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HAHA (Harden Technologies) Quick Ratio : 1.20 (As of Jun. 2023)


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What is Harden Technologies 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. Harden Technologies's quick ratio for the quarter that ended in Jun. 2023 was 1.20.

Harden Technologies has a quick ratio of 1.20. It generally indicates good short-term financial strength.

The historical rank and industry rank for Harden Technologies's Quick Ratio or its related term are showing as below:

HAHA's Quick Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 1.39
* Ranked among companies with meaningful Quick Ratio only.

Harden Technologies Quick Ratio Historical Data

The historical data trend for Harden Technologies'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.

Harden Technologies Quick Ratio Chart

Harden Technologies Annual Data
Trend Dec20 Dec21 Dec22
Quick Ratio
0.96 0.97 1.08

Harden Technologies Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Quick Ratio Get a 7-Day Free Trial - 0.97 0.89 1.08 1.20

Competitive Comparison of Harden Technologies's Quick Ratio

For the Specialty Industrial Machinery subindustry, Harden Technologies'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.


Harden Technologies's Quick Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harden Technologies's Quick Ratio distribution charts can be found below:

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



Harden Technologies 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.

Harden Technologies's Quick Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Quick Ratio (A: Dec. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(21.529-7.602)/12.864
=1.08

Harden Technologies's Quick Ratio for the quarter that ended in Jun. 2023 is calculated as

Quick Ratio (Q: Jun. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(22.034-7.171)/12.395
=1.20

* 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.


Harden Technologies  (BATS:HAHA) 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.


Harden Technologies Quick Ratio Related Terms

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Harden Technologies Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400
Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

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