China Glass Holdings has a quick ratio of 0.25. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for China Glass Holdings's Quick Ratio or its related term are showing as below:
HKSE:03300'
s Quick Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.39 Max: 0.64
Current: 0.25
During the past 13 years, China Glass Holdings's highest Quick Ratio was 0.64. The lowest was 0.25. And the median was 0.39.
HKSE:03300's Quick Ratio is ranked worse than 94.9% of 392
companies
in the Building Materials industry
Industry Median: 1.015
vs HKSE:03300: 0.25
China Glass Holdings Quick Ratio Historical Data
The historical data trend for China Glass 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 China Glass Holdings's Quick Ratio
For the Building Materials subindustry, China Glass 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.
China Glass Holdings's Quick Ratio Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, China Glass Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China Glass Holdings's Quick Ratio falls into.
China Glass 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.
China Glass 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.
China Glass Holdings (HKSE:03300) 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 Glass Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of China Glass Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Glass Holdings (HKSE:03300) Business Description
China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.
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