Kingston Financial Group (HKSE:01031) Quick Ratio : 2.00 (As of Sep. 2022)

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What is Kingston Financial Group 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. Kingston Financial Group's quick ratio for the quarter that ended in Sep. 2022 was 2.00.

Kingston Financial Group has a quick ratio of 2.00. It generally indicates good short-term financial strength.

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

HKSE:01031's Quick Ratio is not ranked ^*
in the Capital Markets industry.
Industry Median: 2.11
* Ranked among companies with meaningful Quick Ratio only.

Kingston Financial Group Quick Ratio Historical Data

The historical data trend for Kingston Financial Group'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.

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Kingston Financial Group Quick Ratio Chart

Kingston Financial Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Quick Ratio

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1.46

1.70

1.89

1.90

2.22

Kingston Financial Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Quick Ratio	Get a 7-Day Free Trial															1.73	1.90	2.08	2.22	2.00

Competitive Comparison of Kingston Financial Group's Quick Ratio

For the Capital Markets subindustry, Kingston Financial Group'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.

Kingston Financial Group's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Kingston Financial Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Kingston Financial Group's Quick Ratio falls into.

Kingston Financial Group 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.

Kingston Financial Group's Quick Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Quick Ratio (A: Mar. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(14787.152	-	1.763)	/	6657.548
	=	2.22

Kingston Financial Group's Quick Ratio for the quarter that ended in Sep. 2022 is calculated as

Quick Ratio (Q: Sep. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(16301.43	-	1.728)	/	8135.651
	=	2.00

Kingston Financial Group (HKSE:01031) 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.

Kingston Financial Group Quick Ratio Related Terms

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Kingston Financial Group (HKSE:01031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kingston Financial Group Ltd (HKSE:01031) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, 72th Floor, Central, Hong Kong, HKG

Website

https://www.kingston.com.hk

Kingston Financial Group Ltd is a financial services company operating primarily in Hong Kong and Macau. It provides a wide range of solutions, including securities brokerages, underwriting, and placements, margin and initial public offering financing, corporate finance advisory services, futures brokerages, and asset management services. The Group also provides gaming and hospitality services in Macau. Business activities for the group include undertaking the origination, structuring, and marketing of placements of equity and debt securities. Most of the company's diverse revenue mix comes increasingly from margin and IPO financing and secondarily from its security brokerage, underwriting, and placements segment.

Executives

Active Dynamic Limited	2101 Beneficial owner
Chu Yuet Wah

Kingston Financial Group (HKSE:01031) Headlines

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