GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tin Nghia Corp (HSTC:TID) » Definitions » Quick Ratio

Tin Nghia (HSTC:TID) Quick Ratio : 1.10 (As of Sep. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Tin Nghia 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. Tin Nghia's quick ratio for the quarter that ended in Sep. 2024 was 1.10.

Tin Nghia has a quick ratio of 1.10. It generally indicates good short-term financial strength.

The historical rank and industry rank for Tin Nghia's Quick Ratio or its related term are showing as below:

HSTC:TID' s Quick Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.04   Max: 1.12
Current: 1.1

During the past 4 years, Tin Nghia's highest Quick Ratio was 1.12. The lowest was 0.84. And the median was 1.04.

HSTC:TID's Quick Ratio is ranked worse than
53.01% of 581 companies
in the Conglomerates industry
Industry Median: 1.16 vs HSTC:TID: 1.10

Tin Nghia Quick Ratio Historical Data

The historical data trend for Tin Nghia'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.

Tin Nghia Quick Ratio Chart

Tin Nghia Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Quick Ratio
0.84 1.10 1.10 1.12

Tin Nghia Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.12 1.12 0.94 1.04 1.10

Competitive Comparison of Tin Nghia's Quick Ratio

For the Conglomerates subindustry, Tin Nghia'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.


Tin Nghia's Quick Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tin Nghia's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Tin Nghia's Quick Ratio falls into.


;
;

Tin Nghia 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.

Tin Nghia'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
=(3681160.123-335813.612)/2988219.647
=1.12

Tin Nghia's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3834841.667-192041.978)/3309012.479
=1.10

* 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.


Tin Nghia  (HSTC:TID) 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.


Tin Nghia Quick Ratio Related Terms

Thank you for viewing the detailed overview of Tin Nghia's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tin Nghia Business Description

Traded in Other Exchanges
N/A
Address
96 Ha Huy Giap, Quyet Thang Ward, Dong Nai Province, Bien Hoa, VNM
Tin Nghia Corp is an investment holding company. The company's business activities include Infrastructure business in Industrial Park; Petroleum business; Processing and exporting agricultural products; Warehousing, port, logistics services business, and others.

Tin Nghia Headlines

No Headlines