Phoenix Tree Holdings (Phoenix Tree Holdings) Quick Ratio : 0.36 (As of Mar. 2020)

View and export this data going back to 2020. Start your Free Trial

What is Phoenix Tree 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. Phoenix Tree Holdings's quick ratio for the quarter that ended in Mar. 2020 was 0.36.

Phoenix Tree Holdings has a quick ratio of 0.36. It indicates that the company cannot currently fully pay back its current liabilities.

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

DNK's Quick Ratio is not ranked ^*
in the Real Estate industry.
Industry Median: 0.81
* Ranked among companies with meaningful Quick Ratio only.

Phoenix Tree Holdings Quick Ratio Historical Data

The historical data trend for Phoenix Tree 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.

Phoenix Tree Holdings Quick Ratio Chart

Phoenix Tree Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Quick Ratio

0.41

0.69

0.37

Phoenix Tree Holdings Quarterly Data
	Dec17	Dec18	Mar19	Sep19	Dec19	Mar20
Quick Ratio	Get a 7-Day Free Trial			0.69	-	0.40	0.37	0.36

Competitive Comparison of Phoenix Tree Holdings's Quick Ratio

For the Real Estate Services subindustry, Phoenix Tree 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.

Phoenix Tree Holdings's Quick Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Phoenix Tree Holdings's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Phoenix Tree Holdings's Quick Ratio falls into.

Phoenix Tree 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.

Phoenix Tree Holdings's Quick Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Quick Ratio (A: Dec. 2019 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(422.762	-	0)	/	1129.612
	=	0.37

Phoenix Tree Holdings's Quick Ratio for the quarter that ended in Mar. 2020 is calculated as

Quick Ratio (Q: Mar. 2020 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(422.975	-	0)	/	1189.469
	=	0.36

Phoenix Tree Holdings (NYSE:DNK) 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.

Phoenix Tree Holdings Quick Ratio Related Terms

Thank you for viewing the detailed overview of Phoenix Tree Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Phoenix Tree Holdings (Phoenix Tree Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Phoenix Tree Holdings Ltd (NYSE:DNK) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chao Yang Men Nei Street, Room 212, Chao Yang Shou Fu, Dongcheng District, Beijing, CHN

Website

https://www.danke.com

Phoenix Tree Holdings Ltd is engaged in redefining the residential rental market through technology. It provides a solution to both property owners and renters in the residential rental market through its new rental business model. It centrally operate the apartments sourced from property owners and rent them out to residents. It standardizes the design, renovation, and furnishing of apartment units, and provides high-quality, reliable one-stop services. The company has no physical storefronts and operates the entire business process by technology to enable seamless online experience for both property owners and residents. It operates two branded products, Danke Apartment and Dream Apartment.