The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. AustAsia Group's quick ratio for the quarter that ended in Jun. 2024 was 0.21.
AustAsia Group has a quick ratio of 0.21. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for AustAsia Group's Quick Ratio or its related term are showing as below:
HKSE:02425'
s Quick Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.41 Max: 0.53
Current: 0.22
During the past 6 years, AustAsia Group's highest Quick Ratio was 0.53. The lowest was 0.21. And the median was 0.41.
HKSE:02425's Quick Ratio is ranked worse than 94.83% of 1915
companies
in the Consumer Packaged Goods industry
Industry Median: 1.09
vs HKSE:02425: 0.22
AustAsia Group Quick Ratio Historical Data
The historical data trend for AustAsia Group'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 AustAsia Group's Quick Ratio
For the Farm Products subindustry, AustAsia 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.
AustAsia Group's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, AustAsia Group's Quick Ratio distribution charts can be found below:
* The bar in red indicates where AustAsia Group'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.
AustAsia 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.
AustAsia Group (HKSE:02425) 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.
AustAsia Group Quick Ratio Related Terms
Thank you for viewing the detailed overview of AustAsia Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AustAsia Group Ltd is an investment holding company. Along with its subsidiaries, it is mainly engaged in the production and sales of raw milk, beef cattle, and feed products, and distribution and sales of milk products in the People's Republic of China. The company's reportable operating segments are; the raw milk business for the production and sales of raw milk; the beef cattle business for raising and sales of beef cattle; and the ancillary business for sales of milk products, feed products, and others. Maximum revenue for the company is generated from its Raw milk segment. Geographically, the company derives its revenue from Mainland China.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02425 has been successfully added to your 