What is Henderson Land Development Co 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. Henderson Land Development Co's quick ratio for the quarter that ended in Jun. 2023 was 0.50.
Henderson Land Development Co has a quick ratio of 0.50. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Henderson Land Development Co's Quick Ratio or its related term are showing as below:
HLDVF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.74 Max: 1.14
Current: 0.66
During the past 13 years, Henderson Land Development Co's highest Quick Ratio was 1.14. The lowest was 0.44. And the median was 0.74.
HLDVF's Quick Ratio is ranked worse than 56.72% of 1830
companies
in the Real Estate industry
Industry Median: 0.81
vs HLDVF: 0.66
Henderson Land Development Co Quick Ratio Historical Data
The historical data trend for Henderson Land Development Co'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.
Competitive Comparison of Henderson Land Development Co's Quick Ratio
For the Real Estate - Diversified subindustry, Henderson Land Development Co'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.
Henderson Land Development Co's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Henderson Land Development Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Henderson Land Development Co's Quick Ratio falls into.
Henderson Land Development Co 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.
Henderson Land Development Co's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Henderson Land Development Co (OTCPK:HLDVF) 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.
Henderson Land Development Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of Henderson Land Development Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Henderson Land Development Co (Henderson Land Development Co) Business Description
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.
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