Mah Sing Group Bhd has a quick ratio of 1.26. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mah Sing Group Bhd's Quick Ratio or its related term are showing as below:
XKLS:8583'
s Quick Ratio Range Over the Past 10 Years
Min: 1 Med: 1.45 Max: 1.78
Current: 1.26
During the past 13 years, Mah Sing Group Bhd's highest Quick Ratio was 1.78. The lowest was 1.00. And the median was 1.45.
XKLS:8583's Quick Ratio is ranked better than 64.23% of 1795
companies
in the Real Estate industry
Industry Median: 0.81
vs XKLS:8583: 1.26
Mah Sing Group Bhd Quick Ratio Historical Data
The historical data trend for Mah Sing Group Bhd'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 Mah Sing Group Bhd's Quick Ratio
For the Real Estate - Development subindustry, Mah Sing Group Bhd'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.
Mah Sing Group Bhd's Quick Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Mah Sing Group Bhd's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mah Sing Group Bhd's Quick Ratio falls into.
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.
Mah Sing Group Bhd's Quick Ratio for the fiscal year that ended in Dec. 2024 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.
Mah Sing Group Bhd (XKLS:8583) 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.
Mah Sing Group Bhd Quick Ratio Related Terms
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Mah Sing Group Bhd is a Malaysia-based company that is mainly engaged in three segments: Property, Manufacturing, and Investment Holding and others. The Property segment, which accounts for the majority of the company's revenue, invests in and develops residential, commercial, and industrial properties. The Manufacturing segment manufactures and trades a range of plastic molded products and gloves. The Investment holding and others segment is engaged in the provision of management and property support services, construction of residential properties, provision of hospitality management services, and trading of building materials. Geographically, it derives maximum revenue from Malaysia, followed by Indonesia, Singapore, Thailand, Philippines, United States, Australia, and other countries.
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