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. Matrix Holdings's quick ratio for the quarter that ended in Jun. 2023 was 1.93.
Matrix Holdings has a quick ratio of 1.93. It generally indicates good short-term financial strength.
The historical rank and industry rank for Matrix Holdings's Quick Ratio or its related term are showing as below:
HKSE:01005'
s Quick Ratio Range Over the Past 10 Years
Min: 1.11 Med: 1.98 Max: 2.69
Current: 1.93
During the past 13 years, Matrix Holdings's highest Quick Ratio was 2.69. The lowest was 1.11. And the median was 1.98.
HKSE:01005's Quick Ratio is ranked better than 74.4% of 840
companies
in the Travel & Leisure industry
Industry Median: 1.1
vs HKSE:01005: 1.93
Matrix Holdings Quick Ratio Historical Data
The historical data trend for Matrix 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 Matrix Holdings's Quick Ratio
For the Leisure subindustry, Matrix 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.
Matrix Holdings's Quick Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Matrix Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Matrix Holdings's Quick Ratio falls into.
Matrix 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.
Matrix Holdings's Quick Ratio for the fiscal year that ended in Dec. 2022 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.
Matrix Holdings (HKSE:01005) 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.
Matrix Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Matrix Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Matrix Holdings Ltd, an investment holding company, manufactures and trades in toys and lighting products. It offers plastic, die-cast, and plush toys. The business activity of the group functions through the United States, Europe, Mexico, Canada, South America, Australia, New Zealand, and internationally from which it derives the majority of revenue from the United States. Manufacturing services offered by the group include design, prototyping, molding, product validation, multi-skilled manufacturing, general assembly, and packaging. The activities of the group are reported under single segment being manufacturing and trading of toys and lighting products.
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