Linocraft Holdings has a quick ratio of 0.00. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Linocraft Holdings's Quick Ratio or its related term are showing as below:
HKSE:08383'
s Quick Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.62 Max: 1.02
Current: 0.48
During the past 8 years, Linocraft Holdings's highest Quick Ratio was 1.02. The lowest was 0.48. And the median was 0.62.
HKSE:08383's Quick Ratio is not ranked
in the Packaging & Containers industry.
Industry Median: 1.19
vs HKSE:08383: 0.48
Linocraft Holdings Quick Ratio Historical Data
The historical data trend for Linocraft Holdings'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 Linocraft Holdings's Quick Ratio
For the Packaging & Containers subindustry, Linocraft Holdings'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.
Linocraft Holdings's Quick Ratio Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Linocraft Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Linocraft Holdings's Quick Ratio falls into.
Linocraft Holdings 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.
Linocraft Holdings's Quick Ratio for the fiscal year that ended in Aug. 2022 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.
Linocraft Holdings (HKSE:08383) 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.
Linocraft Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Linocraft Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Linocraft Holdings (HKSE:08383) Business Description
Linocraft Holdings Ltd is an integrated offset printing and packaging solutions provider. The Company operates in one reportable segment, being printing and manufacture of instruction manuals, insert, packaging products and printed paper labels. Its geographical segment includes Malaysia, Singapore, and Philippines. It provides a range of product, including packaging boxes, rigid boxes, paper-board inserts, instruction manuals and printed labels to direct customers and contract manufacturers of international renowned brands. It provides design and solution. Its technology includes prepress, press, post press and quality and testing. The Company serves various, including food and beverage, medical and cosmetic, electronic, and electrical and fast-moving consumer goods.
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