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. XMH Holdings's quick ratio for the quarter that ended in Apr. 2024 was 0.75.
XMH Holdings has a quick ratio of 0.75. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for XMH Holdings's Quick Ratio or its related term are showing as below:
SGX:BQF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.75 Med: 0.97 Max: 1.29
Current: 0.75
During the past 13 years, XMH Holdings's highest Quick Ratio was 1.29. The lowest was 0.75. And the median was 0.97.
SGX:BQF's Quick Ratio is ranked worse than 83.74% of 3025
companies
in the Industrial Products industry
Industry Median: 1.41
vs SGX:BQF: 0.75
XMH Holdings Quick Ratio Historical Data
The historical data trend for XMH 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 XMH Holdings's Quick Ratio
For the Specialty Industrial Machinery subindustry, XMH 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.
XMH Holdings's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, XMH Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where XMH Holdings's Quick Ratio falls into.
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.
XMH Holdings's Quick Ratio for the fiscal year that ended in Apr. 2024 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.
XMH Holdings (SGX:BQF) 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.
XMH Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of XMH Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
XMH Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is predominantly engaged as a diesel engine, propulsion, and power generating solutions provider to customers in the marine and industrial sectors across Asia. Its reportable segments are; Distribution, After-sales, and Project. The maximum revenue is generated from its Distribution segment which comprises distribution of propulsion engines. The After-sales segment relates to after-sales services provided which includes services/jobs, sales of spare parts, and other trading; and the Project segment relates to manufacturing, sales, and commission of power generator sets and the manufacturing of marine equipment and related repair services. Geographically, it derives key revenue from Indonesia.
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