Kato (Hong Kong) Holdings has a quick ratio of 1.01. It generally indicates good short-term financial strength.
The historical rank and industry rank for Kato (Hong Kong) Holdings's Quick Ratio or its related term are showing as below:
HKSE:02189'
s Quick Ratio Range Over the Past 10 Years
Min: 0.82 Med: 1.54 Max: 6.08
Current: 1.01
During the past 9 years, Kato (Hong Kong) Holdings's highest Quick Ratio was 6.08. The lowest was 0.82. And the median was 1.54.
HKSE:02189's Quick Ratio is ranked worse than 61.25% of 689
companies
in the Healthcare Providers & Services industry
Industry Median: 1.22
vs HKSE:02189: 1.01
Kato (Hong Kong) 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.
Competitive Comparison of Kato (Hong Kong) Holdings's Quick Ratio
For the Medical Care Facilities subindustry, Kato (Hong Kong) 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.
Kato (Hong Kong) Holdings's Quick Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Kato (Hong Kong) Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Kato (Hong Kong) 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.
Kato (Hong Kong) Holdings's Quick Ratio for the fiscal year that ended in Mar. 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.
Kato (Hong Kong) Holdings (HKSE:02189) 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.
Kato (Hong Kong) Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Kato (Hong Kong) Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kato (Hong Kong) Holdings Ltd is an established operator of residential care homes and daycare services for the elderly in Hong Kong. The company offers a wide range of residential care services for the elderly including; the provision of accommodation, professional nursing and care-taking services, nutritional management, medical services, physiotherapy and occupational therapy services, individual care plans and recreational services; and the sale of healthcare and medical goods and the provision of add-on healthcare services to residents.
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