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MKH OIL PALM (EAST KALIMANTAN) Bhd (XKLS:5319) Quick Ratio : 5.77 (As of Dec. 2024)


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What is MKH OIL PALM (EAST KALIMANTAN) 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. MKH OIL PALM (EAST KALIMANTAN) Bhd's quick ratio for the quarter that ended in Dec. 2024 was 5.77.

MKH OIL PALM (EAST KALIMANTAN) Bhd has a quick ratio of 5.77. It generally indicates good short-term financial strength.

The historical rank and industry rank for MKH OIL PALM (EAST KALIMANTAN) Bhd's Quick Ratio or its related term are showing as below:

XKLS:5319' s Quick Ratio Range Over the Past 10 Years
Min: 0.39   Med: 1.22   Max: 7.64
Current: 5.77

During the past 5 years, MKH OIL PALM (EAST KALIMANTAN) Bhd's highest Quick Ratio was 7.64. The lowest was 0.39. And the median was 1.22.

XKLS:5319's Quick Ratio is ranked better than
93.68% of 1916 companies
in the Consumer Packaged Goods industry
Industry Median: 1.1 vs XKLS:5319: 5.77

MKH OIL PALM (EAST KALIMANTAN) Bhd Quick Ratio Historical Data

The historical data trend for MKH OIL PALM (EAST KALIMANTAN) 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.

MKH OIL PALM (EAST KALIMANTAN) Bhd Quick Ratio Chart

MKH OIL PALM (EAST KALIMANTAN) Bhd Annual Data
Trend Sep20 Sep21 Sep22 Sep23 Sep24
Quick Ratio
0.39 0.50 0.43 1.22 7.64

MKH OIL PALM (EAST KALIMANTAN) Bhd Quarterly Data
Sep20 Sep21 Sep22 Sep23 Jun24 Sep24 Dec24
Quick Ratio Get a 7-Day Free Trial 0.43 1.22 6.31 7.64 5.77

Competitive Comparison of MKH OIL PALM (EAST KALIMANTAN) Bhd's Quick Ratio

For the Farm Products subindustry, MKH OIL PALM (EAST KALIMANTAN) 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.


MKH OIL PALM (EAST KALIMANTAN) Bhd's Quick Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MKH OIL PALM (EAST KALIMANTAN) Bhd's Quick Ratio distribution charts can be found below:

* The bar in red indicates where MKH OIL PALM (EAST KALIMANTAN) Bhd's Quick Ratio falls into.


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MKH OIL PALM (EAST KALIMANTAN) 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.

MKH OIL PALM (EAST KALIMANTAN) Bhd's Quick Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Quick Ratio (A: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(290.557-44.519)/32.216
=7.64

MKH OIL PALM (EAST KALIMANTAN) Bhd's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(321.724-60.578)/45.276
=5.77

* 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.


MKH OIL PALM (EAST KALIMANTAN) Bhd  (XKLS:5319) 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.


MKH OIL PALM (EAST KALIMANTAN) Bhd Quick Ratio Related Terms

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MKH OIL PALM (EAST KALIMANTAN) Bhd Business Description

Traded in Other Exchanges
N/A
Address
Jalan Semenyih, G-02 & G-03, Ground Floor, Wisma MKH, Kajang, SGR, MYS, 43000
MKH OIL PALM (EAST KALIMANTAN) Bhd is a investment holding and management services company. Through its subsidiaries, it is principally involved in the cultivation of oil palm and the production and sale of Crude Palm Oil (CPO), Palm Kernel (PK), and Crude Palm Kernel Oil (CPKO). The company's reportable operating segments are Plantation and Investment holding. A majority of its revenue is generated from the Plantation segment which is engaged in oil palm cultivation. Geographically, it derives maximum revenue from the Republic of Indonesia.

MKH OIL PALM (EAST KALIMANTAN) Bhd Headlines

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