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Tian An Medicare (HKSE:00383) Quick Ratio : 1.03 (As of Jun. 2024)


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What is Tian An Medicare 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. Tian An Medicare's quick ratio for the quarter that ended in Jun. 2024 was 1.03.

Tian An Medicare has a quick ratio of 1.03. It generally indicates good short-term financial strength.

The historical rank and industry rank for Tian An Medicare's Quick Ratio or its related term are showing as below:

HKSE:00383' s Quick Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.81   Max: 1.4
Current: 1.03

During the past 13 years, Tian An Medicare's highest Quick Ratio was 1.40. The lowest was 0.62. And the median was 0.81.

HKSE:00383's Quick Ratio is ranked worse than
60.7% of 687 companies
in the Healthcare Providers & Services industry
Industry Median: 1.21 vs HKSE:00383: 1.03

Tian An Medicare Quick Ratio Historical Data

The historical data trend for Tian An Medicare'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.

Tian An Medicare Quick Ratio Chart

Tian An Medicare Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.73 0.62 0.64 0.92

Tian An Medicare Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 0.62 0.64 0.85 0.92 1.03

Competitive Comparison of Tian An Medicare's Quick Ratio

For the Medical Care Facilities subindustry, Tian An Medicare'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.


Tian An Medicare's Quick Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Tian An Medicare's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Tian An Medicare's Quick Ratio falls into.



Tian An Medicare 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.

Tian An Medicare'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
=(1360.768-307.188)/1144.872
=0.92

Tian An Medicare'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
=(1305.644-283.979)/996.215
=1.03

* 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.


Tian An Medicare  (HKSE:00383) 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.


Tian An Medicare Quick Ratio Related Terms

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Tian An Medicare Business Description

Traded in Other Exchanges
Address
333 Lockhart Road, 47th Floor, United Asia Finance Centre, Wanchai, Hong Kong, HKG
Tian An Medicare Ltd is an investment holding company and operator of integrated healthcare and eldercare services. Its main focus is on the investment, management and operations of healthcare and eldercare businesses, and the related property investment and development, and comprehensive spectrum of healthcare and eldercare services to customers in the People's Republic of China ("PRC") and Asia Pacific. The Group is also involved in businesses of securities trading and investment, and provision of financial services.
Executives
Allied Group Limited 2201 Interest of corporation controlled by you
Lee Seng Hui 2201 Interest of corporation controlled by you
Tian An China Investments Company Limited 2201 Interest of corporation controlled by you
Lee Su Hwei 2201 Interest of corporation controlled by you
Lee Seng Huang 2201 Interest of corporation controlled by you
China Spirit Limited 2201 Interest of corporation controlled by you
Vigor Online Offshore Limited 2101 Beneficial owner
Chong Sok Un 2201 Interest of corporation controlled by you
Resuccess Investments Limited 2201 Interest of corporation controlled by you
Tsinghua Tongfang Co., Ltd. 2201 Interest of corporation controlled by you
Cool Clouds Limited 2201 Interest of corporation controlled by you
Ming Tai Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Ding Moyan 2201 Interest of corporation controlled by you
Greatime Management Corp. 2201 Interest of corporation controlled by you
China Minsheng Investment Group Corp., Ltd. 2201 Interest of corporation controlled by you

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