Golden Heaven Group Holdings (Golden Heaven Group Holdings) Quick Ratio : 1.01 (As of Sep. 2023)

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What is Golden Heaven Group Holdings Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Golden Heaven Group Holdings's quick ratio for the quarter that ended in Sep. 2023 was 1.01.

Golden Heaven Group Holdings has a quick ratio of 1.01. It generally indicates good short-term financial strength.

The historical rank and industry rank for Golden Heaven Group Holdings's Quick Ratio or its related term are showing as below:

GDHG' s Quick Ratio Range Over the Past 10 Years
Min: 0.85 Med: 0.97 Max: 1.52
Current: 1.01

During the past 4 years, Golden Heaven Group Holdings's highest Quick Ratio was 1.52. The lowest was 0.85. And the median was 0.97.

GDHG's Quick Ratio is ranked worse than
54.31% of 836 companies
in the Travel & Leisure industry
Industry Median: 1.1 vs GDHG: 1.01

Golden Heaven Group Holdings Quick Ratio Historical Data

The historical data trend for Golden Heaven Group 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.

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Golden Heaven Group Holdings Quick Ratio Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Quick Ratio

0.85

0.92

1.52

1.01

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Quick Ratio	Get a 7-Day Free Trial			0.92	1.98	1.52	2.07	1.01

Competitive Comparison of Golden Heaven Group Holdings's Quick Ratio

For the Leisure subindustry, Golden Heaven Group 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.

Golden Heaven Group Holdings's Quick Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Golden Heaven Group Holdings's Quick Ratio falls into.

Golden Heaven Group 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.

Golden Heaven Group Holdings's Quick Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Quick Ratio (A: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(14.737	-	0)	/	14.527
	=	1.01

Golden Heaven Group Holdings's Quick Ratio for the quarter that ended in Sep. 2023 is calculated as

Quick Ratio (Q: Sep. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(14.737	-	0)	/	14.527
	=	1.01

Golden Heaven Group Holdings (NAS:GDHG) 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.

Golden Heaven Group Holdings Quick Ratio Related Terms

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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.