SHL Consolidated Bhd (XKLS:6017) Quick Ratio : 12.31 (As of Dec. 2023)

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What is SHL Consolidated 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. SHL Consolidated Bhd's quick ratio for the quarter that ended in Dec. 2023 was 12.31.

SHL Consolidated Bhd has a quick ratio of 12.31. It generally indicates good short-term financial strength.

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

XKLS:6017' s Quick Ratio Range Over the Past 10 Years
Min: 2.21 Med: 6.13 Max: 12.31
Current: 12.31

During the past 13 years, SHL Consolidated Bhd's highest Quick Ratio was 12.31. The lowest was 2.21. And the median was 6.13.

XKLS:6017's Quick Ratio is ranked better than
96% of 1825 companies
in the Real Estate industry
Industry Median: 0.81 vs XKLS:6017: 12.31

SHL Consolidated Bhd Quick Ratio Historical Data

The historical data trend for SHL Consolidated 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.

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SHL Consolidated Bhd Quick Ratio Chart

SHL Consolidated Bhd Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Quick Ratio

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7.16

6.56

4.93

5.23

8.92

SHL Consolidated Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															8.36	8.05	8.37	8.65	12.31

Competitive Comparison of SHL Consolidated Bhd's Quick Ratio

For the Real Estate Services subindustry, SHL Consolidated 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.

SHL Consolidated Bhd's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SHL Consolidated Bhd's Quick Ratio distribution charts can be found below:

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

SHL Consolidated 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.

SHL Consolidated Bhd's Quick Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Quick Ratio (A: Mar. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(696.594	-	282.842)	/	46.37
	=	8.92

SHL Consolidated 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
	=	(708.325	-	274.66)	/	35.223
	=	12.31

SHL Consolidated Bhd (XKLS:6017) 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.

SHL Consolidated Bhd Quick Ratio Related Terms

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SHL Consolidated Bhd (XKLS:6017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SHL Consolidated Bhd (XKLS:6017) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

346, Jalan Tun Razak, 16th Floor, Wisma Sin Heap Lee, Kuala Lumpur, SGR, MYS, 50400

Website

https://www.shlcb.com.my

SHL Consolidated Bhd is an investment holding company. It is an integrated commercial and residential property development group which are also involved in granite quarrying and manufacturing of aggregates, general building construction, earthworks, infrastructure works, renting out of plant and machinery. The company's operating segment includes Investment and services; Property development; Construction; Trading; Manufacturing and Quarrying. The company generates maximum revenue from the Property development segment. Geographically, it operates only in Malaysia.

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