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PPK Group (ASX:PPK) Cash Ratio : 1.39 (As of Jun. 2024)


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What is PPK Group 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. PPK Group's Cash Ratio for the quarter that ended in Jun. 2024 was 1.39.

PPK Group has a Cash Ratio of 1.39. 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 PPK Group's Cash Ratio or its related term are showing as below:

ASX:PPK' s Cash Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.47   Max: 15.65
Current: 1.39

During the past 13 years, PPK Group's highest Cash Ratio was 15.65. The lowest was 0.07. And the median was 0.47.

ASX:PPK's Cash Ratio is ranked better than
78.75% of 2969 companies
in the Industrial Products industry
Industry Median: 0.52 vs ASX:PPK: 1.39

PPK Group Cash Ratio Historical Data

The historical data trend for PPK Group'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.

PPK Group Cash Ratio Chart

PPK Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 3.65 15.65 2.22 1.39

PPK Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.65 14.33 2.22 1.70 1.39

Competitive Comparison of PPK Group's Cash Ratio

For the Electrical Equipment & Parts subindustry, PPK Group'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.


PPK Group's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PPK Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where PPK Group's Cash Ratio falls into.



PPK Group Cash Ratio Calculation

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

PPK Group's Cash Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Cash Ratio (A: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=30.348/21.831
=1.39

PPK Group's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=30.348/21.831
=1.39

* 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.


PPK Group  (ASX:PPK) 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.


PPK Group Cash Ratio Related Terms

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PPK Group Business Description

Traded in Other Exchanges
N/A
Address
120 Edward Street, Level 13, Suite 13B, Brisbane, QLD, AUS, 4000
PPK Group Ltd invests in publicly listed and privately held businesses, property ownership, and the manufacture of high-grade boron nitride nanotubes. The group invests capital and expertise in high-potential science and technology opportunities with a current focus on nanomaterials, artificial intelligence, and energy storage solutions. It operates in the technology Segment. It is also engaged in ballistic armor and dental products. The company generates the majority of its revenue from the Energy storage business.

PPK Group Headlines

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