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. Polaris Uno's quick ratio for the quarter that ended in Mar. 2024 was 2.36.
Polaris Uno has a quick ratio of 2.36. It generally indicates good short-term financial strength.
The historical rank and industry rank for Polaris Uno's Quick Ratio or its related term are showing as below:
XKRX:114630'
s Quick Ratio Range Over the Past 10 Years
Min: 1.83 Med: 7.21 Max: 19.09
Current: 2.36
During the past 13 years, Polaris Uno's highest Quick Ratio was 19.09. The lowest was 1.83. And the median was 7.21.
XKRX:114630's Quick Ratio is ranked better than 72.66% of 1562
companies
in the Chemicals industry
Industry Median: 1.4
vs XKRX:114630: 2.36
Polaris Uno Quick Ratio Historical Data
The historical data trend for Polaris Uno'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 Polaris Uno's Quick Ratio
For the Specialty Chemicals subindustry, Polaris Uno'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.
Polaris Uno's Quick Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Polaris Uno's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Polaris Uno's Quick Ratio falls into.
Polaris Uno 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.
Polaris Uno'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.
Polaris Uno (XKRX:114630) 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.
Polaris Uno Quick Ratio Related Terms
Thank you for viewing the detailed overview of Polaris Uno's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Polaris Uno Inc manufactures various types of thread used to manufacture wigs. The company operates in the business divisions of Synthetic hair division and Chemicals division. In Synthetic hair division, the company produce fibers for wigs like PVC fibers, heat resistant fibers and special fibers. In the Chemicals division, the company's business is materials-business to supply raw materials like copper clad laminates (CCL) for PCB to produce electronic products. The company is involved in optical monomer business for eyesight-revision plastic lens manufacturing and label adhesive for glass bottles. It offers electronic materials, optical materials and adhesive labels.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKRX:114630 has been successfully added to your 