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 95.62% of 1826
companies
in the Real Estate industry
Industry Median: 1.62
vs HKSE:00050: 15.75
Hong Kong Ferry (Holdings) Co Current Ratio Historical Data
* 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 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.
* 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
Thank you for viewing the detailed overview of Hong Kong Ferry (Holdings) Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description
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.
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