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China Medical & HealthCare Group (HKSE:00383) Quick Ratio

: 0.85 (As of Jun. 2023)
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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. China Medical & HealthCare Group's quick ratio for the quarter that ended in Jun. 2023 was 0.85.

China Medical & HealthCare Group has a quick ratio of 0.85. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for China Medical & HealthCare Group's Quick Ratio or its related term are showing as below:

HKSE:00383' s Quick Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.81   Max: 1.4
Current: 0.85

During the past 13 years, China Medical & HealthCare Group's highest Quick Ratio was 1.40. The lowest was 0.62. And the median was 0.81.

HKSE:00383's Quick Ratio is ranked worse than
65.82% of 667 companies
in the Healthcare Providers & Services industry
Industry Median: 1.21 vs HKSE:00383: 0.85

China Medical & HealthCare Group Quick Ratio Historical Data

The historical data trend for China Medical & HealthCare 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.

* Premium members only.

China Medical & HealthCare Group Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec20 Dec21 Dec22
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.70 0.73 0.62 0.64

China Medical & HealthCare Group Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.62 0.62 0.64 0.85

Competitive Comparison

For the Medical Care Facilities subindustry, China Medical & HealthCare 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.


China Medical & HealthCare Group Quick Ratio Distribution

For the Healthcare Providers & Services industry and Healthcare sector, China Medical & HealthCare Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where China Medical & HealthCare Group's Quick Ratio falls into.



China Medical & HealthCare 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.

China Medical & HealthCare Group's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1033.433-312.607)/1130.718
=0.64

China Medical & HealthCare Group's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1276.106-291.315)/1155.261
=0.85

* 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.


China Medical & HealthCare Group  (HKSE:00383) 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.


China Medical & HealthCare Group Quick Ratio Related Terms

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China Medical & HealthCare Group (HKSE:00383) Business Description

Traded in Other Exchanges
Address
333 Lockhart Road, 47th Floor, United Asia Finance Centre, Wanchai, Hong Kong, HKG
China Medical & HealthCare Group Ltd is a healthcare company operating hospitals. Its main focus is on the investment, management, and operations of healthcare and hospital businesses, eldercare businesses, trading of medical equipment and related supplies, property investment and development, securities trading and investments, provision of financial services, and strategic investment. It operates through the following business segments: Healthcare, Eldercare; Property development; Property investment; Financial services; and Securities trading and investments. The firm generates the majority of revenue from the Healthcare segment that is engaged in the operations of hospitals in the PRC.

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