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The Platinum Group PCL (BKK:PLAT) Cash Ratio : 0.67 (As of Jun. 2024)


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What is The Platinum Group PCL 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. The Platinum Group PCL's Cash Ratio for the quarter that ended in Jun. 2024 was 0.67.

The Platinum Group PCL has a Cash Ratio of 0.67. 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 The Platinum Group PCL's Cash Ratio or its related term are showing as below:

BKK:PLAT' s Cash Ratio Range Over the Past 10 Years
Min: 0.65   Med: 3.39   Max: 12.65
Current: 0.67

During the past 10 years, The Platinum Group PCL's highest Cash Ratio was 12.65. The lowest was 0.65. And the median was 3.39.

BKK:PLAT's Cash Ratio is ranked better than
68.36% of 1767 companies
in the Real Estate industry
Industry Median: 0.32 vs BKK:PLAT: 0.67

The Platinum Group PCL Cash Ratio Historical Data

The historical data trend for The Platinum Group 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.

* Premium members only.

The Platinum Group PCL Cash Ratio Chart

The Platinum Group PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.77 5.29 2.02 0.77 0.65

The Platinum Group PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.80 0.70 0.65 0.77 0.67

Competitive Comparison of The Platinum Group PCL's Cash Ratio

For the Real Estate Services subindustry, The Platinum Group 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.


The Platinum Group PCL's Cash Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, The Platinum Group PCL's Cash Ratio distribution charts can be found below:

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



The Platinum Group 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.

The Platinum Group PCL's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=634.349/969.907
=0.65

The Platinum Group PCL'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
=544.407/818.313
=0.67

* 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.


The Platinum Group PCL  (BKK:PLAT) 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.


The Platinum Group PCL Cash Ratio Related Terms

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The Platinum Group PCL Business Description

Traded in Other Exchanges
N/A
Address
Phetchaburi Road, 222/1398, 11th Floor, The Platinum Fashion Mall Building, Ratchathewi District, Petchaburi Road Sub-District, Bangkok, THA, 10400
The Platinum Group PCL is engaged in the provision of property rental, hotel, and food center operations in the country of Thailand. Its projects include the Platinum Fashion Mall, War Samui, Holiday Inn Express Samui Hotel, Novotel Bangkok Platinum, and the Platinum Food Center, and others. The company and its subsidiaries are organized into business units based on its products and services and have three reportable segments which are Development and rental of retail space in shopping centers and related services; Hotel operations; and Food and beverages centers. The vast majority of its revenue is generated from its retail space development and rental segment.

The Platinum Group PCL Headlines