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Basic Materials Sector Financial Strength Information

Financial Strength Information & Trends  
 


Category:   Period:  

Basic Materials Sector 1 Q 4 Q 3 Q 2 Q 1 Q
  2024 2023 2023 2023 2023
Quick Ratio (TTM) 0.5 0.38 0.32 0.33 0.3
Quick Ratio Ranking # 6 # 7 # 8 # 9 # 9
Working Capital Ratio (TTM) 3.01 1.71 1.61 1.61 1.64
Working Capital Ratio Ranking # 2 # 3 # 3 # 3 # 4
Working Capital Per Revenue 0.25 - 0.16 0.16 0.16
Working Capital Per Revenue Ranking # 7 # 2 # 12 # 11 # 10
Leverage Ratio (TTM) 0.92 1.22 1.43 1.41 1.46
Leverage Ratio Ranking # 5 # 3 # 3 # 4 # 4
Total Debt to Equity (TTM) 0.51 0.49 0.73 0.68 0.73
Total Debt to Equity Ranking # 6 # 3 # 4 # 4 # 4
Interest Coverage (TTM) - 9.05 12.81 12.36 13.8
Interest Coverage Ranking # 10 # 6 # 5 # 5 # 5
Debt Coverage (TTM) 0.41 0.31 0.39 0.38 0.41
Debt Coverage Ranking # 6 # 7 # 5 # 6 # 5


Quick Ratio Comment
On the trailing twelve months basis Basic Materials Sector's Cash & cash equivalent grew by 12.14 % in the 1 Q 2024 sequentially, while Current Liabilities decreased, this led to improvement in Basic Materials Sector's Quick Ratio to 0.5 in the 1 Q 2024,, above Basic Materials Sector average Quick Ratio.


Quick Ratio total ranking has improved so far to 6, from total ranking in previous quarter at 7.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 1 Q 2024
High Average Low
1.34 0.47 0.25
1. quarter 2016   4. quarter 2018

Quick Ratio Sector Ranking
Within: No.
Overall # 6


Other Quick Ratios
Compare Sector's quick ratio to Navg's or S&P Constituent list of Basic Materials Sector
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for NAVG's Competitors Definiton of Quick Ratio


Basic Materials Sector Working Capital Ratio Statistics as of 1 Q 2024
 



Working Capital Ratio Statistics as of 1 Q 2024
High Average Low
3.01 1.84 1.21
1. quarter 2024   4. quarter 2018



Working Capital Ratio Comment
On the trailing twelve months basis Current Liabilities decreased faster than Sector's Current Assets, this led to improvement in Sector's Working Capital Ratio to 3.01 in the 1 Q 2024 a new Sector high.


Working Capital Ratio total ranking has improved to 2, from total ranking in previous quarter at 3.



Working Capital Ratio Sector Ranking
Within: No.
Overall # 2

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Sector's Working Capital ratio to Navg's or S&P Constituent list of Basic Materials Sector
Working Capital ratios for NAVG's Competitors Definiton of Working Capital Ratio

Basic Materials Sector Working Capital Per Revenue Statistics as of 1 Q 2024
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Basic Materials Sector's Working Capital Per Revenue sequentially grew to 0.25 in the 1 Q 2024, above Sector average. Due to decline in revenue year on year by -6.02%.


Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 2 to 7.




Working Capital Per Revenue Statistics as of 1 Q 2024
High Average Low
0.44 0.17 -0.41
4. quarter 2017   4. quarter 2023


Working Capital Per Revenue Sector Ranking
Within: No.
Overall # 7



Other Working Capital Per Revenue
Compare Sector's Working Capital Per Revenue to Navg's or S&P Constituent list of Basic Materials Sector
Return On Assets for Basic Materials Sector Definiton of Working Capital Per Revenue



Basic Materials Sector Leverage Ratio Statistics as of 1 Q 2024
 


Leverage Ratio Statistics as of 1 Q 2024
High Average Low
2.01 1.53 0.17
1. quarter 2017   1. quarter 2016



Leverage Ratio Comment
Due to repayements of liabilities of -1.22% Sector improved Liabilities to Equity ratio in 1 Q 2024 to 0.92, below Sector average.






Leverage Ratio overall ranking has fallen relative to the prior quarter from 3 to 5.



Leverage Ratio Sector Ranking
Within: No.
Overall # 5

Other Leverage Ratios
Compare Sector's Leverage ratio to Navg's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for NAVG's Competitors What is Leverage Ratio?


Basic Materials Sector Total Debt to Equity Ratio Statistics as of 1 Q 2024
 
Debt to Equity Ratio Comment
Despite debt repayement of -0.21%, in 1 Q 2024 ,Total Debt to Equity detoriated to 0.51 in the 1 Q 2024, above Sector average.


Debt to Equity Ratio total ranking has contracted relative to the preceding quarter from 3 to 6.




Debt to Equity Ratio Statistics as of 1 Q 2024
High Average Low
0.73 0.27 0.05
1. quarter 2023   2. quarter 2021



Debt to Equity Sector Ranking
Within: No.
Overall # 6

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Sector's Debt to Equity ratio to Navg's or S&P Definiton of Debt to Equity Ratio

Basic Materials Sector Interest Coverage Ratio Statistics as of 1 Q 2024
 


Interest Coverage Ratio Statistics as of 1 Q 2024
High Average Low
20.84 9.51 -13.88
4. quarter 2021   1. quarter 2024

Interest Coverage Ratio Comment
On the trailing twelve months basis interest expenses decreased faster than Sector's ebitda, this led to improvement in Sector's Interest Coverage Ratio to 6 , Interest Coverage Ratio remained below Basic Materials Sector average.


Interest Coverage overall ranking fell in contrast to the prior period from 6 to 10.



Interest Coverage Ratio Sector Ranking
Within: No.
Overall # 10

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Sector's Interest Coverage ratio to Navg's or S&P Definiton of Interest Coverage Ratio


Basic Materials Sector Debt Coverage Statistics as of 1 Q 2024
 
Debt Coverage Ratio Comment
On the trailing twelve months basis total debt decreased faster than Sector's ebitda, this led to improvement in Sector's Debt Coverage Ratio to 0.41 , Debt Coverage Ratio remained below Basic Materials Sector average.


Debt Coverage Ratio total ranking has improved to 6, from total ranking in previous quarter at 7.




Debt Coverage Statistics as of 1 Q 2024
High Average Low
5.95 2.32 0.31
2. quarter 2021   4. quarter 2023



Debt Coverage Sector Ranking
Within: No.
Overall # 6

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Basic Materials Sector's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-04-18T20:55:01+00:00



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