What is Bosideng International 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. Bosideng International Holdings's quick ratio for the quarter that ended in Sep. 2023 was 1.47.
Bosideng International Holdings has a quick ratio of 1.47. It generally indicates good short-term financial strength.
The historical rank and industry rank for Bosideng International Holdings's Quick Ratio or its related term are showing as below:
HKSE:03998'
s Quick Ratio Range Over the Past 10 Years
Min: 1.46 Med: 1.88 Max: 2.78
Current: 1.47
During the past 13 years, Bosideng International Holdings's highest Quick Ratio was 2.78. The lowest was 1.46. And the median was 1.88.
HKSE:03998's Quick Ratio is ranked better than 66.57% of 1083
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.02
vs HKSE:03998: 1.47
Bosideng International Holdings Quick Ratio Historical Data
The historical data trend for Bosideng International 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.
Competitive Comparison of Bosideng International Holdings's Quick Ratio
For the Apparel Manufacturing subindustry, Bosideng International 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.
Bosideng International Holdings's Quick Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bosideng International Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bosideng International Holdings's Quick Ratio falls into.
Bosideng International 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.
Bosideng International Holdings's Quick Ratio for the fiscal year that ended in Mar. 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.
Bosideng International Holdings (HKSE:03998) 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.
Bosideng International Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Bosideng International Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bosideng International Holdings (HKSE:03998) Business Description
Bosideng International Holdings Ltd is an integrated clothing group in China. It mainly engaged in design, manufacture and sales of down apparel products including research, raw materials procurement, outsourced manufacturing, marketing and distribution of branded down apparel products, original equipment manufacturing products and non-down apparel products. The group operates its business in four segments namely Down apparels, OEM management, Ladieswear apparels, and Diversified apparels. It generates a majority of revenue from the Down apparels segment which carries on the business of sourcing and distributing branded down apparels. The group's down apparel brands include Bosideng, Snow Flying, and Bengen, among others.
Bosideng International Holdings (HKSE:03998) Headlines
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