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Golden Son (DHA:GOLDENSON) Quick Ratio : 1.24 (As of Mar. 2024)


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What is Golden Son 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. Golden Son's quick ratio for the quarter that ended in Mar. 2024 was 1.24.

Golden Son has a quick ratio of 1.24. It generally indicates good short-term financial strength.

The historical rank and industry rank for Golden Son's Quick Ratio or its related term are showing as below:

DHA:GOLDENSON' s Quick Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.04   Max: 2.52
Current: 1.24

During the past 11 years, Golden Son's highest Quick Ratio was 2.52. The lowest was 0.67. And the median was 1.04.

DHA:GOLDENSON's Quick Ratio is ranked better than
55.93% of 1922 companies
in the Consumer Packaged Goods industry
Industry Median: 1.08 vs DHA:GOLDENSON: 1.24

Golden Son Quick Ratio Historical Data

The historical data trend for Golden Son'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.

Golden Son Quick Ratio Chart

Golden Son Annual Data
Trend Dec13 Dec14 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 0.95 1.24 1.32 1.19

Golden Son Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.23 1.19 1.23 1.18 1.24

Competitive Comparison of Golden Son's Quick Ratio

For the Household & Personal Products subindustry, Golden Son'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.


Golden Son's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Son's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Golden Son's Quick Ratio falls into.



Golden Son 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.

Golden Son's Quick Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Quick Ratio (A: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(4136.042-1398.9)/2301.707
=1.19

Golden Son's Quick Ratio for the quarter that ended in Mar. 2024 is calculated as

Quick Ratio (Q: Mar. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(4124.022-1389.359)/2207.731
=1.24

* 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.


Golden Son  (DHA:GOLDENSON) 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.


Golden Son Quick Ratio Related Terms

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Golden Son Business Description

Traded in Other Exchanges
N/A
Address
Khowaj Nagar, P.O: Ajimpara, P.S: Karnaphuli, Chattogram, BGD
Golden Son Ltd manufactures, imports, exports and sells hot pot, food warmer, fan components, baby toys, plastic products, garments accessories, and solar lightings. Its principal activities include manufacturing of household electronics and electrical goods, Twill tape, hotpots and various types of toys, etc. Its products portfolio is divided into garments accessories including adjustable elastic, buttonhole elastic, selvedge tape, canvas tape, gross grain tape, herringbone twill tape, among others; household items such as dream pot, dream food warmer, and accessories; screw including wooden screw, self-drilling screw, roofing screw, tapping screw, and pan head screw; toys that include soft toys.

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