Kin Shing Holdings (HKSE:01630) Quick Ratio : 1.41 (As of Sep. 2023)

Kin Shing Holdings Quick Ratio Chart

Kin Shing Holdings Annual Data
	Trend	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Quick Ratio		Get a 7-Day Free Trial					1.59	1.67	1.58	1.58	1.54

Kin Shing Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Quick Ratio	Get a 7-Day Free Trial													1.67	1.58	1.67	1.54	1.41

Competitive Comparison of Kin Shing Holdings's Quick Ratio

For the Engineering & Construction subindustry, Kin Shing 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.

Kin Shing Holdings's Quick Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kin Shing Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Kin Shing Holdings's Quick Ratio falls into.

Kin Shing 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.

Kin Shing Holdings's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Kin Shing Holdings's Quick Ratio for the quarter that ended in Sep. 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.

Kin Shing Holdings  (HKSE:01630) 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.

Kin Shing Holdings Quick Ratio Related Terms

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Kin Shing Holdings (HKSE:01630) Business Description