Name: Quick Ratio

Definition: The quick ratio is like an emergency response measure: can the company pay off short-term debts without selling any inventory? It only counts cash, short-term investments, and receivables — assets that can quickly be turned into cash. A healthy quick ratio shows strong liquidity. A very low quick ratio means the company depends on selling inventory to meet short-term obligations — which can be risky if sales unexpectedly slow down.

Interpretation:
• In '2021', SLNG's quick ratio was 0.66, providing a stringent test of short-term liquidity. Industry average for Oil/Gas Transmission in '2021' stood at 0.48.
• In '2022', SLNG's quick ratio was 1.02, providing a stringent test of short-term liquidity. The increase since '2021' reflects strengthening financial performance. Industry average for Oil/Gas Transmission in '2022' stood at 0.52. Industry average increased by 0.04 compared to previous year.
• In '2023', SLNG's quick ratio was 1.13, providing a stringent test of short-term liquidity. The increase since '2022' reflects strengthening financial performance. Industry average for Oil/Gas Transmission in '2023' stood at 0.83. Industry average increased by 0.31 compared to previous year.
• In '2024', SLNG's quick ratio was 1.33, providing a stringent test of short-term liquidity. The increase since '2023' reflects strengthening financial performance. Industry average for Oil/Gas Transmission in '2024' stood at 0.81. Industry average declined by 0.02 from previous year.
Overall, SLNG's quick ratio has been volatile but showed an upward trend over the past 4 years.

Formula: Quick Ratio = (Current Assets - Inventory) / Current Liabilities

Good Range: Normally between 0.8 and 1.5.