Wai Kee Holdings has a quick ratio of 1.15. It generally indicates good short-term financial strength.
The historical rank and industry rank for Wai Kee Holdings's Quick Ratio or its related term are showing as below:
HKSE:00610'
s Quick Ratio Range Over the Past 10 Years
Min: 1.02 Med: 1.16 Max: 1.34
Current: 1.15
During the past 13 years, Wai Kee Holdings's highest Quick Ratio was 1.34. The lowest was 1.02. And the median was 1.16.
HKSE:00610's Quick Ratio is ranked worse than 58.2% of 1713
companies
in the Construction industry
Industry Median: 1.27
vs HKSE:00610: 1.15
Wai Kee Holdings Quick Ratio Historical Data
The historical data trend for Wai Kee 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 Wai Kee Holdings's Quick Ratio
For the Engineering & Construction subindustry, Wai Kee 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.
Wai Kee Holdings's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Wai Kee Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Wai Kee Holdings's Quick Ratio falls into.
Wai Kee 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.
Wai Kee 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.
Wai Kee Holdings (HKSE:00610) 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.
Wai Kee Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Wai Kee Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Wai Kee Holdings Ltd is engaged in construction and material businesses. It operates through four business segments. The Construction, sewage treatment and steam fuel segment, which is the key revenue generating segment, is engaged in the construction of civil engineering and building projects and operation of sewage treatment plant and steam fuel plant. Construction Materials segment is engaged in the production and sales of concrete and asphalt. Quarrying segment is engaged in the production and sales of quarry products. Property development and investment, toll road, investment and asset management segment is engaged in the strategic investment in Road King, an associate of the Group. Its prime geographical areas of operation includes Hong Kong and China.
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