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. HPC Holdings's quick ratio for the quarter that ended in Oct. 2024 was 1.66.
HPC Holdings has a quick ratio of 1.66. It generally indicates good short-term financial strength.
The historical rank and industry rank for HPC Holdings's Quick Ratio or its related term are showing as below:
HKSE:01742'
s Quick Ratio Range Over the Past 10 Years
Min: 1.39 Med: 1.95 Max: 2.65
Current: 1.66
During the past 10 years, HPC Holdings's highest Quick Ratio was 2.65. The lowest was 1.39. And the median was 1.95.
HKSE:01742's Quick Ratio is ranked better than 67.36% of 1740
companies
in the Construction industry
Industry Median: 1.28
vs HKSE:01742: 1.66
HPC Holdings Quick Ratio Historical Data
The historical data trend for HPC 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 HPC Holdings's Quick Ratio
For the Engineering & Construction subindustry, HPC 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.
HPC Holdings's Quick Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, HPC Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where HPC 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.
HPC Holdings's Quick Ratio for the fiscal year that ended in Oct. 2024 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.
HPC Holdings (HKSE:01742) 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.
HPC Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of HPC Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
HPC Holdings Ltd is a Singapore-based investment holding company. The Company operates through two segments: General building construction and Civil engineering. The General building construction segment relates to the design and building projects of warehouses and other industrial or commercial buildings. The Civil engineering segment relates to the construction of public infrastructures, such as train stations, tunnels, railways and expressways. Its contractor works are related to designing and building projects for commercial and industrial buildings, such as logistics and warehouse facilities, offices, workshops and carparks and nursing homes. The Company provides construction works as both a main contractor and subcontractor to both the public and private sectors in Singapore.
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