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. Golden Land Bhd's quick ratio for the quarter that ended in Sep. 2024 was 0.71.
Golden Land Bhd has a quick ratio of 0.71. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Golden Land Bhd's Quick Ratio or its related term are showing as below:
XKLS:7382'
s Quick Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.99 Max: 13.91
Current: 0.71
During the past 13 years, Golden Land Bhd's highest Quick Ratio was 13.91. The lowest was 0.35. And the median was 0.99.
XKLS:7382's Quick Ratio is ranked worse than 54.42% of 1799
companies
in the Real Estate industry
Industry Median: 0.81
vs XKLS:7382: 0.71
Golden Land Bhd Quick Ratio Historical Data
The historical data trend for Golden Land 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 Golden Land Bhd's Quick Ratio
For the Real Estate - Development subindustry, Golden Land 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.
Golden Land Bhd's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Golden Land Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Golden Land 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.
Golden Land 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.
Golden Land Bhd (XKLS:7382) 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.
Golden Land Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Golden Land Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Golden Land Bhd is an investment holding company. The company along with its subsidiaries, is engaged in the provision of general contract and civil works, property development and construction, cultivation of oil palm, investment holding, providing management services, and real estate management. Its reportable operating segments are Plantation, Property Development, and Others. A majority of its revenue is generated from the Property development segment which is engaged in residential, commercial, and mixed property development. Geographically, it derives its maximum revenue from Malaysia and the rest from Indonesia.
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