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. RHT Health Trust's quick ratio for the quarter that ended in Sep. 2023 was 12.04.
RHT Health Trust has a quick ratio of 12.04. It generally indicates good short-term financial strength.
The historical rank and industry rank for RHT Health Trust's Quick Ratio or its related term are showing as below:
SGX:RF1U'
s Quick Ratio Range Over the Past 10 Years
Min: 0.17 Med: 1.1 Max: 16.7
Current: 12.04
During the past 8 years, RHT Health Trust's highest Quick Ratio was 16.70. The lowest was 0.17. And the median was 1.10.
SGX:RF1U's Quick Ratio is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 1.22
vs SGX:RF1U: 12.04
RHT Health Trust Quick Ratio Historical Data
The historical data trend for RHT Health Trust'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 RHT Health Trust's Quick Ratio
For the Medical Care Facilities subindustry, RHT Health Trust'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.
RHT Health Trust's Quick Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, RHT Health Trust's Quick Ratio distribution charts can be found below:
* The bar in red indicates where RHT Health Trust's Quick Ratio falls into.
RHT Health Trust 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.
RHT Health Trust's Quick Ratio for the fiscal year that ended in Mar. 2019 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.
RHT Health Trust (SGX:RF1U) 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.
RHT Health Trust Quick Ratio Related Terms
Thank you for viewing the detailed overview of RHT Health Trust's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
RHT Health Trust is an investment holding company. The company's only reportable segment is the provision of medical and Clinical Establishment services. Geographically, it operates and derives revenue from India. It primarily invests in medical and healthcare assets and services in Asia, Australasia and emerging markets in the rest of the world.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SGX:RF1U has been successfully added to your 