Tai Cheung Holdings has a quick ratio of 8.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Tai Cheung Holdings's Quick Ratio or its related term are showing as below:
HKSE:00088'
s Quick Ratio Range Over the Past 10 Years
Min: 5.66 Med: 8.53 Max: 19.27
Current: 8.45
During the past 13 years, Tai Cheung Holdings's highest Quick Ratio was 19.27. The lowest was 5.66. And the median was 8.53.
HKSE:00088's Quick Ratio is ranked better than 93.67% of 1816
companies
in the Real Estate industry
Industry Median: 0.81
vs HKSE:00088: 8.45
Tai Cheung Holdings Quick Ratio Historical Data
The historical data trend for Tai Cheung Holdings's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Tai Cheung Holdings's Quick Ratio
For the Real Estate - Development subindustry, Tai Cheung Holdings's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tai Cheung Holdings's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Tai Cheung Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Tai Cheung Holdings's Quick Ratio falls into.
Tai Cheung Holdings Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Tai Cheung Holdings's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tai Cheung Holdings (HKSE:00088) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Tai Cheung Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Tai Cheung Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tai Cheung Holdings (HKSE:00088) Business Description
Tai Cheung Holdings Ltd is a Hong Kong-based company engaged in property investment and development, investment holding, and property management. The company's property portfolio includes office towers as well as industrial and residential buildings. In addition, the group has a hotel operation arm through its interest in Sheraton Hong Kong Hotel & Towers, a 5-star hotel located in Tsim Sha Tsui, Kowloon. The company divides its business activities into property development and leasing, property management, hotel operation, and investment holding. Tai Cheung generates the majority of its income from property sales.
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