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Yunnan Chihong Zinc & Germanium Co (SHSE:600497) Quick Ratio : 0.38 (As of Sep. 2024)


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What is Yunnan Chihong Zinc & Germanium Co 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. Yunnan Chihong Zinc & Germanium Co's quick ratio for the quarter that ended in Sep. 2024 was 0.38.

Yunnan Chihong Zinc & Germanium Co has a quick ratio of 0.38. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Yunnan Chihong Zinc & Germanium Co's Quick Ratio or its related term are showing as below:

SHSE:600497' s Quick Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.22   Max: 0.47
Current: 0.38

During the past 13 years, Yunnan Chihong Zinc & Germanium Co's highest Quick Ratio was 0.47. The lowest was 0.12. And the median was 0.22.

SHSE:600497's Quick Ratio is ranked worse than
78.15% of 2654 companies
in the Metals & Mining industry
Industry Median: 1.52 vs SHSE:600497: 0.38

Yunnan Chihong Zinc & Germanium Co Quick Ratio Historical Data

The historical data trend for Yunnan Chihong Zinc & Germanium Co'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.

Yunnan Chihong Zinc & Germanium Co Quick Ratio Chart

Yunnan Chihong Zinc & Germanium Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.17 0.25 0.34 0.44

Yunnan Chihong Zinc & Germanium Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.33 0.44 0.44 0.39 0.38

Competitive Comparison of Yunnan Chihong Zinc & Germanium Co's Quick Ratio

For the Other Industrial Metals & Mining subindustry, Yunnan Chihong Zinc & Germanium Co'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.


Yunnan Chihong Zinc & Germanium Co's Quick Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Yunnan Chihong Zinc & Germanium Co's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Yunnan Chihong Zinc & Germanium Co's Quick Ratio falls into.



Yunnan Chihong Zinc & Germanium Co 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.

Yunnan Chihong Zinc & Germanium Co'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
=(3442.129-1600.621)/4198.4
=0.44

Yunnan Chihong Zinc & Germanium Co's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3300.739-1351.883)/5154.153
=0.38

* 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.


Yunnan Chihong Zinc & Germanium Co  (SHSE:600497) 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.


Yunnan Chihong Zinc & Germanium Co Quick Ratio Related Terms

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Yunnan Chihong Zinc & Germanium Co Business Description

Traded in Other Exchanges
N/A
Address
Xuefu Road, Qujing Economic and Technological Development Zone, Yunnan Province, Qujing, CHN, 655011
Yunnan Chihong Zinc & Germanium Co Ltd is a China-based company engaged in the beneficiation and smelting of non-ferrous metals. The company's main products include zinc products, lead products, sulfuric acid, silver ingots, sulfur concentrates, gold, lead concentrates, zinc concentrates, coal, electrolytic copper products, germanium concentrates, copper concentrates and electrolytic nickel products.
Executives
Shen Li Jun Director
Wang Xiao Qiang senior management
Sun Yong Director
Chen Qing Director
Ceng Pu Hai senior management
He Ji Yong Supervisors
Jia Zhu Hong senior management
Li Chang Yun senior management
Li Wen Gang senior management
Wang Feng Director
Chai Zheng Long senior management
Zhu Jin Yu Director
Tian Yong Director
Sun Cheng Yu Director
Zhang Zi Yi Supervisors

Yunnan Chihong Zinc & Germanium Co Headlines

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