Kin Pang Holdings has a quick ratio of 1.29. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kin Pang Holdings's Quick Ratio or its related term are showing as below:
HKSE:01722'
s Quick Ratio Range Over the Past 10 Years
Min: 1.13 Med: 1.94 Max: 5.16
Current: 1.13
During the past 11 years, Kin Pang Holdings's highest Quick Ratio was 5.16. The lowest was 1.13. And the median was 1.94.
HKSE:01722's Quick Ratio is ranked worse than 58.77% of 1739
companies
in the Construction industry
Industry Median: 1.29
vs HKSE:01722: 1.13
Kin Pang Holdings Quick Ratio Historical Data
The historical data trend for Kin Pang 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 Kin Pang Holdings's Quick Ratio
For the Engineering & Construction subindustry, Kin Pang 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.
Kin Pang Holdings's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Kin Pang Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kin Pang Holdings's Quick Ratio falls into.
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.
Kin Pang 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.
Kin Pang Holdings (HKSE:01722) 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.
Kin Pang Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Kin Pang Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kin Pang Holdings Ltd is an integrated construction company that provides building and ancillary services to hotel and casino resorts, property developers, infrastructures of electricity and water supply, and public amenities and utilities (such as carriageways, footpaths, drains, and sewers). The company operates in a single business segment which is the building and ancillary services segment, and represents the firm's revenue generated from foundation-associated works, hard landscaping, alteration, and addition works, road works, water pipe works, electrical and mechanical works, and other ancillary building works. Geographically, the company derives key revenue from Macau and the rest from Hong Kong.
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