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Angel Robotics Co (XKRX:455900) Quick Ratio : 5.26 (As of Mar. 2024)


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What is Angel Robotics Co 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. Angel Robotics Co's quick ratio for the quarter that ended in Mar. 2024 was 5.26.

Angel Robotics Co has a quick ratio of 5.26. It generally indicates good short-term financial strength.

The historical rank and industry rank for Angel Robotics Co's Quick Ratio or its related term are showing as below:

XKRX:455900' s Quick Ratio Range Over the Past 10 Years
Min: 0.32   Med: 1.52   Max: 5.26
Current: 5.26

During the past 4 years, Angel Robotics Co's highest Quick Ratio was 5.26. The lowest was 0.32. And the median was 1.52.

XKRX:455900's Quick Ratio is ranked better than
90.55% of 2487 companies
in the Hardware industry
Industry Median: 1.49 vs XKRX:455900: 5.26

Angel Robotics Co Quick Ratio Historical Data

The historical data trend for Angel Robotics Co'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.

Angel Robotics Co Quick Ratio Chart

Angel Robotics Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Quick Ratio
53.80 0.51 0.32 1.48

Angel Robotics Co Quarterly Data
Sep22 Dec22 Sep23 Dec23 Mar24
Quick Ratio - 0.32 1.55 1.48 5.26

Competitive Comparison of Angel Robotics Co's Quick Ratio

For the Computer Hardware subindustry, Angel Robotics Co'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.


Angel Robotics Co's Quick Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Angel Robotics Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Angel Robotics Co's Quick Ratio falls into.



Angel Robotics Co 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.

Angel Robotics Co's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(17187.995-906.966)/11018.323
=1.48

Angel Robotics Co's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(41192.515-0)/7832.222
=5.26

* 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.


Angel Robotics Co  (XKRX:455900) 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.


Angel Robotics Co Quick Ratio Related Terms

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Angel Robotics Co (XKRX:455900) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
37, Seongsui-ro 22-gil, Seongdong-gu, Rooms 1405-1407, 14th floor, Seoul, KOR
Angel Robotics Co Ltd is a company which is engaged in the business of researching, developing, manufacturing, and selling intelligent wearable robots. It manufactures and sell their core products, angel MEDI (wearable robot specializing in rehabilitation medicine), angel GEAR (industrial wearable robot), angel SUIT (wearable robot for daily life assistance), and angel KIT (core robot parts such as motor drivers and smart actuators). The company is engaged in business such as research and development services for wearable robots for defense purposes.

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