Techbase Industries Bhd has a quick ratio of 3.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Techbase Industries Bhd's Quick Ratio or its related term are showing as below:
XKLS:8966'
s Quick Ratio Range Over the Past 10 Years
Min: 1.32 Med: 2.39 Max: 4.26
Current: 3.45
During the past 13 years, Techbase Industries Bhd's highest Quick Ratio was 4.26. The lowest was 1.32. And the median was 2.39.
XKLS:8966's Quick Ratio is ranked better than 86.96% of 1081
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.06
vs XKLS:8966: 3.45
Techbase Industries Bhd Quick Ratio Historical Data
* 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 Techbase Industries Bhd's Quick Ratio
For the Apparel Manufacturing subindustry, Techbase Industries 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.
Techbase Industries Bhd's Quick Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Techbase Industries Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Techbase Industries Bhd's Quick Ratio falls into.
Techbase Industries 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.
Techbase Industries 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.
Techbase Industries Bhd (XKLS:8966) 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.
Techbase Industries Bhd Quick Ratio Related Terms
Thank you for viewing the detailed overview of Techbase Industries Bhd's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Techbase Industries Bhd (XKLS:8966) Business Description
Prolexus Bhd is engaged in investment holding and the provision of management services. The company's business segments are Apparel, which includes the manufacturing of apparel and provision of apparel manufacturing services; Textile segment which includes the manufacturing of textiles and provision of textile manufacturing services; Advertising, which is engaged in the provision of advertising services on multimedia boards, and Others, which includes investment holding, property investment, provision of management services and provision of agency services. The company generates the maximum of its revenue from the apparel segment. Its primary geographic markets are Malaysia, the United States of America which generates maximum revenue, European countries, Asia, and other countries.
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