Tsit Wing International Holdings has a quick ratio of 3.06. It generally indicates good short-term financial strength.
The historical rank and industry rank for Tsit Wing International Holdings's Quick Ratio or its related term are showing as below:
HKSE:02119'
s Quick Ratio Range Over the Past 10 Years
Min: 0.82 Med: 2.63 Max: 3.33
Current: 3.06
During the past 13 years, Tsit Wing International Holdings's highest Quick Ratio was 3.33. The lowest was 0.82. And the median was 2.63.
HKSE:02119's Quick Ratio is ranked better than 85.59% of 111
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.28
vs HKSE:02119: 3.06
Tsit Wing International Holdings 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.
* Premium members only.
Tsit Wing International Holdings Quick Ratio Chart
Competitive Comparison of Tsit Wing International Holdings's Quick Ratio
For the Beverages - Non-Alcoholic subindustry, Tsit Wing International 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.
Tsit Wing International Holdings's Quick Ratio Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Tsit Wing International Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Tsit Wing International Holdings's Quick Ratio falls into.
Tsit Wing International Holdings 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.
* 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.
Tsit Wing International Holdings (HKSE:02119) 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.
Tsit Wing International Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Tsit Wing International Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tsit Wing International Holdings (HKSE:02119) Business Description
Tsit Wing International Holdings Ltd is an investment holding company engaged in the processing and sale of coffee, tea, and complementary products, sale of frozen processed food, sale and rental of coffee and tea machines, and food and beverage store operation. It has two operating segments: Beverage Solutions and Food Products. It derives majority revenue from the Beverage segment that processes and distributes coffee, tea and related complementary products, sells food and beverages, coffee machines and other related products, operates food and beverage stores and leases coffee and tea machines. The Group offers frozen food to renowned brands under its frozen food brand Papa Chef. The company operates in Hong Kong, Mainland China, and other countries with majority revenue from Hongkong.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02119 has been successfully added to your 