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Yangzijiang Financial Holding (SGX:YF8) Quick Ratio : 30.25 (As of Dec. 2023)


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What is Yangzijiang Financial Holding 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. Yangzijiang Financial Holding's quick ratio for the quarter that ended in Dec. 2023 was 30.25.

Yangzijiang Financial Holding has a quick ratio of 30.25. It generally indicates good short-term financial strength.

The historical rank and industry rank for Yangzijiang Financial Holding's Quick Ratio or its related term are showing as below:

SGX:YF8' s Quick Ratio Range Over the Past 10 Years
Min: 27.96   Med: 30.25   Max: 50.98
Current: 30.25

During the past 5 years, Yangzijiang Financial Holding's highest Quick Ratio was 50.98. The lowest was 27.96. And the median was 30.25.

SGX:YF8's Quick Ratio is ranked better than
85.15% of 687 companies
in the Asset Management industry
Industry Median: 2.95 vs SGX:YF8: 30.25

Yangzijiang Financial Holding Quick Ratio Historical Data

The historical data trend for Yangzijiang Financial Holding'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.

* Premium members only.

Yangzijiang Financial Holding Quick Ratio Chart

Yangzijiang Financial Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
33.18 27.96 50.98 28.96 30.25

Yangzijiang Financial Holding Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Quick Ratio Get a 7-Day Free Trial 50.98 112.99 28.96 42.30 30.25

Competitive Comparison of Yangzijiang Financial Holding's Quick Ratio

For the Asset Management subindustry, Yangzijiang Financial Holding'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.


Yangzijiang Financial Holding's Quick Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Yangzijiang Financial Holding's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Yangzijiang Financial Holding's Quick Ratio falls into.



Yangzijiang Financial Holding 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.

Yangzijiang Financial Holding'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
=(2711.95-0)/89.657
=30.25

Yangzijiang Financial Holding'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
=(2711.95-0)/89.657
=30.25

* 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.


Yangzijiang Financial Holding  (SGX:YF8) 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.


Yangzijiang Financial Holding Quick Ratio Related Terms

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Yangzijiang Financial Holding (SGX:YF8) Business Description

Traded in Other Exchanges
Address
9 Raffles Place, No. 54-01 Republic Plaza, Singapore, SGP, 048619
Yangzijiang Financial Holding Ltd operates as an investment management business, which seeks capital appreciation and investment income from investments in both public and private companies as funds, as well as deploying funds into various situations, and the debt investment business, which is primarily made up of debt investments. The principal activities of the Group consist of micro-financing, debt investments at amortized cost, fund management and other investments and therefore management considers that the Group operates in one single business segment at two geographical locations.

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