* 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.
Competitive Comparison of Hunter Maritime Acquisition's Quick Ratio
For the Credit Services subindustry, Hunter Maritime Acquisition'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.
Hunter Maritime Acquisition's Quick Ratio Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Hunter Maritime Acquisition's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Hunter Maritime Acquisition's Quick Ratio falls into.
Hunter Maritime Acquisition 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.
* 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.
Hunter Maritime Acquisition (OTCPK:HUNTF) 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.
Hunter Maritime Acquisition Quick Ratio Related Terms
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Hunter Maritime Acquisition (Hunter Maritime Acquisition) Business Description
Hunter Maritime Acquisition Corp is a fintech company in China, primarily focused on connecting investors and borrowers, providing multi-scenario investment analysis to platform users to meet their diversified investment needs, and building an ecosystem in the field of internet finance. It also provide technical support for borrowers when they announce their financing needs. It operates an online marketplace under the brand name of Wangxin Puhui through its subsidiary Beijing Oriental. The company generate revenues primarily from transaction and service fees, and sales commission fees charged for the its services. It also charge investor service fees for using its smart matching tool or investment reservation tool.
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