* 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 Coolpoint Innonism Holding's Quick Ratio
For the Consulting Services subindustry, Coolpoint Innonism Holding'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.
Coolpoint Innonism Holding's Quick Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Coolpoint Innonism Holding's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Coolpoint Innonism Holding's Quick Ratio falls into.
Coolpoint Innonism Holding 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.
Coolpoint Innonism Holding (HKSE:08040) 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.
Coolpoint Innonism Holding Quick Ratio Related Terms
Thank you for viewing the detailed overview of Coolpoint Innonism Holding's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Coolpoint Innonism Holding (HKSE:08040) Business Description
Coolpoint Innonism Holding Ltd is principally engaged in the provision of fitting-out, Nano-AM application services and renovation services in Hong Kong. The fitting-out and renovation services of the Group mainly include the provision of interior fitting-out and renovation services for different types of premises in the private sector, including residential apartments and residential dwellings, show flats, clubhouses, sale offices, public areas in residential and commercial buildings, office, shopping malls and shops in Hong Kong. Nano-Am application services include refers to the provision and application of nanophotocatalytic antifouling materials (the "Nano-AM") on various types of repairs and maintenance work for yachts.
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