Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Quick Ratio

: 1.10 (As of Dec. 2023)

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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. Hong Kong Exchanges and Clearing's quick ratio for the quarter that ended in Dec. 2023 was 1.10.

Hong Kong Exchanges and Clearing has a quick ratio of 1.10. It generally indicates good short-term financial strength.

The historical rank and industry rank for Hong Kong Exchanges and Clearing's Quick Ratio or its related term are showing as below:

HKXCY' s Quick Ratio Range Over the Past 10 Years
Min: 1.04 Med: 1.08 Max: 1.11
Current: 1.1

During the past 13 years, Hong Kong Exchanges and Clearing's highest Quick Ratio was 1.11. The lowest was 1.04. And the median was 1.08.

HKXCY's Quick Ratio is ranked worse than
77.96% of 667 companies
in the Capital Markets industry
Industry Median: 1.94 vs HKXCY: 1.10

Hong Kong Exchanges and Clearing Quick Ratio Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Quick Ratio

1.11

1.08

1.10

Hong Kong Exchanges and Clearing Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Quick Ratio																1.08	1.09	1.10	1.09	1.10

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing Quick Ratio Distribution

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's Quick Ratio falls into.

Hong Kong Exchanges and Clearing 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.

Hong Kong Exchanges and Clearing'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
	=	(40487.849	-	0)	/	36686.087
	=	1.10

Hong Kong Exchanges and Clearing'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
	=	(40487.849	-	0)	/	36686.087
	=	1.10

Hong Kong Exchanges and Clearing (OTCPK:HKXCY) 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.

Hong Kong Exchanges and Clearing Quick Ratio Related Terms

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Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCY) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

HKXCF:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.