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Interfood Shareholding Co (HSTC:IFS) Quick Ratio : 0.00 (As of . 20)


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What is Interfood Shareholding Co 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. Interfood Shareholding Co's quick ratio for the quarter that ended in . 20 was 0.00.

Interfood Shareholding Co 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 Interfood Shareholding Co's Quick Ratio or its related term are showing as below:

HSTC:IFS's Quick Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.06
* Ranked among companies with meaningful Quick Ratio only.

Interfood Shareholding Co Quick Ratio Historical Data

The historical data trend for Interfood Shareholding Co'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.

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Interfood Shareholding Co Quick Ratio Chart

Interfood Shareholding Co Annual Data
Trend
Quick Ratio

Interfood Shareholding Co Semi-Annual Data
Quick Ratio

Competitive Comparison of Interfood Shareholding Co's Quick Ratio

For the Packaged Foods subindustry, Interfood Shareholding Co'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.


Interfood Shareholding Co's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Interfood Shareholding Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Interfood Shareholding Co's Quick Ratio falls into.


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Interfood Shareholding Co 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.

Interfood Shareholding Co's Quick Ratio for the fiscal year that ended in . 20 is calculated as

Interfood Shareholding Co's Quick Ratio for the quarter that ended in . 20 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.


Interfood Shareholding Co  (HSTC:IFS) 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.


Interfood Shareholding Co Quick Ratio Related Terms

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Interfood Shareholding Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Lot 13 Tam Phuoc Industrial Zone, Tam Phuoc Ward, Bien Hoa City, Dong Nai, VNM
Interfood Shareholding Co processes agricultural and aquatic products into canned, dried, frozen, salted, and pickled products; the production of biscuits and snack food; carbonated and non-carbonated fruit juice, non-carbonated and carbonated beverages, with or without low levels of alcohol bottled filtered water; packaging for foods and beverages; to process milk and milk related products; and to export, import products in accordance with business operation.