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Jiade (JDZG) Quick Ratio : 9.66 (As of Jun. 2024)


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What is Jiade 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. Jiade's quick ratio for the quarter that ended in Jun. 2024 was 9.66.

Jiade has a quick ratio of 9.66. It generally indicates good short-term financial strength.

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

JDZG' s Quick Ratio Range Over the Past 10 Years
Min: 0.72   Med: 2.92   Max: 9.66
Current: 9.66

During the past 3 years, Jiade's highest Quick Ratio was 9.66. The lowest was 0.72. And the median was 2.92.

JDZG's Quick Ratio is ranked better than
96.35% of 2798 companies
in the Software industry
Industry Median: 1.66 vs JDZG: 9.66

Jiade Quick Ratio Historical Data

The historical data trend for Jiade'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.

Jiade Quick Ratio Chart

Jiade Annual Data
Trend Dec21 Dec22 Dec23
Quick Ratio
0.72 2.89 3.08

Jiade Quarterly Data
Dec21 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24
Quick Ratio Get a 7-Day Free Trial 2.89 - 2.92 3.08 9.66

Competitive Comparison of Jiade's Quick Ratio

For the Information Technology Services subindustry, Jiade'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.

Jiade's Quick Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Jiade's Quick Ratio distribution charts can be found below:

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


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Jiade 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.

Jiade'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
=(3.195-0)/1.038
=3.08

Jiade'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
=(10.063-0)/1.042
=9.66

* 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.

Jiade  (NAS:JDZG) 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.

Jiade Quick Ratio Related Terms

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Jiade Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Jiade Ltd (NAS:JDZG) » Definitions » Quick Ratio
Comparable Companies
JFU HWNI ARBB SUIC SAIH GEDC CYCU KSEZ DTST SEAV IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS CTSH TSE:6702 XMAD:AMS
Traded in Other Exchanges
N/A
Address
No. 1702 and 1706 Minjiang Road, Unit 2-02, Puningdun Business Plaza, Jinjiang District, Sichuan Province, Chengdu, CHN, 610000
Website
Jiade Ltd Ltd is engaged in providing one-stop comprehensive education supporting services to adult education institutions, through a wide range of software platforms and auxiliary solutions. The Group offers pre-enrollment guidance on school/selection and application development, training for entrance exams, and assistance in the application process. The Group also offers offline tutoring, exam administration services, guidance on graduation thesis, and social practice assistance in the People's Republic of China.