New Media Lab (HKSE:01284) Quick Ratio : 5.37 (As of Jun. 2024)

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What is New Media Lab 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. New Media Lab's quick ratio for the quarter that ended in Jun. 2024 was 5.37.

New Media Lab has a quick ratio of 5.37. It generally indicates good short-term financial strength.

The historical rank and industry rank for New Media Lab's Quick Ratio or its related term are showing as below:

HKSE:01284' s Quick Ratio Range Over the Past 10 Years
Min: 1.09 Med: 1.9 Max: 5.88
Current: 5.37

During the past 4 years, New Media Lab's highest Quick Ratio was 5.88. The lowest was 1.09. And the median was 1.90.

HKSE:01284's Quick Ratio is ranked better than
91.8% of 1049 companies
in the Media - Diversified industry
Industry Median: 1.46 vs HKSE:01284: 5.37

New Media Lab Quick Ratio Historical Data

The historical data trend for New Media Lab'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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New Media Lab Quick Ratio Chart

New Media Lab Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Quick Ratio

1.88

1.09

1.70

5.88

New Media Lab Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Quick Ratio	Get a 7-Day Free Trial			-	1.70	1.91	5.88	5.37

Competitive Comparison of New Media Lab's Quick Ratio

For the Advertising Agencies subindustry, New Media Lab'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.

New Media Lab's Quick Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, New Media Lab's Quick Ratio distribution charts can be found below:

* The bar in red indicates where New Media Lab's Quick Ratio falls into.

New Media Lab 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.

New Media Lab'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
	=	(212.736	-	0)	/	36.205
	=	5.88

New Media Lab'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
	=	(218.463	-	0)	/	40.709
	=	5.37

New Media Lab (HKSE:01284) 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.

New Media Lab Quick Ratio Related Terms

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New Media Lab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » New Media Lab Ltd (HKSE:01284) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Hoi Bun Road, 8 Floor, Tower 1, The Quayside, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.newmedialab.com.hk

New Media Lab Ltd is a digital media company, providing integrated advertising solutions to advertisers ranging from multi-national brand owners, and advertising agencies to SMEs through its Digital Media Platforms. The company produces and distributes content on diverse areas of interest under its different and popular media brands.

Executives

Albert Yeung Holdings Limited	2201 Interest of corporation controlled by you
First Trust Services Ag	2301 Trustee
New Media Lab Group Holdings Limited	2101 Beneficial owner
Double Blossoms Limited	2101 Beneficial owner
Double Fantastic Group Limited	2101 Beneficial owner
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Lee Yat Pui, Royce	2201 Interest of corporation controlled by you
Lee Lan Kiu	2201 Interest of corporation controlled by you
Yau Yi Ping	2202 Interest of your spouse

New Media Lab Headlines

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