Dale Capital Group (XMAU:DCPL.N0000) Quick Ratio : 4.78 (As of Feb. 2022)

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What is Dale Capital Group 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. Dale Capital Group's quick ratio for the quarter that ended in Feb. 2022 was 4.78.

Dale Capital Group has a quick ratio of 4.78. It generally indicates good short-term financial strength.

The historical rank and industry rank for Dale Capital Group's Quick Ratio or its related term are showing as below:

XMAU:DCPL.N0000's Quick Ratio is not ranked ^*
in the Asset Management industry.
Industry Median: 2.8
* Ranked among companies with meaningful Quick Ratio only.

Dale Capital Group Quick Ratio Historical Data

The historical data trend for Dale Capital Group'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.

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Dale Capital Group Quick Ratio Chart

Dale Capital Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Quick Ratio

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2.97

2.94

5.16

4.78

1.58

Dale Capital Group Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	Feb23
Quick Ratio	Get a 7-Day Free Trial															3.87	3.77	3.69	4.78	1.58

Competitive Comparison of Dale Capital Group's Quick Ratio

For the Asset Management subindustry, Dale Capital Group'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.

Dale Capital Group's Quick Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Dale Capital Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Dale Capital Group's Quick Ratio falls into.

Dale Capital Group 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.

Dale Capital Group's Quick Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Quick Ratio (A: Feb. 2023 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(56.866	-	0)	/	35.92
	=	1.58

Dale Capital Group's Quick Ratio for the quarter that ended in Feb. 2022 is calculated as

Quick Ratio (Q: Feb. 2022 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(183.38	-	0)	/	38.346
	=	4.78

Dale Capital Group (XMAU:DCPL.N0000) 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.

Dale Capital Group Quick Ratio Related Terms

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Dale Capital Group (XMAU:DCPL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Dale Capital Group Ltd (XMAU:DCPL.N0000) » Definitions » Quick Ratio

Comparable Companies

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N/A

Address

C/O NWT Trust, 6/7th Floor, Dias Pier Building, Le Caudan Waterfront, Caudan, Port Louis, MUS, 11307

Website

https://www.dale-capital.com

Dale Capital Group Ltd is a private equity investment holding company. It invests with its own funds and also with the funds of partners and co-investors. Its focus is to invest within Sub-Saharan Africa region in renewable energy; African Infrastructure; agriculture, aquaculture and food security; property development; mining and resources; information technology; aviation; financial services; and tourism, hotels, and leisure. It operates through offices in Mauritius and South Africa. Its objective is to provide an adequate return to shareholders and to maintain a strong asset base to support the development of the business.

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