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. Jardine Matheson Holdings's quick ratio for the quarter that ended in Dec. 2023 was 0.70.
Jardine Matheson Holdings has a quick ratio of 0.70. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Jardine Matheson Holdings's Quick Ratio or its related term are showing as below:
JARLF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.03 Max: 1.17
Current: 0.7
During the past 13 years, Jardine Matheson Holdings's highest Quick Ratio was 1.17. The lowest was 0.70. And the median was 1.03.
JARLF's Quick Ratio is ranked worse than 79.14% of 532
companies
in the Conglomerates industry
Industry Median: 1.17
vs JARLF: 0.70
Jardine Matheson Holdings Quick Ratio Historical Data
The historical data trend for Jardine Matheson 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 Jardine Matheson Holdings's Quick Ratio
For the Conglomerates subindustry, Jardine Matheson 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.
Jardine Matheson Holdings's Quick Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Jardine Matheson Holdings's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Jardine Matheson Holdings's Quick Ratio falls into.
Jardine Matheson 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.
Jardine Matheson Holdings'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.
Jardine Matheson Holdings (OTCPK:JARLF) 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.
Jardine Matheson Holdings Quick Ratio Related Terms
Thank you for viewing the detailed overview of Jardine Matheson Holdings's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jardine Matheson Holdings (Jardine Matheson Holdings) Business Description
Jardine Matheson Holdings Ltd is a conglomerate of businesses operating primarily in Greater China and Southeast Asia. The affiliates offer products and services in motor vehicles and related operations, property investment and development, food retailing, home furnishing, engineering and construction, transport services, insurance broking, restaurants, luxury hotels, financial services, heavy equipment, mining, and agribusiness. In terms of net income, the largest businesses within the group are Hong Kong Land and Dairy Farm, which are property investment firms and food retailers, respectively.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
JARLF has been successfully added to your 