Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Quick Ratio : 0.53 (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Meka Betonntralleri Imalatnayi ve Ticaret AS 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. Meka Betonntralleri Imalatnayi ve Ticaret AS's quick ratio for the quarter that ended in Sep. 2023 was 0.53.

Meka Betonntralleri Imalatnayi ve Ticaret AS has a quick ratio of 0.53. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Meka Betonntralleri Imalatnayi ve Ticaret AS's Quick Ratio or its related term are showing as below:

IST:MEKAG' s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.53 Max: 0.72
Current: 0.53

During the past 3 years, Meka Betonntralleri Imalatnayi ve Ticaret AS's highest Quick Ratio was 0.72. The lowest was 0.50. And the median was 0.53.

IST:MEKAG's Quick Ratio is ranked worse than
81.33% of 391 companies
in the Building Materials industry
Industry Median: 1.02 vs IST:MEKAG: 0.53

Meka Betonntralleri Imalatnayi ve Ticaret AS Quick Ratio Historical Data

The historical data trend for Meka Betonntralleri Imalatnayi ve Ticaret AS'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.

Meka Betonntralleri Imalatnayi ve Ticaret AS Quick Ratio Chart

Meka Betonntralleri Imalatnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Quick Ratio

0.50

0.52

0.72

Meka Betonntralleri Imalatnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Quick Ratio	Get a 7-Day Free Trial			-	-	0.72	0.60	0.53

Competitive Comparison of Meka Betonntralleri Imalatnayi ve Ticaret AS's Quick Ratio

For the Building Materials subindustry, Meka Betonntralleri Imalatnayi ve Ticaret AS'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.

Meka Betonntralleri Imalatnayi ve Ticaret AS's Quick Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Meka Betonntralleri Imalatnayi ve Ticaret AS's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Meka Betonntralleri Imalatnayi ve Ticaret AS's Quick Ratio falls into.

Meka Betonntralleri Imalatnayi ve Ticaret AS 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(508.686	-	232.49)	/	384.1
	=	0.72

Meka Betonntralleri Imalatnayi ve Ticaret AS's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(852.596	-	468.026)	/	723.424
	=	0.53

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS Quick Ratio Related Terms

Thank you for viewing the detailed overview of Meka Betonntralleri Imalatnayi ve Ticaret AS's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Meka Beton Santralleri Imalat Sanayi ve Ticaret AS (IST:MEKAG) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ismet Inonu Blv No. 12, Malikoy Baskent Osb, Ankara, TUR, 06909

Website

https://www.mekaglobal.com/tr

Meka Beton Santralleri Imalat Sanayi ve Ticaret AS is a company engaged in the Production of Concrete Plants and Equipment for Ready-Mixed Concrete Production, Construction and Precast Industries. It has ability and experience to design and produce plants and equipment for every capacity and production type in the production of concrete plants and equipment. MEKA produces crushing, screening and washing equipment for aggregate production, mining and recycling industries.

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Headlines

No Headlines