What about their current liabilities, how will they meet their trade and other payables of $1,268,681 with only $186,773 in general cash at bank and on hand? From their FY19 Annual Report, credit terms state this balance is due within less than 12 months.
FLT's quick ratio (acid test) as at 31 December, 2019 is ($186,773,000 + $100,333,000* + $585,951,000) / $1,610,511,000 = 0.5421
For comparison:
WEB's quick ratio as at 31 December, 2019 is ($135,663,600 + $330,700,000) / $551,000,000 = 0.8464
CTD's quick ratio as at 31 December, 2019 is ($46,790,860 + $266,793,000) / $249,397,000 = 1.2574
*Financial asset investments are probably a bit lower than $100,333,000 for FLT given the prevailing circumstances. WEB and CTD's financial asset investments are included in cash and cash equivalents.
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