FACB Industries Bhd has a quick ratio of 18.95. It generally indicates good short-term financial strength.
The historical rank and industry rank for FACB Industries Bhd's Quick Ratio or its related term are showing as below:
XKLS:2984'
s Quick Ratio Range Over the Past 10 Years
Min: 12.81 Med: 18.39 Max: 29.01
Current: 18.95
During the past 13 years, FACB Industries Bhd's highest Quick Ratio was 29.01. The lowest was 12.81. And the median was 18.39.
XKLS:2984's Quick Ratio is ranked better than 99.09% of 438
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.165
vs XKLS:2984: 18.95
FACB Industries Bhd Quick Ratio Historical Data
The historical data trend for FACB Industries 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.
Competitive Comparison of FACB Industries Bhd's Quick Ratio
For the Furnishings, Fixtures & Appliances subindustry, FACB Industries 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.
FACB Industries Bhd's Quick Ratio Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FACB Industries Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where FACB Industries Bhd'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.
FACB Industries Bhd's Quick Ratio for the fiscal year that ended in Jun. 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.
FACB Industries Bhd (XKLS:2984) 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.
FACB Industries Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of FACB Industries Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
FACB Industries Inc Bhd is an investment holding company. The company through its subsidiaries is in the manufacturing and sale of butt-weld fittings, mattresses, bedding related products and furniture and investments in China. The group comprises the following two reportable operating segments: Bedding; and Other operations. Bedding is involved in manufacturing and marketing of mattresses, bedding related products and furniture; and Other operations is an investment holding, provision of management and secretarial services and production and marketing of steam. The company generates maximum revenue from Bedding segment. Geographically, it operates in Asia (excluding Malaysia) and Malaysia, where Malaysia generates maximum revenue.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:2984 has been successfully added to your 