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Bao Viet Securities JSC (HSTC:BVS) Quick Ratio : 1.55 (As of Jun. 2024)


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What is Bao Viet Securities JSC 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. Bao Viet Securities JSC's quick ratio for the quarter that ended in Jun. 2024 was 1.55.

Bao Viet Securities JSC has a quick ratio of 1.55. It generally indicates good short-term financial strength.

The historical rank and industry rank for Bao Viet Securities JSC's Quick Ratio or its related term are showing as below:

HSTC:BVS' s Quick Ratio Range Over the Past 10 Years
Min: 1.33   Med: 2.14   Max: 43.75
Current: 1.55

During the past 13 years, Bao Viet Securities JSC's highest Quick Ratio was 43.75. The lowest was 1.33. And the median was 2.14.

HSTC:BVS's Quick Ratio is ranked worse than
61.25% of 658 companies
in the Capital Markets industry
Industry Median: 1.99 vs HSTC:BVS: 1.55

Bao Viet Securities JSC Quick Ratio Historical Data

The historical data trend for Bao Viet Securities JSC'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.

Bao Viet Securities JSC Quick Ratio Chart

Bao Viet Securities JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.25 2.15 1.60 2.20 1.55

Bao Viet Securities JSC Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 1.77 1.89 1.55 1.49 1.55

Competitive Comparison of Bao Viet Securities JSC's Quick Ratio

For the Capital Markets subindustry, Bao Viet Securities JSC'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.


Bao Viet Securities JSC's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bao Viet Securities JSC's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Bao Viet Securities JSC's Quick Ratio falls into.



Bao Viet Securities JSC 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.

Bao Viet Securities JSC'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
=(5688297.541-34.509)/3669810.437
=1.55

Bao Viet Securities JSC'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
=(5991797.441-931.799)/3867830.321
=1.55

* 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.


Bao Viet Securities JSC  (HSTC:BVS) 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.


Bao Viet Securities JSC Quick Ratio Related Terms

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Bao Viet Securities JSC Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Le Thai To, Hoan Kiem District, Hanoi, VNM
Bao Viet Securities JSC provides brokerage service, custodian service, proprietary trading, underwriting, corporate finance, and investment advisory service. It provides professional fiscal and investment services to domestic and foreign individuals and institutions, investment funds and banks.