* 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 China Shipbuilding Industry's Quick Ratio
For the Aerospace & Defense subindustry, China Shipbuilding Industry'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.
China Shipbuilding Industry's Quick Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, China Shipbuilding Industry's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China Shipbuilding Industry's Quick Ratio falls into.
China Shipbuilding Industry 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.
China Shipbuilding Industry (SHSE:601989) 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.
China Shipbuilding Industry Quick Ratio Related Terms
Thank you for viewing the detailed overview of China Shipbuilding Industry's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Shipbuilding Industry (SHSE:601989) Business Description
China Shipbuilding Industry Corp is engaged in the designing, manufacturing and repairing of ships. The company also manufactures marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship supporting and electromechanical equipment, military-civilian integration strategy emerging industries. The main developer and supplier of domestic naval equipment is responsible for the manufacturing of naval main battle equipment and core ancillary equipment such as aircraft carriers, surface ships, conventional submarines, and underwater weapons.
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