Bangkok Chain Hospital (BKK:BCH) Quick Ratio : 1.29 (As of Dec. 2023)

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What is Bangkok Chain Hospital 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. Bangkok Chain Hospital's quick ratio for the quarter that ended in Dec. 2023 was 1.29.

Bangkok Chain Hospital has a quick ratio of 1.29. It generally indicates good short-term financial strength.

The historical rank and industry rank for Bangkok Chain Hospital's Quick Ratio or its related term are showing as below:

BKK:BCH' s Quick Ratio Range Over the Past 10 Years
Min: 0.58 Med: 1.27 Max: 1.84
Current: 1.29

During the past 13 years, Bangkok Chain Hospital's highest Quick Ratio was 1.84. The lowest was 0.58. And the median was 1.27.

BKK:BCH's Quick Ratio is ranked better than
52.54% of 670 companies
in the Healthcare Providers & Services industry
Industry Median: 1.215 vs BKK:BCH: 1.29

Bangkok Chain Hospital Quick Ratio Historical Data

The historical data trend for Bangkok Chain Hospital'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.

Bangkok Chain Hospital Quick Ratio Chart

Bangkok Chain Hospital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

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1.25

0.58

1.67

1.84

1.29

Bangkok Chain Hospital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio	Get a 7-Day Free Trial															1.84	1.69	1.45	1.20	1.29

Competitive Comparison of Bangkok Chain Hospital's Quick Ratio

For the Medical Care Facilities subindustry, Bangkok Chain Hospital'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.

Bangkok Chain Hospital's Quick Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Bangkok Chain Hospital's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Bangkok Chain Hospital's Quick Ratio falls into.

Bangkok Chain Hospital 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.

Bangkok Chain Hospital'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
	=	(4842.751	-	305.673)	/	3505.251
	=	1.29

Bangkok Chain Hospital'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
	=	(4842.751	-	305.673)	/	3505.251
	=	1.29

Bangkok Chain Hospital (BKK:BCH) 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.

Bangkok Chain Hospital Quick Ratio Related Terms

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Bangkok Chain Hospital (BKK:BCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Bangkok Chain Hospital PLC (BKK:BCH) » Definitions » Quick Ratio

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BCH-F:Thailand

Address

44 Moo 4, Chaengwattana Road, Pakkred, Nonthaburi, THA, 11120

Website

https://www.bangkokchainhospital.com

Bangkok Chain Hospital PLC is engaged in operating private hospitals, nursing businesses to provide medical treatment to patients with a total of 15 chained hospitals in Bangkok vicinity, Chiang Rai, Saraburi, Nonthaburi, Pathumthani, Ayudhaya, Chachoengsao, Prachinburi, Sa Kaeo Province, and Lao People's Democratic Republic as well as selling healthy drinks, providing medical analysis and research services in operation rooms, and providing assets management services relevant to the hospital and property for rent. Its geographical segments are the Kingdom of Thailand and the Lao People's Democratic Republic.