Dc Healthcare Holdings Bhd has a quick ratio of 2.57. It generally indicates good short-term financial strength.
The historical rank and industry rank for Dc Healthcare Holdings Bhd's Quick Ratio or its related term are showing as below:
XKLS:0283'
s Quick Ratio Range Over the Past 10 Years
Min: 0.89 Med: 1.11 Max: 2.57
Current: 2.57
During the past 5 years, Dc Healthcare Holdings Bhd's highest Quick Ratio was 2.57. The lowest was 0.89. And the median was 1.11.
XKLS:0283's Quick Ratio is ranked better than 77.37% of 676
companies
in the Healthcare Providers & Services industry
Industry Median: 1.195
vs XKLS:0283: 2.57
Dc Healthcare Holdings Bhd Quick Ratio Historical Data
* 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.
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Dc Healthcare Holdings Bhd Quick Ratio Chart
Dc Healthcare Holdings Bhd Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Quick Ratio
1.01
1.38
1.11
0.89
2.57
Dc Healthcare Holdings Bhd Semi-Annual Data
Dec19
Dec20
Dec21
Dec22
Dec23
Quick Ratio
1.01
1.38
1.11
0.89
2.57
Competitive Comparison of Dc Healthcare Holdings Bhd's Quick Ratio
For the Medical Care Facilities subindustry, Dc Healthcare Holdings 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.
Dc Healthcare Holdings Bhd's Quick Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Dc Healthcare Holdings Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Dc Healthcare Holdings Bhd's Quick Ratio falls into.
Dc Healthcare Holdings 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.
* 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.
Dc Healthcare Holdings Bhd (XKLS:0283) 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.
Dc Healthcare Holdings Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Dc Healthcare Holdings Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dc Healthcare Holdings Bhd (XKLS:0283) Business Description
Dc Healthcare Holdings Bhd Is an investment holding company. Through its subsidiaries, the company provides Aesthetic Services specializing in Non-Invasive and Minimally-Invasive procedures. Non-Invasive procedures are medical procedures that do not involve entering the body through surgical incisions; whilst Minimally Invasive procedures limit the size and quantity of incisions and injections thereby reducing wound healing time, associated pain and risk of infection. The business activities are categorized into 2 segments, Aesthetic Services, and General Medical Services. The majority of revenue is derived from the Aesthetic Services segment.
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