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HHRG Bhd (XKLS:0175) Quick Ratio : 2.75 (As of Dec. 2023)


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What is HHRG Bhd 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. HHRG Bhd's quick ratio for the quarter that ended in Dec. 2023 was 2.75.

HHRG Bhd has a quick ratio of 2.75. It generally indicates good short-term financial strength.

The historical rank and industry rank for HHRG Bhd's Quick Ratio or its related term are showing as below:

XKLS:0175' s Quick Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.01   Max: 3.11
Current: 2.75

During the past 9 years, HHRG Bhd's highest Quick Ratio was 3.11. The lowest was 0.63. And the median was 1.01.

XKLS:0175's Quick Ratio is ranked better than
82.9% of 1906 companies
in the Consumer Packaged Goods industry
Industry Median: 1.03 vs XKLS:0175: 2.75

HHRG Bhd Quick Ratio Historical Data

The historical data trend for HHRG Bhd'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.

HHRG Bhd Quick Ratio Chart

HHRG Bhd Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only 0.73 0.80 0.82 1.49 2.61

HHRG Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.87 2.61 3.08 3.11 2.75

Competitive Comparison of HHRG Bhd's Quick Ratio

For the Farm Products subindustry, HHRG Bhd'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.


HHRG Bhd's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HHRG Bhd's Quick Ratio distribution charts can be found below:

* The bar in red indicates where HHRG Bhd's Quick Ratio falls into.



HHRG Bhd 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.

HHRG Bhd's Quick Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Quick Ratio (A: Mar. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(88.543-12.275)/29.21
=2.61

HHRG Bhd'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
=(107.081-12.211)/34.538
=2.75

* 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.


HHRG Bhd  (XKLS:0175) 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.


HHRG Bhd Quick Ratio Related Terms

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HHRG Bhd (XKLS:0175) Business Description

Traded in Other Exchanges
N/A
Address
Lot No. 2945 (Plot A2), Jalan Sungai Baong, Kawasan Perindustrian Perabut, Sungai Baong, Mukim 5, Sungai Bakap, Pulau Pinang, Seberang Perai Selatan, PNG, MYS, 14200
HHRG Bhd and its subsidiaries are in the business of manufacturing and trading biomass materials, mattresses, and other related products. The company has three segments: the Biomass materials and related products segment involved in the manufacturing and trading of coconut fiber and oil palm empty fruit bunch fiber and other products; the Furniture products which manufacture and trade mattresses and related products; and Investment holdings and others. The company earns maximum revenue from Biomass materials.

HHRG Bhd (XKLS:0175) Headlines

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