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. UBA Investments's quick ratio for the quarter that ended in Sep. 2023 was 843.39.
UBA Investments has a quick ratio of 843.39. It generally indicates good short-term financial strength.
The historical rank and industry rank for UBA Investments's Quick Ratio or its related term are showing as below:
HKSE:00768'
s Quick Ratio Range Over the Past 10 Years
Min: 17.83 Med: 399.48 Max: 3599.57
Current: 843.39
During the past 13 years, UBA Investments's highest Quick Ratio was 3599.57. The lowest was 17.83. And the median was 399.48.
HKSE:00768's Quick Ratio is ranked better than 99.13% of 687
companies
in the Asset Management industry
Industry Median: 2.95
vs HKSE:00768: 843.39
UBA Investments Quick Ratio Historical Data
The historical data trend for UBA Investments'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 UBA Investments's Quick Ratio
For the Asset Management subindustry, UBA Investments'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.
UBA Investments's Quick Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, UBA Investments's Quick Ratio distribution charts can be found below:
* The bar in red indicates where UBA Investments's Quick Ratio falls into.
UBA Investments 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.
UBA Investments's Quick Ratio for the fiscal year that ended in Mar. 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.
UBA Investments (HKSE:00768) 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.
UBA Investments Quick Ratio Related Terms
Thank you for viewing the detailed overview of UBA Investments's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
UBA Investments Ltd is an investment holding company. It is engaged in investments in a diversified portfolio of listed and unlisted securities. The company's investment portfolio comprises different sectors of businesses including banking, telecommunications, transportation, retail businesses, properties, manufacturing, construction, etc. The group's investment is to maximize profit for shareholders through investment in listed securities with relatively high yields and more stability. It derives revenue from investments in listed and unlisted securities in Hong Kong. the Group has only one single business segment.
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