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OKH Global (SGX:S3N) Quick Ratio : 0.81 (As of Jun. 2024)


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What is OKH Global 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. OKH Global's quick ratio for the quarter that ended in Jun. 2024 was 0.81.

OKH Global has a quick ratio of 0.81. It indicates that the company cannot currently fully pay back its current liabilities.

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

SGX:S3N' s Quick Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.48   Max: 1.87
Current: 0.81

During the past 13 years, OKH Global's highest Quick Ratio was 1.87. The lowest was 0.16. And the median was 0.48.

SGX:S3N's Quick Ratio is ranked worse than
50.36% of 1809 companies
in the Real Estate industry
Industry Median: 0.82 vs SGX:S3N: 0.81

OKH Global Quick Ratio Historical Data

The historical data trend for OKH Global'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.

OKH Global Quick Ratio Chart

OKH Global Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.16 0.61 1.87 0.81

OKH Global Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 1.48 1.87 1.24 0.81

Competitive Comparison of OKH Global's Quick Ratio

For the Real Estate Services subindustry, OKH Global'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.


OKH Global's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, OKH Global's Quick Ratio distribution charts can be found below:

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



OKH Global 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.

OKH Global's Quick Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Quick Ratio (A: Jun. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(41.035-0)/50.941
=0.81

OKH Global'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
=(41.035-0)/50.941
=0.81

* 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.


OKH Global  (SGX:S3N) 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.


OKH Global Quick Ratio Related Terms

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OKH Global Business Description

Traded in Other Exchanges
N/A
Address
171 Chin Swee Road, No. 02-01, CES Centre, Singapore, SGP, 169877
OKH Global Ltd is an investment holding company. The company's operating segment includes Construction services; Property development and Property investment. It generates maximum revenue from the Property investment segment. The Property Investment segment is engaged in the leasing of investment properties to generate rental income. Its Construction services segment provides general builders and construction contractors, general engineering and sale of construction materials. Geographically, it has a presence in Singapore.

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