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APM Terminals Bahrain BSC (c) (BAH:APMTB) Quick Ratio : 1.72 (As of Mar. 2024)


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What is APM Terminals Bahrain BSC (c) 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. APM Terminals Bahrain BSC (c)'s quick ratio for the quarter that ended in Mar. 2024 was 1.72.

APM Terminals Bahrain BSC (c) has a quick ratio of 1.72. It generally indicates good short-term financial strength.

The historical rank and industry rank for APM Terminals Bahrain BSC (c)'s Quick Ratio or its related term are showing as below:

BAH:APMTB' s Quick Ratio Range Over the Past 10 Years
Min: 1.61   Med: 2.9   Max: 3.78
Current: 1.72

During the past 7 years, APM Terminals Bahrain BSC (c)'s highest Quick Ratio was 3.78. The lowest was 1.61. And the median was 2.90.

BAH:APMTB's Quick Ratio is ranked better than
70.02% of 1688 companies
in the Construction industry
Industry Median: 1.28 vs BAH:APMTB: 1.72

APM Terminals Bahrain BSC (c) Quick Ratio Historical Data

The historical data trend for APM Terminals Bahrain BSC (c)'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.

APM Terminals Bahrain BSC (c) Quick Ratio Chart

APM Terminals Bahrain BSC (c) Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 3.70 3.78 2.99 3.17 3.03

APM Terminals Bahrain BSC (c) Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.82 2.56 2.74 3.03 1.72

Competitive Comparison of APM Terminals Bahrain BSC (c)'s Quick Ratio

For the Infrastructure Operations subindustry, APM Terminals Bahrain BSC (c)'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.


APM Terminals Bahrain BSC (c)'s Quick Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, APM Terminals Bahrain BSC (c)'s Quick Ratio distribution charts can be found below:

* The bar in red indicates where APM Terminals Bahrain BSC (c)'s Quick Ratio falls into.



APM Terminals Bahrain BSC (c) 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.

APM Terminals Bahrain BSC (c)'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
=(29.634-0.544)/9.616
=3.03

APM Terminals Bahrain BSC (c)'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
=(30.838-0.387)/17.745
=1.72

* 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.


APM Terminals Bahrain BSC (c)  (BAH:APMTB) 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.


APM Terminals Bahrain BSC (c) Quick Ratio Related Terms

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APM Terminals Bahrain BSC (c) (BAH:APMTB) Business Description

Traded in Other Exchanges
N/A
Address
Khalifa Bin Salman Port, P.O. Box 50490, Hidd, BHR
APM Terminals Bahrain BSC (c) operates Khalifa Bin Salman Port and is a multi-purpose facility for domestic cargo, cruise traffic, and a trans-shipment hub for the growing Gulf shipping market. Services offered by the company include the provision of container operations, general cargo, marine, logistical services, online services, container terminal, general cargo, cruise terminal, breakbulk and project cargo. In addition, it also offers marine services including Full Container Loads, Less-than Container Loads, livestock, domestic export/import, transhipment, pilotage, towage and mooring.

APM Terminals Bahrain BSC (c) (BAH:APMTB) Headlines

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