Xinyuan Real Estate Co has a Cash Ratio of 0.09. 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 Xinyuan Real Estate Co's Cash Ratio or its related term are showing as below:
XIN'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.21 Max: 0.73
Current: 0.09
During the past 13 years, Xinyuan Real Estate Co's highest Cash Ratio was 0.73. The lowest was 0.06. And the median was 0.21.
XIN's Cash Ratio is ranked worse than 77.46% of 1775
companies
in the Real Estate industry
Industry Median: 0.33
vs XIN: 0.09
* 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 Xinyuan Real Estate Co's Cash Ratio
For the Real Estate - Development subindustry, Xinyuan Real Estate Co'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.
Xinyuan Real Estate Co's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Xinyuan Real Estate Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Xinyuan Real Estate Co's Cash Ratio falls into.
Xinyuan Real Estate Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Xinyuan Real Estate Co's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Xinyuan Real Estate Co (NYSE:XIN) 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.
Xinyuan Real Estate Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Xinyuan Real Estate Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Xinyuan Real Estate Co (Xinyuan Real Estate Co) Business Description
Xinyuan Real Estate Co Ltd operates as a real estate developer and property manager in China. It develops and manages large-scale, high-quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Suzhou, among others. It aims to provide comfortable and convenient real estate-related products and services to middle-class consumers. Xinyuan's product portfolio consists of multiple-rise buildings, sub-high-rise buildings, and high-rise buildings, together with auxiliary services and amenities such as retail outlets, leisure and health facilities, kindergartens and schools. In addition, the company provides property management services for its projects and other real estate-related services to its customers.
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