Spitfire Oil Quick ratio
What is the Quick ratio of Spitfire Oil?
The Quick ratio of Spitfire Oil Limited is 89.22
What is the definition of Quick ratio?
Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.
mrq (most recent quarter)
The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.
Quick ratio of companies in the Energy sector on LSE compared to Spitfire Oil
What does Spitfire Oil do?
Spitfire Oil Limited does not have significant operations. Previously, the company was involved in producing fuels and distillates from the Salmon Gums Lignite deposits located in Western Australia. The company was founded in 2007 and is based in Perth, Australia.
Companies with quick ratio similar to Spitfire Oil
- Industrial Investment Trust has Quick ratio of 85.64
- HarbourVest Global Private Equity has Quick ratio of 85.65
- Carlton Investments has Quick ratio of 86.29
- China Trends has Quick ratio of 86.97
- Mandrake Resources has Quick ratio of 88.20
- 16358 has Quick ratio of 88.28
- Spitfire Oil has Quick ratio of 89.22
- Arcus Development has Quick ratio of 89.30
- Exelerate Capital has Quick ratio of 90.83
- Indiabulls Housing Finance has Quick ratio of 91.14
- Unity Investments has Quick ratio of 91.46
- Edge Performance VCT 'H' has Quick ratio of 91.64
- Ventus 2 VCT Plc has Quick ratio of 91.68