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Hong Kong Ferry (Holdings) Co (HKSE:00050) Current Ratio : 15.75 (As of Dec. 2023)


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What is Hong Kong Ferry (Holdings) Co Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Hong Kong Ferry (Holdings) Co's current ratio for the quarter that ended in Dec. 2023 was 15.75.

Hong Kong Ferry (Holdings) Co has a current ratio of 15.75. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.

The historical rank and industry rank for Hong Kong Ferry (Holdings) Co's Current Ratio or its related term are showing as below:

HKSE:00050' s Current Ratio Range Over the Past 10 Years
Min: 3.46   Med: 13.33   Max: 17.18
Current: 15.75

During the past 13 years, Hong Kong Ferry (Holdings) Co's highest Current Ratio was 17.18. The lowest was 3.46. And the median was 13.33.

HKSE:00050's Current Ratio is ranked better than
95.51% of 1827 companies
in the Real Estate industry
Industry Median: 1.62 vs HKSE:00050: 15.75

Hong Kong Ferry (Holdings) Co Current Ratio Historical Data

The historical data trend for Hong Kong Ferry (Holdings) Co's Current 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.

* Premium members only.

Hong Kong Ferry (Holdings) Co Current Ratio Chart

Hong Kong Ferry (Holdings) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.81 13.25 17.18 16.92 15.75

Hong Kong Ferry (Holdings) Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.18 14.27 16.92 12.48 15.75

Competitive Comparison of Hong Kong Ferry (Holdings) Co's Current Ratio

For the Real Estate - Diversified subindustry, Hong Kong Ferry (Holdings) Co's Current Ratio, along with its competitors' market caps and Current 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.


Hong Kong Ferry (Holdings) Co's Current Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Kong Ferry (Holdings) Co's Current Ratio distribution charts can be found below:

* The bar in red indicates where Hong Kong Ferry (Holdings) Co's Current Ratio falls into.



Hong Kong Ferry (Holdings) Co Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Hong Kong Ferry (Holdings) Co's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )=Total Current Assets (A: Dec. 2023 )/Total Current Liabilities (A: Dec. 2023 )
=3792.221/240.726
=15.75

Hong Kong Ferry (Holdings) Co's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=3792.221/240.726
=15.75

* 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.


Hong Kong Ferry (Holdings) Co  (HKSE:00050) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Hong Kong Ferry (Holdings) Co Current Ratio Related Terms

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Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description

Traded in Other Exchanges
N/A
Address
98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102
Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.

Hong Kong Ferry (Holdings) Co (HKSE:00050) Headlines

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