Hailiang Education Group (Hailiang Education Group) Quick Ratio : 0.83 (As of Jun. 2021)

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What is Hailiang Education 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. Hailiang Education Group's quick ratio for the quarter that ended in Jun. 2021 was 0.83.

Hailiang Education Group has a quick ratio of 0.83. It indicates that the company cannot currently fully pay back its current liabilities.

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

HLG's Quick Ratio is not ranked ^*
in the Education industry.
Industry Median: 1.26
* Ranked among companies with meaningful Quick Ratio only.

Hailiang Education Group Quick Ratio Historical Data

The historical data trend for Hailiang Education 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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Hailiang Education Group Quick Ratio Chart

Hailiang Education Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Quick Ratio

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1.99

2.05

2.20

2.00

0.83

Hailiang Education Group Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Quick Ratio	Get a 7-Day Free Trial															2.00	1.44	1.40	1.60	0.83

Competitive Comparison of Hailiang Education Group's Quick Ratio

For the Education & Training Services subindustry, Hailiang Education 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.

Hailiang Education Group's Quick Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Hailiang Education Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Hailiang Education Group's Quick Ratio falls into.

Hailiang Education 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.

Hailiang Education Group's Quick Ratio for the fiscal year that ended in Jun. 2021 is calculated as

Quick Ratio (A: Jun. 2021 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(132.249	-	0)	/	158.527
	=	0.83

Hailiang Education Group's Quick Ratio for the quarter that ended in Jun. 2021 is calculated as

Quick Ratio (Q: Jun. 2021 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(132.249	-	0)	/	158.527
	=	0.83

Hailiang Education Group (NAS:HLG) 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.

Hailiang Education Group Quick Ratio Related Terms

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Hailiang Education Group (Hailiang Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Hailiang Education Group Inc (NAS:HLG) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1508 Binsheng Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hailiangeducation.com

Hailiang Education Group Inc provides educational services in China. It offers basic educational and international programs for kindergarten, primary, middle, and high school levels. The company educates students according to their aptitudes, devoting to improve students study ability, cultural accomplishments, and international perspectives. Multilingual teaching is available in Hailiang Education, including Chinese, English, Spanish, Japanese, Korean, and French. Its operating segment includes K-12 educational and management services; Educational training services and others. The company generates maximum revenue from the K-12 educational and management services segment.