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. Top KingWin's quick ratio for the quarter that ended in Dec. 2023 was 2.48.
Top KingWin has a quick ratio of 2.48. It generally indicates good short-term financial strength.
The historical rank and industry rank for Top KingWin's Quick Ratio or its related term are showing as below:
TCJH'
s Quick Ratio Range Over the Past 10 Years
Min: 0.99 Med: 1.59 Max: 2.48
Current: 2.48
During the past 4 years, Top KingWin's highest Quick Ratio was 2.48. The lowest was 0.99. And the median was 1.59.
TCJH's Quick Ratio is ranked better than 56.29% of 668
companies
in the Capital Markets industry
Industry Median: 1.995
vs TCJH: 2.48
Top KingWin Quick Ratio Historical Data
The historical data trend for Top KingWin'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 Top KingWin's Quick Ratio
For the Capital Markets subindustry, Top KingWin'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.
Top KingWin's Quick Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Top KingWin's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Top KingWin's Quick Ratio falls into.
Top KingWin 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.
Top KingWin'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.
Top KingWin (NAS:TCJH) 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.
Top KingWin Quick Ratio Related Terms
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Donghuan Street, No. 555, North Panyu Avenue, Room 1304, Building No. 25, Tian’an Headquarters Center, Panyu District, Guangdong Province, Guangzhou, CHN, 511400
Website
Top KingWin Ltd operates as a corporate business training and consulting company, providing personal and management training and financial consulting services. It provides a number of essential business services in China to young and emerging companies including corporate business training services, which mainly focus on advanced knowledge and new perspectives on the capital markets; corporate consulting services, which mainly focus on various aspects of fundraising, and advisory and transaction services. Its main clients are entrepreneurs and executives in China's small and medium enterprises (SMEs).
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