Partner Communications Co (Partner Communications Co) Quick Ratio : 1.03 (As of Dec. 2023)

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What is Partner Communications Co 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. Partner Communications Co's quick ratio for the quarter that ended in Dec. 2023 was 1.03.

Partner Communications Co has a quick ratio of 1.03. It generally indicates good short-term financial strength.

The historical rank and industry rank for Partner Communications Co's Quick Ratio or its related term are showing as below:

PTNRY' s Quick Ratio Range Over the Past 10 Years
Min: 0.99 Med: 1.06 Max: 1.4
Current: 1.03

During the past 13 years, Partner Communications Co's highest Quick Ratio was 1.40. The lowest was 0.99. And the median was 1.06.

PTNRY's Quick Ratio is ranked better than
55.5% of 391 companies
in the Telecommunication Services industry
Industry Median: 0.95 vs PTNRY: 1.03

Partner Communications Co Quick Ratio Historical Data

The historical data trend for Partner Communications Co'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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Partner Communications Co Quick Ratio Chart

Partner Communications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.03

1.06

0.99

1.07

1.03

Partner Communications Co 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															1.07	1.03	0.93	1.05	1.03

Competitive Comparison of Partner Communications Co's Quick Ratio

For the Telecom Services subindustry, Partner Communications Co'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.

Partner Communications Co's Quick Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Partner Communications Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Partner Communications Co's Quick Ratio falls into.

Partner Communications Co 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.

Partner Communications Co'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
	=	(389.632	-	18.567)	/	358.957
	=	1.03

Partner Communications Co'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
	=	(389.632	-	18.567)	/	358.957
	=	1.03

Partner Communications Co (OTCPK:PTNRY) 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.

Partner Communications Co Quick Ratio Related Terms

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Partner Communications Co (Partner Communications Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Partner Communications Co Ltd (OTCPK:PTNRY) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

PTNR:Israel

Address

8 Amal Street, Afek Industrial Park, Rosh Ha'ayin, ISR, 48103

Website

https://www.partner.co.il

Partner Communications Co Ltd is an Israeli-based telecommunications company. It provides a wide integrated and customized range of cellular and fixed-line telecommunication services, including infrastructure, international long-distance (ILD), internet services provider (ISP), television, and other services. The cellular business segment represents the portion of total revenues, and it offers services such as airtime calls, international roaming services, text messaging, internet browsing, value-added and content services, and services provided to other operators that use the company's cellular network.