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JTF International Holdings (HKSE:09689) Quick Ratio : 5.07 (As of Jun. 2024)


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What is JTF International Holdings 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. JTF International Holdings's quick ratio for the quarter that ended in Jun. 2024 was 5.07.

JTF International Holdings has a quick ratio of 5.07. It generally indicates good short-term financial strength.

The historical rank and industry rank for JTF International Holdings's Quick Ratio or its related term are showing as below:

HKSE:09689' s Quick Ratio Range Over the Past 10 Years
Min: 0.65   Med: 4.21   Max: 10.05
Current: 5.07

During the past 9 years, JTF International Holdings's highest Quick Ratio was 10.05. The lowest was 0.65. And the median was 4.21.

HKSE:09689's Quick Ratio is ranked better than
88.85% of 1049 companies
in the Oil & Gas industry
Industry Median: 1.14 vs HKSE:09689: 5.07

JTF International Holdings Quick Ratio Historical Data

The historical data trend for JTF International 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.

* Premium members only.

JTF International Holdings Quick Ratio Chart

JTF International Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only 5.49 7.69 2.79 6.89 10.05

JTF International Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Jun24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.89 - 5.63 10.05 5.07

Competitive Comparison of JTF International Holdings's Quick Ratio

For the Oil & Gas Refining & Marketing subindustry, JTF International 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.


JTF International Holdings's Quick Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, JTF International Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where JTF International Holdings's Quick Ratio falls into.



JTF International 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.

JTF International Holdings'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
=(516.557-63.765)/45.059
=10.05

JTF International Holdings's Quick Ratio for the quarter that ended in Jun. 2024 is calculated as

Quick Ratio (Q: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(536.628-168.357)/72.683
=5.07

* 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.


JTF International Holdings  (HKSE:09689) 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.


JTF International Holdings Quick Ratio Related Terms

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JTF International Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 35, Yanjiang Road, Shazhuang Tujiang Village, Shitan Town, Zengcheng District, Guangdong Province, Guangzhou, CHN
JTF International Holdings Ltd is an investment holding company. It is engaged in the blending and sale of fuel oil, refined oil, and other petrochemicals in China. Its products are used as fuels in marine vessels, vehicles, & machinery equipment, for retail sale at gas stations, and as raw materials for oil refineries. It generates the majority of its revenue from the sale of refined oil and rest of the revenue is derived from other petrochemical products and fuel oil.
Executives
Xu Yayi 2201 Interest of corporation controlled by you
Kang Shi Tou Zi You Xian Gong Si 2101 Beneficial owner
Huang Sizhen 2202 Interest of your spouse
Xu Ziming 2201 Interest of corporation controlled by you
Choi Sio Peng 2201 Interest of corporation controlled by you
Xing Ming You Xian Gong Si 2101 Beneficial owner

JTF International Holdings Headlines

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