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ZJLD Group (HKSE:06979) Quick Ratio : 1.34 (As of Dec. 2023)


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What is ZJLD Group Quick Ratio?

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. ZJLD Group's quick ratio for the quarter that ended in Dec. 2023 was 1.34.

ZJLD Group has a quick ratio of 1.34. It generally indicates good short-term financial strength.

The historical rank and industry rank for ZJLD Group's Quick Ratio or its related term are showing as below:

HKSE:06979' s Quick Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.54   Max: 1.34
Current: 1.34

During the past 4 years, ZJLD Group's highest Quick Ratio was 1.34. The lowest was 0.30. And the median was 0.54.

HKSE:06979's Quick Ratio is ranked better than
70.09% of 214 companies
in the Beverages - Alcoholic industry
Industry Median: 0.945 vs HKSE:06979: 1.34

ZJLD Group Quick Ratio Historical Data

The historical data trend for ZJLD 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.

* Premium members only.

ZJLD Group Quick Ratio Chart

ZJLD Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Quick Ratio
0.61 0.30 0.46 1.34

ZJLD Group Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Quick Ratio Get a 7-Day Free Trial 0.30 - 0.46 1.54 1.34

Competitive Comparison of ZJLD Group's Quick Ratio

For the Beverages - Wineries & Distilleries subindustry, ZJLD 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.


ZJLD Group's Quick Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, ZJLD Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where ZJLD Group's Quick Ratio falls into.



ZJLD Group 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.

ZJLD Group's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(14090.271-6982.115)/5307.904
=1.34

ZJLD Group's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(14090.271-6982.115)/5307.904
=1.34

* 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.


ZJLD Group  (HKSE:06979) 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.


ZJLD Group Quick Ratio Related Terms

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ZJLD Group (HKSE:06979) Business Description

Traded in Other Exchanges
Address
No.15 Baiqiao Avenue, 8th Floor, Jiahe Guoxin Building, Dongcheng District, Beijing, CHN
ZJLD Group Inc is a leading baijiu company in China devoted to offering premium baijiu products featuring a sauce aroma profile. The company aspires to carry forward a rich cultural heritage and turn every drop of aromatic baijiu into a joyful and memorable moment. Baijiu is China's national liquor and the world's most consumed liquor.
Executives
Wu Xiangdong 2201 Interest of corporation controlled by you
Jindong Investment Group Limited 2101 Beneficial owner
Jindong Investment Group Limited 2101 Beneficial owner
Zhenjiu Holding Limited 2101 Beneficial owner
Zhenjiu Holding Limited 2101 Beneficial owner
Kkr Afiv Zest Aiv (gp) Limited 2201 Interest of corporation controlled by you
Kkr Asian Fund Iv Zest Aiv L.p. 2201 Interest of corporation controlled by you
Maplesfs Limited 2301 Trustee
Zest Holdings I Pte. Ltd. 2201 Interest of corporation controlled by you
Zest Holdings Ii Pte. Ltd. 2101 Beneficial owner

ZJLD Group (HKSE:06979) Headlines

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