GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PowerTap Hydrogen Capital Corp (OTCPK:MOTNF) » Definitions » Quick Ratio

PowerTap Hydrogen Capital (PowerTap Hydrogen Capital) Quick Ratio : 0.00 (As of Dec. 2023)


View and export this data going back to 1987. Start your Free Trial

What is PowerTap Hydrogen Capital 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. PowerTap Hydrogen Capital's quick ratio for the quarter that ended in Dec. 2023 was 0.00.

PowerTap Hydrogen Capital has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for PowerTap Hydrogen Capital's Quick Ratio or its related term are showing as below:

During the past 13 years, PowerTap Hydrogen Capital's highest Quick Ratio was 1053.64. The lowest was 0.06. And the median was 20.07.

MOTNF's Quick Ratio is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 1.22
* Ranked among companies with meaningful Quick Ratio only.

PowerTap Hydrogen Capital Quick Ratio Historical Data

The historical data trend for PowerTap Hydrogen Capital'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.

PowerTap Hydrogen Capital Quick Ratio Chart

PowerTap Hydrogen Capital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 947.20 19.28 13.16 7.76 0.06

PowerTap Hydrogen Capital 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 6.05 1.75 0.06 - -

Competitive Comparison of PowerTap Hydrogen Capital's Quick Ratio

For the Utilities - Renewable subindustry, PowerTap Hydrogen Capital'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.


PowerTap Hydrogen Capital's Quick Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PowerTap Hydrogen Capital's Quick Ratio distribution charts can be found below:

* The bar in red indicates where PowerTap Hydrogen Capital's Quick Ratio falls into.



PowerTap Hydrogen Capital 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.

PowerTap Hydrogen Capital's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.111-0)/1.956
=0.06

PowerTap Hydrogen Capital'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
=(0.003-0)/2.672
=0.00

* 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.


PowerTap Hydrogen Capital  (OTCPK:MOTNF) 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.


PowerTap Hydrogen Capital Quick Ratio Related Terms

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


PowerTap Hydrogen Capital (PowerTap Hydrogen Capital) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
PowerTap Hydrogen Capital Corp is engaged in the development of hydrogen fueling operations across the United States.

PowerTap Hydrogen Capital (PowerTap Hydrogen Capital) Headlines