Beijing Airdoc Technology Co has a quick ratio of 11.26. It generally indicates good short-term financial strength.
The historical rank and industry rank for Beijing Airdoc Technology Co's Quick Ratio or its related term are showing as below:
HKSE:02251'
s Quick Ratio Range Over the Past 10 Years
Min: 0.59 Med: 16.28 Max: 25.97
Current: 11.26
During the past 5 years, Beijing Airdoc Technology Co's highest Quick Ratio was 25.97. The lowest was 0.59. And the median was 16.28.
HKSE:02251's Quick Ratio is ranked better than 96.6% of 676
companies
in the Healthcare Providers & Services industry
Industry Median: 1.2
vs HKSE:02251: 11.26
Beijing Airdoc Technology Co 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 Beijing Airdoc Technology Co's Quick Ratio
For the Health Information Services subindustry, Beijing Airdoc Technology Co'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.
Beijing Airdoc Technology Co's Quick Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Beijing Airdoc Technology Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Beijing Airdoc Technology Co's Quick Ratio falls into.
Beijing Airdoc Technology Co 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.
Beijing Airdoc Technology Co (HKSE:02251) 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.
Beijing Airdoc Technology Co Quick Ratio Related Terms
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Beijing Airdoc Technology Co (HKSE:02251) Business Description
Beijing Airdoc Technology Co Ltd provides AI-empowered retina-based early detection, diagnosis and health risk assessment solutions in China. Leveraging retinal imaging, multimodal data analyses and AI deep learning algorithms, the company's solution differs from traditional chronic disease early detection and diagnosis, enabling non-invasive, accurate, fast, effective and scalable detection and diagnosis of chronic diseases in both medical institutions and consumer healthcare providers. The Company derives revenue principally from the provision of AI-based software solutions, sales of hardware devices and other services.
Beijing Airdoc Technology Co (HKSE:02251) Headlines
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