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Lever Style (HKSE:01346) Quick Ratio : 1.91 (As of Dec. 2023)


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What is Lever Style 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. Lever Style's quick ratio for the quarter that ended in Dec. 2023 was 1.91.

Lever Style has a quick ratio of 1.91. It generally indicates good short-term financial strength.

The historical rank and industry rank for Lever Style's Quick Ratio or its related term are showing as below:

HKSE:01346' s Quick Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.37   Max: 1.91
Current: 1.91

During the past 8 years, Lever Style's highest Quick Ratio was 1.91. The lowest was 0.73. And the median was 1.37.

HKSE:01346's Quick Ratio is ranked better than
75.32% of 1082 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.06 vs HKSE:01346: 1.91

Lever Style Quick Ratio Historical Data

The historical data trend for Lever Style'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.

* Premium members only.

Lever Style Quick Ratio Chart

Lever Style Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 1.60 1.57 1.17 1.66 1.91

Lever Style Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 1.16 1.66 1.71 1.91

Competitive Comparison of Lever Style's Quick Ratio

For the Apparel Manufacturing subindustry, Lever Style'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.


Lever Style's Quick Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lever Style's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Lever Style's Quick Ratio falls into.



Lever Style 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.

Lever Style's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(645.753-127.214)/271.57
=1.91

Lever Style's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(645.753-127.214)/271.57
=1.91

* 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.


Lever Style  (HKSE:01346) 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.


Lever Style Quick Ratio Related Terms

Thank you for viewing the detailed overview of Lever Style's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Lever Style (HKSE:01346) Business Description

Traded in Other Exchanges
N/A
Address
12 Hing Yip Street, Wing Tai Centre, 7th Floor, Room 76, Flat A, Kwun Tong, Kowloon, Hong Kong, HKG
Lever Style Corp engages in apparel manufacturing. The firm offers a wide range of product categories for both men and women. Its product line comprises shirts, bottoms, suits, outwear, and other products out of which sale of shirts derives the majority revenue. Geographically, the United States of America contributes majority of the firm's revenue.
Executives
Imaginative Company Limited 2201 Interest of corporation controlled by you
Lever Style Holdings Limited 2101 Beneficial owner
Szeto Chi Yan Stanley 2201 Interest of corporation controlled by you
Fung Capital Limited 2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited 2301 Trustee
Fung Portfolio Limited 2201 Interest of corporation controlled by you
Fung Kwok Lun William 2201 Interest of corporation controlled by you
Jing Lun Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Feng Shi Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you
Poolside Ventures Limited 2201 Interest of corporation controlled by you
Kci Limited 2201 Interest of corporation controlled by you
Fung Trinity Holdings Limited 2101 Beneficial owner
Fong Tong 2201 Interest of corporation controlled by you

Lever Style (HKSE:01346) Headlines

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