Haad Thip PCL has a Cash Ratio of 0.06. 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 Haad Thip PCL's Cash Ratio or its related term are showing as below:
BKK:HTC-F'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 0.48
Current: 0.06
During the past 13 years, Haad Thip PCL's highest Cash Ratio was 0.48. The lowest was 0.04. And the median was 0.16.
BKK:HTC-F's Cash Ratio is ranked worse than 84.91% of 106
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.585
vs BKK:HTC-F: 0.06
Haad Thip PCL Cash Ratio Historical Data
The historical data trend for Haad Thip PCL'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 Haad Thip PCL's Cash Ratio
For the Beverages - Non-Alcoholic subindustry, Haad Thip PCL'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.
Haad Thip PCL's Cash Ratio Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Haad Thip PCL's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Haad Thip PCL's Cash Ratio falls into.
Haad Thip PCL Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Haad Thip PCL'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.
Haad Thip PCL (BKK:HTC-F) 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.
Haad Thip PCL Cash Ratio Related Terms
Thank you for viewing the detailed overview of Haad Thip PCL's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Haad Thip PCL is engaged in the manufacture and distributor of soft drinks. The company has been granted a franchise by Coca-Cola in the United States to be a producer and distributor of carbonated drinks under the trademarks of Coca-Cola, Fanta, and Sprite, and other non-carbonated products owned by Coca-Cola Company, such as Minute Maid Splash and Namthip Drinking Water. Its brands include Coca-Cola, Sprite, Fanta, Minute Maid, Namthip, A&W, and Aquarius. The company operates business in Segment soft drinks, Segment Consumer goods, Segment food, Segment Real estate development. The company generates majority revenue from soft drinks. The company distributes its products in the southern provinces of Thailand.
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