Hil Industries Bhd (XKLS:8443) Quick Ratio : 5.28 (As of Dec. 2023)

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What is Hil Industries Bhd 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. Hil Industries Bhd's quick ratio for the quarter that ended in Dec. 2023 was 5.28.

Hil Industries Bhd has a quick ratio of 5.28. It generally indicates good short-term financial strength.

The historical rank and industry rank for Hil Industries Bhd's Quick Ratio or its related term are showing as below:

XKLS:8443' s Quick Ratio Range Over the Past 10 Years
Min: 1.65 Med: 5.23 Max: 10.64
Current: 5.28

During the past 13 years, Hil Industries Bhd's highest Quick Ratio was 10.64. The lowest was 1.65. And the median was 5.23.

XKLS:8443's Quick Ratio is ranked better than
92.28% of 3030 companies
in the Industrial Products industry
Industry Median: 1.4 vs XKLS:8443: 5.28

Hil Industries Bhd Quick Ratio Historical Data

The historical data trend for Hil Industries Bhd'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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Hil Industries Bhd Quick Ratio Chart

Hil Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.65

2.02

4.17

5.18

5.28

Hil Industries Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															5.18	4.97	4.62	5.24	5.28

Competitive Comparison of Hil Industries Bhd's Quick Ratio

For the Metal Fabrication subindustry, Hil Industries Bhd'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.

Hil Industries Bhd's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hil Industries Bhd's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Hil Industries Bhd's Quick Ratio falls into.

Hil Industries Bhd 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.

Hil Industries Bhd's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(414.397	-	180.961)	/	44.239
	=	5.28

Hil Industries Bhd's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(414.397	-	180.961)	/	44.239
	=	5.28

Hil Industries Bhd (XKLS:8443) 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.

Hil Industries Bhd Quick Ratio Related Terms

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Hil Industries Bhd (XKLS:8443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hil Industries Bhd (XKLS:8443) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 3, Jalan Lada Sulah 16/11, Section 16, Shah Alam, SGR, MYS, 40000

Website

https://www.hil.com.my

Hil Industries Bhd is a manufacturer and seller of industrial and domestic moulded plastic products. The company's reportable segment include: Manufacturing; Property development and management; and Trading, services and others. The Manufacturing segment engages in the manufacture and sale of industrial and domestic moulded plastic products. The Property development and management segment is involved in the development of residential, commercial and light industrial properties, and letting out of properties and provision of property management services. Trading, services and others segment includes general trading. The company generates key revenue from the Manufacturing segment. It has a business presence in Malaysia, the PRC and Taiwan.

Hil Industries Bhd (XKLS:8443) Headlines

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