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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Cash Ratio : 0.96 (As of Mar. 2024)


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What is PT Mandiri Herindo Adiperkasa Tbk Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. PT Mandiri Herindo Adiperkasa Tbk's Cash Ratio for the quarter that ended in Mar. 2024 was 0.96.

PT Mandiri Herindo Adiperkasa Tbk has a Cash Ratio of 0.96. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for PT Mandiri Herindo Adiperkasa Tbk's Cash Ratio or its related term are showing as below:

ISX:MAHA' s Cash Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.65   Max: 1.33
Current: 0.96

During the past 4 years, PT Mandiri Herindo Adiperkasa Tbk's highest Cash Ratio was 1.33. The lowest was 0.44. And the median was 0.65.

ISX:MAHA's Cash Ratio is ranked better than
70.06% of 972 companies
in the Transportation industry
Industry Median: 0.54 vs ISX:MAHA: 0.96

PT Mandiri Herindo Adiperkasa Tbk Cash Ratio Historical Data

The historical data trend for PT Mandiri Herindo Adiperkasa Tbk's Cash 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.

PT Mandiri Herindo Adiperkasa Tbk Cash Ratio Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash Ratio
0.44 0.62 0.65 1.10

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Cash Ratio Get a 7-Day Free Trial Premium Member Only 0.65 0.51 1.33 1.10 0.96

Competitive Comparison of PT Mandiri Herindo Adiperkasa Tbk's Cash Ratio

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa Tbk'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.


PT Mandiri Herindo Adiperkasa Tbk's Cash Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Cash Ratio distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Cash Ratio falls into.



PT Mandiri Herindo Adiperkasa Tbk Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

PT Mandiri Herindo Adiperkasa Tbk's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=537610.744/490541.101
=1.10

PT Mandiri Herindo Adiperkasa Tbk's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=470738.625/491006.932
=0.96

* 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.


PT Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) 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.


PT Mandiri Herindo Adiperkasa Tbk Cash Ratio Related Terms

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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Business Description

Traded in Other Exchanges
N/A
Address
Senopati Raya No. 8B, Office 8, Floor 31, SCBD Lot 28, Jakarta, IDN, 12190
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. Mandiri Services strives to provide safe, efficient, and effective mining services. Its focus is to provide prosperity and energy to the people of Indonesia through consistent and sustainable innovation toward a better future. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer.

PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Headlines

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