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Zona Franca de Iquique (XSGO:ZOFRI) Quick Ratio : 1.61 (As of Dec. 2023)


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What is Zona Franca de Iquique 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. Zona Franca de Iquique's quick ratio for the quarter that ended in Dec. 2023 was 1.61.

Zona Franca de Iquique has a quick ratio of 1.61. It generally indicates good short-term financial strength.

The historical rank and industry rank for Zona Franca de Iquique's Quick Ratio or its related term are showing as below:

XSGO:ZOFRI' s Quick Ratio Range Over the Past 10 Years
Min: 0.38   Med: 1.03   Max: 1.8
Current: 1.61

During the past 13 years, Zona Franca de Iquique's highest Quick Ratio was 1.80. The lowest was 0.38. And the median was 1.03.

XSGO:ZOFRI's Quick Ratio is ranked better than
72.39% of 1822 companies
in the Real Estate industry
Industry Median: 0.81 vs XSGO:ZOFRI: 1.61

Zona Franca de Iquique Quick Ratio Historical Data

The historical data trend for Zona Franca de Iquique'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.

Zona Franca de Iquique Quick Ratio Chart

Zona Franca de Iquique Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 1.54 1.80 1.53 1.61

Zona Franca de Iquique Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.53 1.85 2.14 2.19 1.61

Competitive Comparison of Zona Franca de Iquique's Quick Ratio

For the Real Estate Services subindustry, Zona Franca de Iquique'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.


Zona Franca de Iquique's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zona Franca de Iquique's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Zona Franca de Iquique's Quick Ratio falls into.



Zona Franca de Iquique 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.

Zona Franca de Iquique'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
=(56698.864-395.301)/34925.435
=1.61

Zona Franca de Iquique's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(56698.864-395.301)/34925.435
=1.61

* 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.


Zona Franca de Iquique  (XSGO:ZOFRI) 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.


Zona Franca de Iquique Quick Ratio Related Terms

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Zona Franca de Iquique (XSGO:ZOFRI) Business Description

Traded in Other Exchanges
N/A
Address
Recinto Amurallado S/N, Iquique, CHL
Zona Franca de Iquique SA operates in the nonresidential building operators sector. Its business include administration and exploitation of the Free Trade Zone of Iquique. Its activities are divided in four business units, Iqueque Wholesale and Industrial Business Center, Zofri's Logistic Center, Arica's Business Center, and Zofri's Mall. It offers required infrastructure for companies to store, commercialize, and distribute their products in the markets.

Zona Franca de Iquique (XSGO:ZOFRI) Headlines

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