Holders Technology has a quick ratio of 2.39. It generally indicates good short-term financial strength.
The historical rank and industry rank for Holders Technology's Quick Ratio or its related term are showing as below:
LSE:HDT'
s Quick Ratio Range Over the Past 10 Years
Min: 1.33 Med: 1.98 Max: 2.78
Current: 2.39
During the past 13 years, Holders Technology's highest Quick Ratio was 2.78. The lowest was 1.33. And the median was 1.98.
LSE:HDT's Quick Ratio is not ranked
in the Hardware industry.
Industry Median: 1.475
vs LSE:HDT: 2.39
Holders Technology Quick Ratio Historical Data
The historical data trend for Holders Technology'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 Holders Technology's Quick Ratio
For the Electronic Components subindustry, Holders Technology'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.
Holders Technology's Quick Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Holders Technology's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Holders Technology's Quick Ratio falls into.
Holders Technology 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.
Holders Technology's Quick Ratio for the fiscal year that ended in Nov. 2022 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.
Holders Technology (LSE:HDT) 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.
Holders Technology Quick Ratio Related Terms
Thank you for viewing the detailed overview of Holders Technology's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Holders Technology PLC is a UK-based company that supplies specialty laminates and materials for printed circuit board manufacture and operates as a Lighting and Control Solutions provider. The group has four operating subsidiaries: PCB UK, PCB Germany, LCS UK and LCS Germany. Both PCB divisions have very similar products, processes, customers, distribution means and margins.. PCB which distributes materials, equipment and supplies to the PCB industry; and LCS, which distributes Lighting and Controls-related components, lighting products, and lighting solutions. It operates its business across the United Kingdom, Germany, and the Rest of the world.
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