Dc Healthcare Holdings Bhd has a Cash Ratio of 1.86. 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 Dc Healthcare Holdings Bhd's Cash Ratio or its related term are showing as below:
XKLS:0283'
s Cash Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.91 Max: 1.86
Current: 1.86
During the past 5 years, Dc Healthcare Holdings Bhd's highest Cash Ratio was 1.86. The lowest was 0.45. And the median was 0.91.
XKLS:0283's Cash Ratio is ranked better than 79.88% of 651
companies
in the Healthcare Providers & Services industry
Industry Median: 0.49
vs XKLS:0283: 1.86
Dc Healthcare Holdings Bhd 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.
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Dc Healthcare Holdings Bhd Cash Ratio Chart
Dc Healthcare Holdings Bhd Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Cash Ratio
0.45
0.98
0.91
0.52
1.86
Dc Healthcare Holdings Bhd Semi-Annual Data
Dec19
Dec20
Dec21
Dec22
Dec23
Cash Ratio
0.45
0.98
0.91
0.52
1.86
Competitive Comparison of Dc Healthcare Holdings Bhd's Cash Ratio
For the Medical Care Facilities subindustry, Dc Healthcare Holdings Bhd'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.
Dc Healthcare Holdings Bhd's Cash Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Dc Healthcare Holdings Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Dc Healthcare Holdings Bhd's Cash Ratio falls into.
Dc Healthcare Holdings Bhd Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Dc Healthcare Holdings Bhd (XKLS:0283) 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.
Dc Healthcare Holdings Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Dc Healthcare Holdings Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dc Healthcare Holdings Bhd (XKLS:0283) Business Description
Dc Healthcare Holdings Bhd Is an investment holding company. Through its subsidiaries, the company provides Aesthetic Services specializing in Non-Invasive and Minimally-Invasive procedures. Non-Invasive procedures are medical procedures that do not involve entering the body through surgical incisions; whilst Minimally Invasive procedures limit the size and quantity of incisions and injections thereby reducing wound healing time, associated pain and risk of infection. The business activities are categorized into 2 segments, Aesthetic Services, and General Medical Services. The majority of revenue is derived from the Aesthetic Services segment.
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