PT Harum Energy Tbk (ISX:HRUM) Quick Ratio : 1.38 (As of Dec. 2023)

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What is PT Harum Energy Tbk 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. PT Harum Energy Tbk's quick ratio for the quarter that ended in Dec. 2023 was 1.38.

PT Harum Energy Tbk has a quick ratio of 1.38. It generally indicates good short-term financial strength.

The historical rank and industry rank for PT Harum Energy Tbk's Quick Ratio or its related term are showing as below:

ISX:HRUM' s Quick Ratio Range Over the Past 10 Years
Min: 1.38 Med: 4.48 Max: 9.59
Current: 1.38

During the past 13 years, PT Harum Energy Tbk's highest Quick Ratio was 9.59. The lowest was 1.38. And the median was 4.48.

ISX:HRUM's Quick Ratio is ranked worse than
53.89% of 180 companies
in the Other Energy Sources industry
Industry Median: 1.525 vs ISX:HRUM: 1.38

PT Harum Energy Tbk Quick Ratio Historical Data

The historical data trend for PT Harum Energy Tbk'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.

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PT Harum Energy Tbk Quick Ratio Chart

PT Harum Energy Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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8.70

9.59

2.81

2.11

1.38

PT Harum Energy Tbk 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															2.11	3.05	3.93	2.44	1.38

Competitive Comparison of PT Harum Energy Tbk's Quick Ratio

For the Thermal Coal subindustry, PT Harum Energy Tbk'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.

PT Harum Energy Tbk's Quick Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Harum Energy Tbk's Quick Ratio distribution charts can be found below:

* The bar in red indicates where PT Harum Energy Tbk's Quick Ratio falls into.

PT Harum Energy Tbk 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.

PT Harum Energy Tbk'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
	=	(6664302.881	-	1199410.492)	/	3959505.27
	=	1.38

PT Harum Energy Tbk'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
	=	(6664302.881	-	1199410.492)	/	3959505.27
	=	1.38

PT Harum Energy Tbk (ISX:HRUM) 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.

PT Harum Energy Tbk Quick Ratio Related Terms

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PT Harum Energy Tbk (ISX:HRUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Harum Energy Tbk (ISX:HRUM) » Definitions » Quick Ratio

Traded in Other Exchanges

N/A

Address

Jalan Imam Bonjol No. 80, Deutsche Bank Building, 9th Floor, Jakarta Pusat, Jakarta, IDN, 10310

Website

http://www.harumenergy.com

PT Harum Energy Tbk is a holding company primarily engaged in coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is breakdown into various segments which include Coal mining sectors; Rental and service sectors and Other sectors. It serves coal-fired power generating and manufacturing companies. The business of the group is amplifying to the geographical region of South Korea, Taiwan, Malaysia, China, India, Japan, and others of which South Korea accounts for a larger share of the revenue.