Sunac China Holdings has a Cash Ratio of 0.01. 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 Sunac China Holdings's Cash Ratio or its related term are showing as below:
SNCNQ'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 0.35
Current: 0.01
During the past 13 years, Sunac China Holdings's highest Cash Ratio was 0.35. The lowest was 0.01. And the median was 0.16.
SNCNQ's Cash Ratio is ranked worse than 96.38% of 1768
companies
in the Real Estate industry
Industry Median: 0.32
vs SNCNQ: 0.01
Sunac China Holdings Cash Ratio Historical Data
The historical data trend for Sunac China Holdings'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.
Competitive Comparison of Sunac China Holdings's Cash Ratio
For the Real Estate - Development subindustry, Sunac China 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.
Sunac China Holdings's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Sunac China Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Sunac China Holdings's Cash Ratio falls into.
Sunac China 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.
Sunac China 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.
Sunac China Holdings (GREY:SNCNQ) 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.
Sunac China Holdings Cash Ratio Related Terms
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Sunac China Holdings (Sunac China Holdings) Business Description
Property developer Sunac China commenced operations in 2003 and listed on the Hong Kong exchange in 2010. Based in Tianjin, Sunac is geographically well diversified across China like many large-scale listed PRC developers, and into major cities including Shanghai, Beijing, Guangzhou, Shenzhen and Hainan. Sunac is founded by Sun Hongbin, major shareholder and chairman of the company that previously established Sunco Group and adopted a high leverage strategy, which Sunac also then embraced. On top of aggressive asset expansion in recent years, the significant acquisition of a stake in non-related business Leshi Internet, as well as the landmark portfolio acquisition of Dalian Wanda theme park assets on the back of a highly leveraged balance sheet, have also garnered much market attention.
Sunac China Holdings (Sunac China Holdings) Headlines
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