Bonny International Holding has a quick ratio of 0.24. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Bonny International Holding's Quick Ratio or its related term are showing as below:
HKSE:01906'
s Quick Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.47 Max: 0.71
Current: 0.24
During the past 8 years, Bonny International Holding's highest Quick Ratio was 0.71. The lowest was 0.24. And the median was 0.47.
HKSE:01906's Quick Ratio is ranked worse than 94.18% of 1082
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.06
vs HKSE:01906: 0.24
Bonny International Holding Quick Ratio Historical Data
* 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 Bonny International Holding's Quick Ratio
For the Apparel Manufacturing subindustry, Bonny International Holding'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.
Bonny International Holding's Quick Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bonny International Holding's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bonny International Holding's Quick Ratio falls into.
Bonny International Holding 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.
* 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.
Bonny International Holding (HKSE:01906) 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.
Bonny International Holding Quick Ratio Related Terms
Thank you for viewing the detailed overview of Bonny International Holding's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bonny International Holding (HKSE:01906) Business Description
Bonny International Holding Ltd is principally engaged in the manufacturing of intimate wear products for overseas apparel companies. The segments of the company are the Brand products segment which involves the manufacture and sale of ladies Brassieres, Panties, Thermal underwear with the Bonny brand to the domestic market; and the Original Design Manufacture (ODM) products segment which engages in the manufacture and sale of Seamless underwear or other ODM products for overseas customers or their agents. Geographically the group derives key revenue from Mainland China, the United states, Germany, Japan, Netherlands and others, of which key revenue is derived from Mainland China.
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