Sign in Sign up for free

HongDa Quick ratio

What is the Quick ratio of HongDa?

The Quick ratio of HongDa Financial Holding Limited is 0.51

What is the definition of Quick ratio?



Quick ratio is liquidity ratio that measures a company’s ability to use its quick assets to meet its short-term obligations immediately.

mrq (most recent quarter)

The quick ratio is the ratio between quick or liquid assets and current liabilities. Quick assets include those current assets that presumably can be quickly converted to cash at close to their book values. A normal liquid ratio is considered to be 1. A company with a quick ratio of less than 1 cannot at the time fully pay its current liabilities or short-term obligations. This ratio is considered to be a much reliable tool for assessment of liquidity position of companies.

Quick ratio of companies in the Technology sector on HKSE compared to HongDa

What does HongDa do?

China Wood International Holding Co., Limited, an investment holding company, primarily engages in the trading of electronic components/materials in the People's Republic of China and Hong Kong. The company operates through four segments: Car Rental, Materials and Other Goods Trading, Financing Services and Investments, and Others. It is also involved in the car rental; money lending and property investment activities; and fund administration and public relation services. The company was formerly known as HongDa Financial Holding Limited and changed its name to China Wood International Holding Co., Limited in September 2020. The company was founded in 2009 and is based in Central, Hong Kong. China Wood International Holding Co., Limited is a subsidiary of Sino Merchant Car Rental Limited.

Companies with quick ratio similar to HongDa