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Quality Hospitality Leasehold Property Fund (BKK:QHOP) Quick Ratio : 1.84 (As of Dec. 2024)


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What is Quality Hospitality Leasehold Property Fund 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. Quality Hospitality Leasehold Property Fund's quick ratio for the quarter that ended in Dec. 2024 was 1.84.

Quality Hospitality Leasehold Property Fund has a quick ratio of 1.84. It generally indicates good short-term financial strength.

The historical rank and industry rank for Quality Hospitality Leasehold Property Fund's Quick Ratio or its related term are showing as below:

BKK:QHOP' s Quick Ratio Range Over the Past 10 Years
Min: 1.84   Med: 2.84   Max: 14.19
Current: 1.84

During the past 12 years, Quality Hospitality Leasehold Property Fund's highest Quick Ratio was 14.19. The lowest was 1.84. And the median was 2.84.

BKK:QHOP's Quick Ratio is ranked better than
71% of 769 companies
in the REITs industry
Industry Median: 0.91 vs BKK:QHOP: 1.84

Quality Hospitality Leasehold Property Fund Quick Ratio Historical Data

The historical data trend for Quality Hospitality Leasehold Property Fund'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.

Quality Hospitality Leasehold Property Fund Quick Ratio Chart

Quality Hospitality Leasehold Property Fund Annual Data
Trend Dec11 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.19 2.84 1.92 11.43 1.84

Quality Hospitality Leasehold Property Fund Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.43 5.32 6.32 2.76 1.84

Competitive Comparison of Quality Hospitality Leasehold Property Fund's Quick Ratio

For the REIT - Specialty subindustry, Quality Hospitality Leasehold Property Fund'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.


Quality Hospitality Leasehold Property Fund's Quick Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Quality Hospitality Leasehold Property Fund's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Quality Hospitality Leasehold Property Fund's Quick Ratio falls into.



Quality Hospitality Leasehold Property Fund 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.

Quality Hospitality Leasehold Property Fund's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3.626-0)/1.973
=1.84

Quality Hospitality Leasehold Property Fund's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3.626-0)/1.973
=1.84

* 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.


Quality Hospitality Leasehold Property Fund  (BKK:QHOP) 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.


Quality Hospitality Leasehold Property Fund Quick Ratio Related Terms

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Quality Hospitality Leasehold Property Fund Business Description

Traded in Other Exchanges
N/A
Address
173/27-30, 32-33 South Sathon Road, 23A, 25th Floor, Asia Centre Building, Thungmahamek, Sathon, Bangkok, THA, 10120
Quality Hospitality Leasehold Property Fund is a close-ended leasehold property fund and a specific property fund. The Fund's objective is to mobilize funds from the public and general investors to purchase and lease immovable properties and to seek benefits from those properties including the modification, development, and disposal of the properties, which the Fund invests in or possesses by way of letting, subletting and disposal for the benefit of the properties themselves and to generate income and return for the unit holders and the Fund.

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