MHC Plantations Bhd has a quick ratio of 2.22. It generally indicates good short-term financial strength.
The historical rank and industry rank for MHC Plantations Bhd's Quick Ratio or its related term are showing as below:
XKLS:5026'
s Quick Ratio Range Over the Past 10 Years
Min: 0.52 Med: 0.72 Max: 3
Current: 2.22
During the past 13 years, MHC Plantations Bhd's highest Quick Ratio was 3.00. The lowest was 0.52. And the median was 0.72.
XKLS:5026's Quick Ratio is ranked better than 78.28% of 1915
companies
in the Consumer Packaged Goods industry
Industry Median: 1.1
vs XKLS:5026: 2.22
MHC Plantations Bhd Quick Ratio Historical Data
The historical data trend for MHC Plantations 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 MHC Plantations Bhd's Quick Ratio
For the Farm Products subindustry, MHC Plantations 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.
MHC Plantations Bhd's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, MHC Plantations Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where MHC Plantations 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.
MHC Plantations Bhd's Quick Ratio for the fiscal year that ended in Dec. 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.
MHC Plantations Bhd (XKLS:5026) 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.
MHC Plantations Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of MHC Plantations Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
MHC Plantations Bhd along with its subsidiaries is involved in the cultivation of oil palm, the operation of the quarry, milling, and sales of oil palm products, letting of oil palm collection center, investment holding, power generation, and property development. It operates in segments that include Plantation; which cultivates oil palm, Oil Mill; which mills and sells oil palm products, Power Plant; which generates power and sell biomass by-products. The Other Segment refers to the extraction and sale of earth stones, operation of a hotel and Others. The Oil Mill Segment generates maximum revenue for the company.
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