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Henex Quick Ratio

: 63.02 (As of Jun. 2013)
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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. Henex's quick ratio for the quarter that ended in Jun. 2013 was 63.02.

Henex has a quick ratio of 63.02. It generally indicates good short-term financial strength.


Henex Quick Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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Henex Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12
Quick Ratio 3.45 0.12 0.09 0.31 0.14

Henex Semi-Annual Data
Dec11 Jun12 Dec12 Jun13
Quick Ratio 0.31 0.28 0.14 63.02

Competitive Comparison
* 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.


Henex Quick Ratio Distribution

* The bar in red indicates where Henex's Quick Ratio falls into.



Henex 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.

Henex's Quick Ratio for the fiscal year that ended in Dec. 2012 is calculated as

Quick Ratio (A: Dec. 2012 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(0.101-0)/0.713
=0.14

Henex's Quick Ratio for the quarter that ended in Jun. 2013 is calculated as

Quick Ratio (Q: Jun. 2013 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(59.931-0)/0.951
=63.02

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Henex  (XBRU:HENX) 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.


Henex Quick Ratio Related Terms


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