GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Regent Textile Mills Ltd (DHA:REGENTTEX) » Definitions » Quick Ratio

Regent Textile Mills (DHA:REGENTTEX) Quick Ratio : 0.00 (As of . 20)


View and export this data going back to 2015. Start your Free Trial

What is Regent Textile Mills 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. Regent Textile Mills's quick ratio for the quarter that ended in . 20 was 0.00.

Regent Textile Mills has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Regent Textile Mills's Quick Ratio or its related term are showing as below:

DHA:REGENTTEX's Quick Ratio is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 1.05
* Ranked among companies with meaningful Quick Ratio only.

Regent Textile Mills Quick Ratio Historical Data

The historical data trend for Regent Textile Mills'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.

Regent Textile Mills Quick Ratio Chart

Regent Textile Mills Annual Data
Trend
Quick Ratio

Regent Textile Mills Semi-Annual Data
Quick Ratio

Competitive Comparison of Regent Textile Mills's Quick Ratio

For the Textile Manufacturing subindustry, Regent Textile Mills'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.


Regent Textile Mills's Quick Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Regent Textile Mills's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Regent Textile Mills's Quick Ratio falls into.



Regent Textile Mills 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.

Regent Textile Mills's Quick Ratio for the fiscal year that ended in . 20 is calculated as

Regent Textile Mills's Quick Ratio for the quarter that ended in . 20 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.


Regent Textile Mills  (DHA:REGENTTEX) 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.


Regent Textile Mills Quick Ratio Related Terms

Thank you for viewing the detailed overview of Regent Textile Mills's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Regent Textile Mills Business Description

Traded in Other Exchanges
N/A
Address
H G. Tower, 1182, Jubilee Road (Nur Ahmed Road), Chattogram, BGD, 4000
Regent Textile Mills Ltd manufactures and exports woven fabrics. The company offers a complete process line from weaving to the finishing of high quality fabrics and home furnishing items. The company is equipped with an infrastructural arrangement with composite manufacturing facilities having full coverage of weaving, dying, printing, sewing, finishing and packing procedures. The company exports its products to Sweden, Norway, Switzerland, Germany, the Czech Republic, and France.

Regent Textile Mills Headlines

No Headlines