcans, and street kiosks that utilize its advertising offerings that provide State and local municipalities with costs efficient solutions.

Executives

Nicholas B Campanella	director, 10 percent owner, officer: CEO	3 KELTON PLACE, MANALAPAN NJ 07726
Vincent Randazzo	director	18822, LISTER LANE, HUNTINGTON BEACH CA 92646
William J. Singer	director, officer: President	1482 E VALLEY RD, SANTA BARBARA CA 93108
Sumair Mitroo	director	4020 GALT OCEAN MILE, APT. 1607, FT. LAUDERDALE FL 33308
Karen Elizabeth Jervis	officer: Chief Executive Officer	1 BELLFIELD CRESCENT, EDDLESTON, PEEBLES X0 EH45 8RQ
Graham Philip May	officer: Chief Operating Officer	36 SPITAL SQUARE, 4TH FLOOR, LONDON X0 E1 6DY
David Cooper	director	52 QUEEN ANNE STREET, LONDON X0 W1G 8HL
Oxon Life Science Ltd	10 percent owner	DONEGAN, ZETLANDS, NEVIS U7 0000
Konstantinos Kardiasmenos	director, officer: Pres/CEO/CFO/Sec. and Treas.	4 PTOLEMEON STREET, ATHENS J3 11635
Lars Christiansen	10 percent owner	13 MERINO COURT, 154 LIVER STREET, LONDON X0 EC1V 8BG
Mitchell Johnson	director, officer: President and CEO	SUITE 5.15 MLS BUSINESS CENTRE, 130 SHAFTESBURY AVENUE, LONDON X0 W1D 5EU
Infrablue Inc.	10 percent owner	J&J BUSINESS COMPLEX, SUITE 102, FRIARS HILL ROAD, ST. JOHN'S B9 0000
Keydata Technology Partnership 3 Llp	10 percent owner	ONE ANGEL COURT, LONDON X0 EC2R 7HJ