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. ABR Holdings's quick ratio for the quarter that ended in Dec. 2023 was 1.25.
ABR Holdings has a quick ratio of 1.25. It generally indicates good short-term financial strength.
The historical rank and industry rank for ABR Holdings's Quick Ratio or its related term are showing as below:
SGX:533'
s Quick Ratio Range Over the Past 10 Years
Min: 1.25 Med: 2.62 Max: 6.07
Current: 1.25
During the past 13 years, ABR Holdings's highest Quick Ratio was 6.07. The lowest was 1.25. And the median was 2.62.
SGX:533's Quick Ratio is ranked better than 71.43% of 350
companies
in the Restaurants industry
Industry Median: 0.89
vs SGX:533: 1.25
ABR Holdings Quick Ratio Historical Data
The historical data trend for ABR Holdings'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.
Competitive Comparison of ABR Holdings's Quick Ratio
For the Restaurants subindustry, ABR 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.
ABR Holdings's Quick Ratio Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, ABR Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where ABR Holdings's Quick Ratio falls into.
ABR 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.
ABR Holdings's Quick Ratio for the fiscal year that ended in Dec. 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.
ABR Holdings (SGX:533) 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.
ABR Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of ABR Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ABR Holdings Ltd is engaged in manufacturing of ice cream. It is also involved in the operation of Swensen's ice cream parlours, restaurants, cafes, snack bars, cafeterias, and operation of other specialty restaurants and investment holding activities. It operates through the Food and Beverage, Property Investments and Others segment. The firm derives revenue solely from Food and beverage segment. Geographical presence of company is in Singapore, Malaysia and Rest of Asia. Majority of its revenue comes from Singapore.
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