This second
traditional ratio is a little better than
the current
ratio since it recognizes the first criticism
: that is the potential relative illiquidity
of inventories.
Click
here to see the source of data
| Starworld
Group |
End of Year |
| |
2021 |
2022 |
2023 |
| Total current assets |
424 |
499 |
680 |
| - Inventory |
- 97 |
- 116 |
- 151 |
| Total |
327 |
383 |
539 |
| Bank payable |
126 |
179 |
383 |
| Accounts Payable |
116 |
139 |
181 |
| Accruals |
36 |
45 |
55 |
| Total current liabilities |
278 |
363 |
619 |
Quick ratio |
1.176 |
1.055 |
0.855 |
Sources :
Interpreting
and using financial statements, 1999,
Marc Bertonèche, Ph. D. in Finance
from the Northwestern University, Professor
at the Bordeaux University and at Sciences-PO
Paris, Visiting Professor at Harvard Business
School and Oxford University.
Corporate
Finance Course, Bernard Jaquier, Professor
in Economics & Finance, Lausanne, Switzerland, 2024
