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Hong Kong Finance Investment Quick ratio

What is the Quick ratio of Hong Kong Finance Investment?

The Quick ratio of Hong Kong Finance Investment Holding Group Limited is 0.26

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 Hong Kong Finance Investment

What does Hong Kong Finance Investment do?

Wisdom Wealth Resources Investment Holding Group Limited, an investment holding company, engages in the trading, mineral mining, oil and gas, financial, and property investment businesses in Hong Kong and the People's Republic of China. It trades in electronic products and equipment; explores for and produces oil and gas; and trades in natural resources. The company also offers financial services, including stockbroking, futures and options broking, mutual funds, and insurance-linked investment plans; money lending services; and corporate finance advisory and securities margin financing services. In addition, it holds, invests in, and rents properties. Further, the company owns 7 oil fields with a total area of 12,652 square kilometers in the Arab Republic of Egypt, Tunisia, and Madagascar. Wisdom Wealth Resources Investment Holding Group Limited was formerly known as Hong Kong Finance Investment Holding Group Limited and changed its name to Wisdom Wealth Resources Investment Holding Group Limited in May 2021. The company is headquartered in Sheung Wan, Hong Kong.

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