GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minh Hai Export Frozen Seafood Processing JSC (HSTC:JOS) » Definitions » Quick Ratio

Minh Hai Export Frozen Seafood Processing JSC (HSTC:JOS) Quick Ratio : 0.00 (As of . 20)


View and export this data going back to 2017. Start your Free Trial

What is Minh Hai Export Frozen Seafood Processing 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. Minh Hai Export Frozen Seafood Processing JSC's quick ratio for the quarter that ended in . 20 was 0.00.

Minh Hai Export Frozen Seafood Processing JSC 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 Minh Hai Export Frozen Seafood Processing JSC's Quick Ratio or its related term are showing as below:

HSTC:JOS's Quick Ratio is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 1.07
* Ranked among companies with meaningful Quick Ratio only.

Minh Hai Export Frozen Seafood Processing JSC Quick Ratio Historical Data

The historical data trend for Minh Hai Export Frozen Seafood Processing 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.

Minh Hai Export Frozen Seafood Processing JSC Quick Ratio Chart

Minh Hai Export Frozen Seafood Processing JSC Annual Data
Trend
Quick Ratio

Minh Hai Export Frozen Seafood Processing JSC Semi-Annual Data
Quick Ratio

Competitive Comparison of Minh Hai Export Frozen Seafood Processing JSC's Quick Ratio

For the Packaged Foods subindustry, Minh Hai Export Frozen Seafood Processing 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.


Minh Hai Export Frozen Seafood Processing JSC's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minh Hai Export Frozen Seafood Processing JSC's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Minh Hai Export Frozen Seafood Processing JSC's Quick Ratio falls into.


;
;

Minh Hai Export Frozen Seafood Processing 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.

Minh Hai Export Frozen Seafood Processing JSC's Quick Ratio for the fiscal year that ended in . 20 is calculated as

Minh Hai Export Frozen Seafood Processing JSC'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.


Minh Hai Export Frozen Seafood Processing JSC  (HSTC:JOS) 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.


Minh Hai Export Frozen Seafood Processing JSC Quick Ratio Related Terms

Thank you for viewing the detailed overview of Minh Hai Export Frozen Seafood Processing JSC's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Minh Hai Export Frozen Seafood Processing JSC Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
N 09, Cao Thang Street, Ward 8, Ca Mau, VNM
Minh Hai Export Frozen Seafood Processing JSC is a shrimp processing company. Some of its products include Butterfly Black Tiger Shrimp, Hlso Black Tiger Shrimp, Cooked PDTO Black Tiger Shrimp, and PD Vannamei Shrimp. The company's markets include Korea, USA, EU, Japan, Singapore, Taiwan, Australia.

Minh Hai Export Frozen Seafood Processing JSC Headlines

No Headlines