GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zhibao Technology Inc (NAS:ZBAO) » Definitions » Quick Ratio

ZBAO (Zhibao Technology) Quick Ratio : 1.01 (As of Dec. 2023)


View and export this data going back to 2024. Start your Free Trial

What is Zhibao Technology 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. Zhibao Technology's quick ratio for the quarter that ended in Dec. 2023 was 1.01.

Zhibao Technology has a quick ratio of 1.01. It generally indicates good short-term financial strength.

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

ZBAO' s Quick Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.05   Max: 1.21
Current: 1.01

During the past 2 years, Zhibao Technology's highest Quick Ratio was 1.21. The lowest was 0.79. And the median was 1.05.

ZBAO's Quick Ratio is ranked worse than
88.89% of 63 companies
in the Insurance industry
Industry Median: 1.63 vs ZBAO: 1.01

Zhibao Technology Quick Ratio Historical Data

The historical data trend for Zhibao Technology'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.

Zhibao Technology Quick Ratio Chart

Zhibao Technology Annual Data
Trend Jun21 Jun22
Quick Ratio
0.79 1.10

Zhibao Technology Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Quick Ratio Get a 7-Day Free Trial - 1.10 1.05 1.21 1.01

Competitive Comparison of Zhibao Technology's Quick Ratio

For the Insurance Brokers subindustry, Zhibao Technology'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.


Zhibao Technology's Quick Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Zhibao Technology's Quick Ratio distribution charts can be found below:

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



Zhibao Technology 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.

Zhibao Technology's Quick Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Quick Ratio (A: Jun. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(12.578-0)/11.421
=1.10

Zhibao Technology's Quick Ratio for the quarter that ended in Dec. 2023 is calculated as

Quick Ratio (Q: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(30.78-0)/30.46
=1.01

* 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.


Zhibao Technology  (NAS:ZBAO) 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.


Zhibao Technology Quick Ratio Related Terms

Thank you for viewing the detailed overview of Zhibao Technology's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhibao Technology Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Floor 3, Building 6, Wuxing Road, Lane 727, Shanghai, CHN, 201204
Zhibao Technology Inc is a insurance technology company primarily engaged in providing digital insurance brokerage services in China. 2B2C digital embedded insurance is their innovative business model which They pioneered in China. They provide customized digital insurance solutions for B-side channels (covering a wide range of industries and organizations, including but not limited to Internet platforms, large and medium-sized enterprises, and government agencies, etc.), embedding them into the channel's existing business matrix, and providing the channel with Provide digital insurance brokerage services to C-end customers.