MCE Holdings Bhd has a quick ratio of 2.89. It generally indicates good short-term financial strength.
The historical rank and industry rank for MCE Holdings Bhd's Quick Ratio or its related term are showing as below:
XKLS:7004'
s Quick Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.51 Max: 2.89
Current: 2.89
During the past 13 years, MCE Holdings Bhd's highest Quick Ratio was 2.89. The lowest was 0.39. And the median was 1.51.
XKLS:7004's Quick Ratio is ranked better than 89.18% of 1322
companies
in the Vehicles & Parts industry
Industry Median: 1.05
vs XKLS:7004: 2.89
MCE Holdings Bhd Quick Ratio Historical Data
The historical data trend for MCE Holdings 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 MCE Holdings Bhd's Quick Ratio
For the Auto Parts subindustry, MCE Holdings 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.
MCE Holdings Bhd's Quick Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, MCE Holdings Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where MCE Holdings Bhd's Quick Ratio falls into.
MCE Holdings 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.
MCE Holdings Bhd's Quick Ratio for the fiscal year that ended in Jul. 2023 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.
MCE Holdings Bhd (XKLS:7004) 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.
MCE Holdings Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of MCE Holdings Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
MCE Holdings Bhd is engaged in the manufacturing and supply of automotive electronics and mechatronics parts. It operates in two segments namely, Automotive parts which comprise of manufacturing and trading of automotive parts which also contributes a major part of revenue, and the Healthcare services segment comprises various health care services. The company's product portfolio includes products like anti-theft and keyless entry systems, passive start and entry systems, immobilizer systems, parking sensors systems, microwave motion, ignition key set systems, as well as anti-hijack and related auto parts. Most of its revenue comes from the Malaysian market.
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