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 National Building Material Co's quick ratio for the quarter that ended in Dec. 2023 was 0.72.
China National Building Material Co has a quick ratio of 0.72. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for China National Building Material Co's Quick Ratio or its related term are showing as below:
CBUMY'
s Quick Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.66 Max: 0.72
Current: 0.72
During the past 13 years, China National Building Material Co's highest Quick Ratio was 0.72. The lowest was 0.45. And the median was 0.66.
CBUMY's Quick Ratio is ranked worse than 68.04% of 388
companies
in the Building Materials industry
Industry Median: 0.965
vs CBUMY: 0.72
China National Building Material Co Quick Ratio Historical Data
The historical data trend for China National Building Material Co'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 National Building Material Co Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Quick Ratio
0.69
0.69
0.72
0.68
0.72
China National Building Material Co Semi-Annual Data
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Quick Ratio
0.72
0.69
0.68
0.75
0.72
Competitive Comparison
For the Building Materials subindustry, China National Building Material Co'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 National Building Material Co Quick Ratio Distribution
For the Building Materials industry and Basic Materials sector, China National Building Material Co's Quick Ratio distribution charts can be found below:
* The bar in red indicates where China National Building Material Co's Quick Ratio falls into.
China National Building Material Co 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 National Building Material Co's Quick Ratio for the fiscal year that ended in Dec. 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.
China National Building Material Co (OTCPK:CBUMY) 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 National Building Material Co Quick Ratio Related Terms
Thank you for viewing the detailed overview of China National Building Material Co's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China National Building Material Co (China National Building Material Co) Business Description
China National Building Material Co Ltd a state-owned building material holding company. Its reportable segments are Cement segment which includes production and sale of cement, Concrete segment includes Production and sale of concrete, New Materials segment comprises of Production and sale of glass fiber, composite and lightweight building materials, and Engineering Services includes Provision of engineering services to glass and cement manufacturers and equipment procurement, and others segment comprises Merchandise trading business and others. The company operates in China, Europe, Middle East, Southeast Asia, Oceania, Africa, the Americas, and other countries, out of which the majority of the revenue comes from china.
China National Building Material Co (China National Building Material Co) Headlines
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