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China Parenting Network Holdings (HKSE:01736) Quick Ratio : 0.59 (As of Dec. 2024)


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What is China Parenting Network Holdings 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. China Parenting Network Holdings's quick ratio for the quarter that ended in Dec. 2024 was 0.59.

China Parenting Network Holdings has a quick ratio of 0.59. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for China Parenting Network Holdings's Quick Ratio or its related term are showing as below:

HKSE:01736' s Quick Ratio Range Over the Past 10 Years
Min: 0.59   Med: 2.18   Max: 16.42
Current: 0.59

During the past 11 years, China Parenting Network Holdings's highest Quick Ratio was 16.42. The lowest was 0.59. And the median was 2.18.

HKSE:01736's Quick Ratio is ranked worse than
83.54% of 1051 companies
in the Media - Diversified industry
Industry Median: 1.43 vs HKSE:01736: 0.59

China Parenting Network Holdings Quick Ratio Historical Data

The historical data trend for China Parenting Network Holdings'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 Parenting Network Holdings Quick Ratio Chart

China Parenting Network Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 1.47 0.77 0.88 0.59

China Parenting Network Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Quick Ratio Get a 7-Day Free Trial 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 0.77 0.63 0.88 0.35 0.59

Competitive Comparison of China Parenting Network Holdings's Quick Ratio

For the Advertising Agencies subindustry, China Parenting Network Holdings'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 Parenting Network Holdings's Quick Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China Parenting Network Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where China Parenting Network Holdings's Quick Ratio falls into.


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China Parenting Network Holdings 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 Parenting Network Holdings's Quick Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Quick Ratio (A: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(31.508-0.017)/53.301
=0.59

China Parenting Network Holdings's Quick Ratio for the quarter that ended in Dec. 2024 is calculated as

Quick Ratio (Q: Dec. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(31.508-0.017)/53.301
=0.59

* 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 Parenting Network Holdings  (HKSE:01736) 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 Parenting Network Holdings Quick Ratio Related Terms

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China Parenting Network Holdings Business Description

Traded in Other Exchanges
N/A
Address
21 Andemen Avenue, Room 1001, 10th Floor, Wecan Technology Building, Yuhuatai District, Jiangsu Province, Nanjing, CHN
China Parenting Network Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the provision of marketing and promotional services through its platform, including CI Web, mobile CI Web, Mobile Application Software (APPs), and IPTV APPs; and e-commerce business in the People's Republic of China (the PRC). It has two segments Marketing and promotional services and the sale of goods. Its operations are located in Hong Kong and the PRC, of which it generates the majority of its revenue from the PRC.
Executives
Tatoy Maria Rachel Mai Decolongon 2101 Beneficial owner
Lee Yong Soon 2201 Interest of corporation controlled by you
Gan Kwang Lee 2202 Interest of your spouse
Cheng Li 2201 Interest of corporation controlled by you
Victory Glory Holdings Limited 2101 Beneficial owner
Prime Wish Holdings Limited 2101 Beneficial owner
Tan Chiu Lan, Francine 2101 Beneficial owner
Diligent Ally Private Limited 2101 Beneficial owner
Xi-f-ai Pte.ltd. 2101 Beneficial owner
Song Yuanyuan 2201 Interest of corporation controlled by you
Wu Saiya 2101 Beneficial owner
Li Juan 2201 Interest of corporation controlled by you
Wu Haiming 2202 Interest of your spouse
Prime Wish Holdings Limited 2101 Beneficial owner
Li Juan 2201 Interest of corporation controlled by you

China Parenting Network Holdings Headlines

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