Legion Consortium has a quick ratio of 3.99. It generally indicates good short-term financial strength.
The historical rank and industry rank for Legion Consortium's Quick Ratio or its related term are showing as below:
HKSE:02129'
s Quick Ratio Range Over the Past 10 Years
Min: 2.7 Med: 3.6 Max: 5.36
Current: 3.99
During the past 7 years, Legion Consortium's highest Quick Ratio was 5.36. The lowest was 2.70. And the median was 3.60.
HKSE:02129's Quick Ratio is ranked better than 89.88% of 968
companies
in the Transportation industry
Industry Median: 1.295
vs HKSE:02129: 3.99
Legion Consortium Quick Ratio Historical Data
The historical data trend for Legion Consortium'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 Legion Consortium's Quick Ratio
For the Trucking subindustry, Legion Consortium'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.
Legion Consortium's Quick Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Legion Consortium's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Legion Consortium's Quick Ratio falls into.
Legion Consortium 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.
Legion Consortium'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.
Legion Consortium (HKSE:02129) 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.
Legion Consortium Quick Ratio Related Terms
Thank you for viewing the detailed overview of Legion Consortium's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Legion Consortium Ltd is a logistics service provider in Singapore offering trucking, freight forwarding, and value-added transport services to customers. Trucking services refer to the haulage, mainly containers, between seaports and/or customers' designated pick-up and/or delivery points. Freight forwarding services refer to the one-stop solution whereby it organizes the shipment for customers to get their goods from the origin to the final point of distribution. Value-added transport services refer to open-yard storage services, stuffing and unstuffing services, and trucking services for the haulage, mainly containers, between its logistics yards and its customer's designated pick-up and/or delivery points.
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