Greenvolt - Energias Renovaveis has a quick ratio of 1.39. It generally indicates good short-term financial strength.
The historical rank and industry rank for Greenvolt - Energias Renovaveis's Quick Ratio or its related term are showing as below:
XLIS:GVOLT'
s Quick Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.89 Max: 4.42
Current: 1.39
During the past 6 years, Greenvolt - Energias Renovaveis's highest Quick Ratio was 4.42. The lowest was 0.16. And the median was 0.89.
XLIS:GVOLT's Quick Ratio is ranked better than 59.31% of 435
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.21
vs XLIS:GVOLT: 1.39
Greenvolt - Energias Renovaveis Quick Ratio Historical Data
* 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.
Competitive Comparison of Greenvolt - Energias Renovaveis's Quick Ratio
For the Utilities - Renewable subindustry, Greenvolt - Energias Renovaveis'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.
Greenvolt - Energias Renovaveis's Quick Ratio Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Greenvolt - Energias Renovaveis's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Greenvolt - Energias Renovaveis's Quick Ratio falls into.
Greenvolt - Energias Renovaveis 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.
* 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.
Greenvolt - Energias Renovaveis (XLIS:GVOLT) 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.
Greenvolt - Energias Renovaveis Quick Ratio Related Terms
Thank you for viewing the detailed overview of Greenvolt - Energias Renovaveis's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description
Greenvolt - Energias Renovaveis SA is specialized in the production of electricity from renewable energy sources. It has three operating segments. Biomass & Structure has five energy production plants through forest biomass in Portugal, the costs of the corporate structure of Greenvolt, and the plant in Tilbury. The development of Solar & wind energy includes the activities of development, construction, & exploration of photovoltaic & wind energy, with the subsidiaries Greenvolt Power & Sustainable Energy One being the main contributors to the segment. Distributed generation includes the contributions from subsidiaries Greenvolt Next Portugal, Greenvolt Next Portugal II Invest, Perfecta Energía, Greenvolt Comunidades, & Univergy. The key revenue is from the biomass & structure segment.
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