Shun Tak Holdings has a quick ratio of 1.66. It generally indicates good short-term financial strength.
The historical rank and industry rank for Shun Tak Holdings's Quick Ratio or its related term are showing as below:
HKSE:00242'
s Quick Ratio Range Over the Past 10 Years
Min: 1.19 Med: 1.9 Max: 5.57
Current: 1.66
During the past 13 years, Shun Tak Holdings's highest Quick Ratio was 5.57. The lowest was 1.19. And the median was 1.90.
HKSE:00242's Quick Ratio is ranked better than 73.6% of 1826
companies
in the Real Estate industry
Industry Median: 0.81
vs HKSE:00242: 1.66
Shun Tak Holdings Quick Ratio Historical Data
The historical data trend for Shun Tak 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 Shun Tak Holdings's Quick Ratio
For the Real Estate - Diversified subindustry, Shun Tak 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.
Shun Tak Holdings's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Shun Tak Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Shun Tak Holdings's Quick Ratio falls into.
Shun Tak 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.
Shun Tak Holdings's Quick Ratio for the fiscal year that ended in Dec. 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.
Shun Tak Holdings (HKSE:00242) 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.
Shun Tak Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Shun Tak Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Shun Tak Holdings (HKSE:00242) Business Description
Shun Tak Holdings Ltd is a provider of multiple lines of services predominantly in Macau. Its main business is that of property development, contributing the majority of its revenue. Shun Tak's property segment covers commercial, residential, and retail property spaces. It operates through the following business segments: Property, Transportation, Hospitality, and Investment. The Property segment includes property development and sales, leasing, and management services. The Transportation segment provides passenger transportation services. The Hospitality segment performs hotel operations, hotel management, and travel agency services. The Investment segment involves investment holding and others.
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