Intelligent Group (Intelligent Group) Quick Ratio : 2.16 (As of Nov. 2023)

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What is Intelligent Group 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. Intelligent Group's quick ratio for the quarter that ended in Nov. 2023 was 2.16.

Intelligent Group has a quick ratio of 2.16. It generally indicates good short-term financial strength.

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

INTJ' s Quick Ratio Range Over the Past 10 Years
Min: 2.16 Med: 5.35 Max: 8.37
Current: 2.16

During the past 4 years, Intelligent Group's highest Quick Ratio was 8.37. The lowest was 2.16. And the median was 5.35.

INTJ's Quick Ratio is ranked better than
66.02% of 1080 companies
in the Business Services industry
Industry Median: 1.545 vs INTJ: 2.16

Intelligent Group Quick Ratio Historical Data

The historical data trend for Intelligent Group'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.

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Intelligent Group Quick Ratio Chart

Intelligent Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Quick Ratio

7.01

8.37

3.68

2.16

Intelligent Group Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Quick Ratio	Get a 7-Day Free Trial			8.37	3.59	3.68	3.83	2.16

Competitive Comparison of Intelligent Group's Quick Ratio

For the Consulting Services subindustry, Intelligent Group'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.

Intelligent Group's Quick Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Intelligent Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Intelligent Group's Quick Ratio falls into.

Intelligent Group 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.

Intelligent Group's Quick Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Quick Ratio (A: Nov. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(3.945	-	0)	/	1.825
	=	2.16

Intelligent Group's Quick Ratio for the quarter that ended in Nov. 2023 is calculated as

Quick Ratio (Q: Nov. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(3.945	-	0)	/	1.825
	=	2.16

Intelligent Group (NAS:INTJ) 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.

Intelligent Group Quick Ratio Related Terms

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Intelligent Group (Intelligent Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intelligent Group Ltd (NAS:INTJ) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Unit 2803, Level 28, Tower 1, Admiralty Centre, Admiralty, Hong Kong, HKG

Website

http://www.intelligentjoy.com

Intelligent Group Ltd is a professional services provider in Hong Kong that principally engages in the provision of Financial PR services. The company provides a substantial number of holistic and comprehensive Financial PR services to its clients through IJL, its key operating entity in Hong Kong. It advises its clients on their communications and reputation management efforts. Its Financial PR services include creating multi-stakeholder communications programs, arranging press conferences and interviews, participating in the preparation of news releases and shareholders' meetings, monitoring news publications, identifying shareholders, targeting potential investors, organizing corporate events, and implementing crisis management policies and procedures.