CITIC Resources Holdings has a Cash Ratio of 1.09. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for CITIC Resources Holdings's Cash Ratio or its related term are showing as below:
HKSE:01205'
s Cash Ratio Range Over the Past 10 Years
Min: 0.54 Med: 0.93 Max: 1.95
Current: 1.09
During the past 13 years, CITIC Resources Holdings's highest Cash Ratio was 1.95. The lowest was 0.54. And the median was 0.93.
HKSE:01205's Cash Ratio is ranked worse than 50.97% of 2590
companies
in the Metals & Mining industry
Industry Median: 1.18
vs HKSE:01205: 1.09
CITIC Resources Holdings Cash Ratio Historical Data
* 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 CITIC Resources Holdings's Cash Ratio
For the Other Industrial Metals & Mining subindustry, CITIC Resources Holdings's Cash Ratio, along with its competitors' market caps and Cash 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.
CITIC Resources Holdings's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, CITIC Resources Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CITIC Resources Holdings's Cash Ratio falls into.
CITIC Resources Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
CITIC Resources Holdings's Cash Ratio for the fiscal year that ended in Dec. 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.
CITIC Resources Holdings (HKSE:01205) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
CITIC Resources Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of CITIC Resources Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CITIC Resources Holdings (HKSE:01205) Business Description
CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods including steel, vehicle, and industrial batteries. It has four operating segments; the aluminum smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots, the coal segment comprises the operation of coal mines and the sale of coal, the import and export of commodities segment comprises the import of other commodity products and manufactured goods such as steel, and the crude oil segment comprises the operation of oilfields and the sale of crude oil.
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