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Mercury Securities Group Bhd (XKLS:0285) Quick Ratio : 11.77 (As of Oct. 2023)


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What is Mercury Securities Group Bhd 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. Mercury Securities Group Bhd's quick ratio for the quarter that ended in Oct. 2023 was 11.77.

Mercury Securities Group Bhd has a quick ratio of 11.77. It generally indicates good short-term financial strength.

The historical rank and industry rank for Mercury Securities Group Bhd's Quick Ratio or its related term are showing as below:

XKLS:0285' s Quick Ratio Range Over the Past 10 Years
Min: 2.44   Med: 6.18   Max: 11.77
Current: 11.77

During the past 5 years, Mercury Securities Group Bhd's highest Quick Ratio was 11.77. The lowest was 2.44. And the median was 6.18.

XKLS:0285's Quick Ratio is ranked better than
81.14% of 668 companies
in the Capital Markets industry
Industry Median: 1.995 vs XKLS:0285: 11.77

Mercury Securities Group Bhd Quick Ratio Historical Data

The historical data trend for Mercury Securities Group Bhd'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.

Mercury Securities Group Bhd Quick Ratio Chart

Mercury Securities Group Bhd Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Oct23
Quick Ratio
3.71 2.44 6.28 6.18 11.77

Mercury Securities Group Bhd Semi-Annual Data
Oct19 Oct20 Oct21 Apr22 Oct22 Apr23 Oct23
Quick Ratio Get a 7-Day Free Trial 6.28 - 6.18 11.09 11.77

Competitive Comparison of Mercury Securities Group Bhd's Quick Ratio

For the Capital Markets subindustry, Mercury Securities Group Bhd'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.


Mercury Securities Group Bhd's Quick Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Mercury Securities Group Bhd's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Mercury Securities Group Bhd's Quick Ratio falls into.



Mercury Securities Group Bhd 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.

Mercury Securities Group Bhd's Quick Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Quick Ratio (A: Oct. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(160.459-0)/13.638
=11.77

Mercury Securities Group Bhd's Quick Ratio for the quarter that ended in Oct. 2023 is calculated as

Quick Ratio (Q: Oct. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(160.459-0)/13.638
=11.77

* 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.


Mercury Securities Group Bhd  (XKLS:0285) 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.


Mercury Securities Group Bhd Quick Ratio Related Terms

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Mercury Securities Group Bhd (XKLS:0285) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Jalan Solaris, L-7-2, Solaris Mont Kiara, Kuala Lumpur, MYS, 50480
Mercury Securities Group Bhd is an investment holding company and through its subsidiaries, It is principally engaged in stockbroking, corporate finance advisory and other related businesses as well as the provision of nominee and custodian services. Mercury provides stockbroking services comprising execution of trades of securities listed on Bursa Securities and foreign stock exchanges mainly in Singapore, Hong Kong and the USA, as well as margin financing facility services, nominees, custodians and related services. It is also licensed by the Securities Commission Malaysia to undertake regulated corporate finance activities as a Principal or Independent Advisor.

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