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Global Engine Group Holding (Global Engine Group Holding) Quick Ratio : 1.24 (As of Dec. 2022)


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What is Global Engine Group Holding 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. Global Engine Group Holding's quick ratio for the quarter that ended in Dec. 2022 was 1.24.

Global Engine Group Holding has a quick ratio of 1.24. It generally indicates good short-term financial strength.

The historical rank and industry rank for Global Engine Group Holding's Quick Ratio or its related term are showing as below:

GLE's Quick Ratio is not ranked *
in the Software industry.
Industry Median: 1.65
* Ranked among companies with meaningful Quick Ratio only.

Global Engine Group Holding Quick Ratio Historical Data

The historical data trend for Global Engine Group Holding'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.

Global Engine Group Holding Quick Ratio Chart

Global Engine Group Holding Annual Data
Trend Jun20 Jun21 Jun22
Quick Ratio
1.30 1.25 1.50

Global Engine Group Holding Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
Quick Ratio Get a 7-Day Free Trial - 1.25 1.23 1.50 1.24

Competitive Comparison of Global Engine Group Holding's Quick Ratio

For the Information Technology Services subindustry, Global Engine Group Holding'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.


Global Engine Group Holding's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Global Engine Group Holding's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Global Engine Group Holding's Quick Ratio falls into.



Global Engine Group Holding 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.

Global Engine Group Holding's Quick Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Quick Ratio (A: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1.526-0)/1.016
=1.50

Global Engine Group Holding's Quick Ratio for the quarter that ended in Dec. 2022 is calculated as

Quick Ratio (Q: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3.125-0)/2.528
=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.


Global Engine Group Holding  (NAS:GLE) 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.


Global Engine Group Holding Quick Ratio Related Terms

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Global Engine Group Holding (Global Engine Group Holding) Business Description

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Address
Website
Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. It serves primarily as a holding company for its operating subsidiary, Global Engine Limited. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.

Global Engine Group Holding (Global Engine Group Holding) Headlines

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