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. CSC Holdings's quick ratio for the quarter that ended in Dec. 2023 was 51.32.
CSC Holdings has a quick ratio of 51.32. It generally indicates good short-term financial strength.
The historical rank and industry rank for CSC Holdings's Quick Ratio or its related term are showing as below:
HKSE:00235'
s Quick Ratio Range Over the Past 10 Years
Min: 1.84 Med: 9.13 Max: 94.23
Current: 51.32
During the past 13 years, CSC Holdings's highest Quick Ratio was 94.23. The lowest was 1.84. And the median was 9.13.
HKSE:00235's Quick Ratio is ranked better than 90.03% of 662
companies
in the Capital Markets industry
Industry Median: 2.065
vs HKSE:00235: 51.32
CSC Holdings Quick Ratio Historical Data
The historical data trend for CSC 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.
Competitive Comparison of CSC Holdings's Quick Ratio
For the Capital Markets subindustry, CSC 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.
CSC Holdings's Quick Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, CSC Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where CSC Holdings's Quick Ratio falls into.
CSC Holdings 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.
CSC 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.
CSC Holdings (HKSE:00235) 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.
CSC Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of CSC Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CSC Holdings Ltd conducts operations through its subsidiaries. The company's core businesses consist of investment in securities, which generates dividend income and other income; the trading business, which includes trading of metal minerals and electronic components; the money-lending business, which generates interest income and arrangement fees; and Securities brokerage includes dealing in securities activities. The company generates its revenue from the trading business. It conducts operations in the People's Republic of China and Hong Kong, with the revenue generated from Hong Kong.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00235 has been successfully added to your 