Hygeia Healthcare Holdings Co has a quick ratio of 0.91. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Hygeia Healthcare Holdings Co's Quick Ratio or its related term are showing as below:
HKSE:06078'
s Quick Ratio Range Over the Past 10 Years
Min: 0.36 Med: 1.34 Max: 10.22
Current: 0.91
During the past 7 years, Hygeia Healthcare Holdings Co's highest Quick Ratio was 10.22. The lowest was 0.36. And the median was 1.34.
HKSE:06078's Quick Ratio is ranked worse than 64.08% of 682
companies
in the Healthcare Providers & Services industry
Industry Median: 1.2
vs HKSE:06078: 0.91
Hygeia Healthcare Holdings Co 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 Hygeia Healthcare Holdings Co's Quick Ratio
For the Medical Care Facilities subindustry, Hygeia Healthcare Holdings Co'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.
Hygeia Healthcare Holdings Co's Quick Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Hygeia Healthcare Holdings Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Hygeia Healthcare Holdings Co's Quick Ratio falls into.
Hygeia Healthcare Holdings Co 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.
Hygeia Healthcare Holdings Co (HKSE:06078) 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.
Hygeia Healthcare Holdings Co Quick Ratio Related Terms
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Hygeia Healthcare Holdings Co (HKSE:06078) Business Description
Hygeia Healthcare Holdings Co Ltd is an oncology healthcare group in China. The company operates in three segments, namely Hospital Business, Radiotherapy Business, and Other Business. The company generates revenues by operating private for-profit hospitals it owns and provides a wide range of oncology healthcare services and other healthcare services; provision of radiotherapy center consulting services, licensing of its proprietary SRT equipment, and provision of maintenance and technical support services with its proprietary SRT equipment; and managing and operating, and receiving management fees from, private not-for-profit hospitals in which it holds organizer's interest. All of its revenues come from China.
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