Evergreen Products Group has a quick ratio of 0.63. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Evergreen Products Group's Quick Ratio or its related term are showing as below:
HKSE:01962'
s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.6 Max: 0.74
Current: 0.63
During the past 10 years, Evergreen Products Group's highest Quick Ratio was 0.74. The lowest was 0.50. And the median was 0.60.
HKSE:01962's Quick Ratio is ranked worse than 74.74% of 1916
companies
in the Consumer Packaged Goods industry
Industry Median: 1.05
vs HKSE:01962: 0.63
Evergreen Products Group Quick Ratio Historical Data
* 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 Evergreen Products Group's Quick Ratio
For the Household & Personal Products subindustry, Evergreen Products 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.
Evergreen Products Group's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Evergreen Products Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Evergreen Products Group's Quick Ratio falls into.
Evergreen Products 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.
Evergreen Products Group'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.
Evergreen Products Group (HKSE:01962) 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.
Evergreen Products Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of Evergreen Products Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Evergreen Products Group (HKSE:01962) Business Description
Evergreen Products Group Ltd is a manufacturer of hair goods. The group designs, manufacture and sell a wide range of hair goods made with synthetic fibers and human hair, including wigs, hairpieces, braids, and high-end human hair extensions. It boasts a comprehensive product portfolio targeted at different ethnic groups and the Halloween market. Its geographical segments are the United States, China, Bangladesh, United Kingdom, Japan, Germany, and others, of which the majority of its revenue comes from Bangladesh.
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