Ta Win Holdings Bhd has a quick ratio of 0.91. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Ta Win Holdings Bhd's Quick Ratio or its related term are showing as below:
XKLS:7097'
s Quick Ratio Range Over the Past 10 Years
Min: 0.59 Med: 1.05 Max: 2.5
Current: 0.91
During the past 13 years, Ta Win Holdings Bhd's highest Quick Ratio was 2.50. The lowest was 0.59. And the median was 1.05.
XKLS:7097's Quick Ratio is ranked worse than 74.03% of 3019
companies
in the Industrial Products industry
Industry Median: 1.4
vs XKLS:7097: 0.91
Ta Win Holdings Bhd Quick Ratio Historical Data
The historical data trend for Ta Win 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 Ta Win Holdings Bhd's Quick Ratio
For the Electrical Equipment & Parts subindustry, Ta Win 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.
Ta Win Holdings Bhd's Quick Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ta Win Holdings Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Ta Win Holdings Bhd's Quick Ratio falls into.
Ta Win 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.
Ta Win Holdings 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.
Ta Win Holdings Bhd (XKLS:7097) 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.
Ta Win Holdings Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Ta Win Holdings Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ta Win Holdings Bhd is an investment holding company. Along with its subsidiaries, the company's reportable segments are; Copper product, Cable and wire, Investment holding, Wire harness and power code, and Warehouse and logistic. Maximum revenue is derived from its copper products segment engaged in the sales of copper wire and rod. The Cable and wire segment manufactures cable and wire using irradiation technology and ionising treatment. The Wire harness and power code segment manufactures and supplies electronic and electrical products, and the Warehouse and logistic segment provides public bonded warehousing and logistic services. Geographically, the company derives its key revenue from Malaysia and the rest from Korea, Brunei, Hong Kong, Vietnam, China, and other regions.
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