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Greenland Hong Kong Holdings (HKSE:00337) Quick Ratio : 0.24 (As of Jun. 2024)


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What is Greenland Hong Kong Holdings 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. Greenland Hong Kong Holdings's quick ratio for the quarter that ended in Jun. 2024 was 0.24.

Greenland Hong Kong Holdings has a quick ratio of 0.24. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Greenland Hong Kong Holdings's Quick Ratio or its related term are showing as below:

HKSE:00337' s Quick Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.38   Max: 0.57
Current: 0.24

During the past 13 years, Greenland Hong Kong Holdings's highest Quick Ratio was 0.57. The lowest was 0.24. And the median was 0.38.

HKSE:00337's Quick Ratio is ranked worse than
84.47% of 1809 companies
in the Real Estate industry
Industry Median: 0.82 vs HKSE:00337: 0.24

Greenland Hong Kong Holdings Quick Ratio Historical Data

The historical data trend for Greenland Hong Kong 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.

Greenland Hong Kong Holdings Quick Ratio Chart

Greenland Hong Kong Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.32 0.32 0.28 0.28

Greenland Hong Kong Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.28 0.28 0.26 0.28 0.24

Competitive Comparison of Greenland Hong Kong Holdings's Quick Ratio

For the Real Estate - Development subindustry, Greenland Hong Kong 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.


Greenland Hong Kong Holdings's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Greenland Hong Kong Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Greenland Hong Kong Holdings's Quick Ratio falls into.



Greenland Hong Kong 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.

Greenland Hong Kong Holdings's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(118807.256-88570.399)/108882.069
=0.28

Greenland Hong Kong Holdings's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(112779.483-86505.758)/107595.432
=0.24

* 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.


Greenland Hong Kong Holdings  (HKSE:00337) 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.


Greenland Hong Kong Holdings Quick Ratio Related Terms

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Greenland Hong Kong Holdings Business Description

Traded in Other Exchanges
Address
No. 193, Xiehe Road, Changning District, Shanghai, CHN
Greenland Hong Kong Holdings Ltd is a real estate development company that operates in China and has a presence in several countries internationally. The Group has four reportable segments, Sales of properties; Lease of properties; Hotel and related services; and Property management and other services. The majority is from the Sales of properties segment which includes the development and sales of residential properties. Geographically, the Group mainly operates in the PRC.
Executives
Hsbc International Trustee Limited 2301 Trustee
Wang Xuling 2305 Beneficiary of a trust
Brilliant Bright Investment Limited 2201 Interest of corporation controlled by you
Wang Weixian 2307 Founder of a discretionary trust who can infl
Spg Investment Holdings Ltd 2101 Beneficial owner
Reach Top Holding Limited 2201 Interest of corporation controlled by you

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