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. Click Holdings's quick ratio for the quarter that ended in Jun. 2024 was 1.52.
Click Holdings has a quick ratio of 1.52. It generally indicates good short-term financial strength.
The historical rank and industry rank for Click Holdings's Quick Ratio or its related term are showing as below:
CLIK'
s Quick Ratio Range Over the Past 10 Years
Min: 0.77 Med: 1.17 Max: 1.52
Current: 1.52
During the past 2 years, Click Holdings's highest Quick Ratio was 1.52. The lowest was 0.77. And the median was 1.17.
CLIK's Quick Ratio is ranked better than 61.32% of 106
companies
in the Personal Services industry
Industry Median: 1.145
vs CLIK: 1.52
Click Holdings Quick Ratio Historical Data
The historical data trend for Click Holdings'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.
Click Holdings Quick Ratio Chart
Click Holdings Annual Data
Trend
Dec22
Dec23
Quick Ratio
0.77
1.17
Click Holdings Semi-Annual Data
Dec22
Jun23
Dec23
Jun24
Quick Ratio
0.77
-
1.17
1.52
Competitive Comparison of Click Holdings's Quick Ratio
For the Personal Services subindustry, Click Holdings'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.
Click Holdings's Quick Ratio Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Click Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Click Holdings's Quick Ratio falls into.
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.
Click Holdings's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Click Holdings (NAS:CLIK) 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.
Click Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Click Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Click Holdings Ltd is a human resources solutions provider, specializing in offering comprehensive human resources solutions. It is focused on talent sourcing and the provision of temporary and permanent personnel to customers and also in placing professional accountants and company secretaries, registered nurses and healthcare workers as well as other blue-collar workers, for direct hire and contract staffing roles. The Company operates in three segments, 1) professional solution services, 2) nursing solution services and 3) logistic and other solution services. Maximum revenue is generated from Professional solution services and Hong Kong.
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