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What is Modern Innovative Digital Technology Company Quick Ratio?
Modern Innovative Digital Technology CompanyHKSE:02322 +1.67% Quick Ratio is 9.15 as of Mar. 2026, which is 1% below its 10-year median of 9.25. The stock has 6 warning signs investors should review. Among 551 Conglomerates companies, Modern Innovative Digital Technology Company ranks better than 96.01% on this metric.
Modern Innovative Digital Technology Company (HKSE:02322) 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.
Modern Innovative Digital Technology Company Quick Ratio Related Terms
Modern Innovative Digital Technology Company 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.
Modern Innovative Digital Technology Company Quick Ratio Chart
Modern Innovative Digital Technology Company Annual Data
For the Conglomerates subindustry, Modern Innovative Digital Technology Company'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.
Modern Innovative Digital Technology Company Quick Ratio vs Conglomerates Industry
Modern Innovative Digital Technology Company 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.
Modern Innovative Digital Technology Company (HKSE:02322) has a Quick Ratio of 9.15 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Modern Innovative Digital Technology Company and its competitors. This is near median its historical median of 9.25. Over the past decade, Modern Innovative Digital Technology Company's Quick Ratio has ranged from 2.95 to 16.91. According to the industry distribution chart, Modern Innovative Digital Technology Company ranks #22 out of 551 companies in the Conglomerates industry, placing it in the top 4%.
Is Modern Innovative Digital Technology Company's Quick Ratio too high?
Modern Innovative Digital Technology Company's current Quick Ratio of 9.15 is near median its 10-year median of 9.25. Over the past 10 years, this metric has ranged from a low of 2.95 to a high of 16.91. The Conglomerates industry median Quick Ratio is 1.16. Modern Innovative Digital Technology Company's value of 9.15 is 688.8% above this industry median. Based on the distribution chart, Modern Innovative Digital Technology Company ranks #22 out of 551 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers.
How does Modern Innovative Digital Technology Company's Quick Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Modern Innovative Digital Technology Company ranks #22 out of 551 companies for Quick Ratio. This places Modern Innovative Digital Technology Company in the top 4% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.16. Modern Innovative Digital Technology Company's value of 9.15 is 688.8% above this benchmark. Historically, Modern Innovative Digital Technology Company's own Quick Ratio has ranged from 2.95 to 16.91 over the past decade. While the company's 10-year median is 9.25 vs. the industry median of 1.16, Modern Innovative Digital Technology Company has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Conglomerates company?
The median Quick Ratio among Conglomerates companies is 1.16, based on 551 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Modern Innovative Digital Technology Company's current Quick Ratio of 9.15 is 688.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Modern Innovative Digital Technology Company and its competitors. For the Conglomerates industry, the median Quick Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Innovative Digital Technology Company's current Quick Ratio is 9.15, which is near median its own 10-year median of 9.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Innovative Digital Technology Company stock overvalued right now?
Based on GuruFocus' analysis, Modern Innovative Digital Technology Company (HKSE:02322) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.06 — trading 66.1% below its estimated fair value. The current Quick Ratio is 9.15, which is near median its 10-year median of 9.25 and 688.8% above the Conglomerates industry median of 1.16. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Modern Innovative Digital Technology Company (HKSE:02322), the current Quick Ratio is 9.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Modern Innovative Digital Technology Company Ltd formerly, Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.
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