Golden MV Holdings has a quick ratio of 2.61. It generally indicates good short-term financial strength.
The historical rank and industry rank for Golden MV Holdings's Quick Ratio or its related term are showing as below:
PHS:HVN'
s Quick Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.64 Max: 3.04
Current: 2.61
During the past 11 years, Golden MV Holdings's highest Quick Ratio was 3.04. The lowest was 0.70. And the median was 1.64.
PHS:HVN's Quick Ratio is ranked better than 82.24% of 1824
companies
in the Real Estate industry
Industry Median: 0.81
vs PHS:HVN: 2.61
Golden MV Holdings Quick Ratio Historical Data
The historical data trend for Golden MV Holdings'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.
Competitive Comparison of Golden MV Holdings's Quick Ratio
For the Real Estate - Development subindustry, Golden MV Holdings'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.
Golden MV Holdings's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Golden MV Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Golden MV Holdings's Quick Ratio falls into.
Golden MV Holdings 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.
Golden MV Holdings's Quick Ratio for the fiscal year that ended in Dec. 2023 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.
Golden MV Holdings (PHS:HVN) 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.
Golden MV Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Golden MV Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Golden MV Holdings Inc is a Philippines-based developer of memorial parks in the country in terms of the number of projects, overall sales, and land development. The Company develops, constructs, and operates columbarium and memorial chapel facilities, and is also engaged in the construction and development of residential projects in various places all over the Philippines. The company has two operating segments; the Residential segment pertains to the housing market segment of the group. It caters to the development and sale of residential houses and lots, subdivision lots, and condominium units, and The Deathcare segment pertains to the sale of memorial lots, interment income, and income from chapel services. The majority of its revenue is derived from the Residential segment.
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