Asia-Potash International Investment (Guangzhou) Co has a quick ratio of 0.44. It indicates that the company cannot currently fully pay back its current liabilities.
* 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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Asia-Potash International Investment (Guangzhou) Co Quick Ratio Chart
Asia-Potash International Investment (Guangzhou) Co Annual Data
* 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.
Asia-Potash International Investment (Guangzhou) Co's Quick Ratio Distribution in the Agriculture Industry
* The bar in red indicates where Asia-Potash International Investment (Guangzhou) Co's Quick Ratio falls into.
Asia-Potash International Investment (Guangzhou) 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.
Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) 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.
Asia-Potash International Investment (Guangzhou) Co Quick Ratio Related Terms
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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description
Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.
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