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CAOHF (FDG Electric Vehicles) Cash Ratio : 0.02 (As of Sep. 2019)


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What is FDG Electric Vehicles 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. FDG Electric Vehicles's Cash Ratio for the quarter that ended in Sep. 2019 was 0.02.

FDG Electric Vehicles has a Cash Ratio of 0.02. 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 FDG Electric Vehicles's Cash Ratio or its related term are showing as below:

CAOHF's Cash Ratio is not ranked *
in the Vehicles & Parts industry.
Industry Median: 0.35
* Ranked among companies with meaningful Cash Ratio only.

FDG Electric Vehicles Cash Ratio Historical Data

The historical data trend for FDG Electric Vehicles'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.

FDG Electric Vehicles Cash Ratio Chart

FDG Electric Vehicles Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.35 0.40 0.20 0.04

FDG Electric Vehicles Semi-Annual Data
Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19
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 0.29 0.20 0.16 0.04 0.02

Competitive Comparison of FDG Electric Vehicles's Cash Ratio

For the Auto Parts subindustry, FDG Electric Vehicles'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.


FDG Electric Vehicles's Cash Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, FDG Electric Vehicles's Cash Ratio distribution charts can be found below:

* The bar in red indicates where FDG Electric Vehicles's Cash Ratio falls into.



FDG Electric Vehicles Cash Ratio Calculation

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

FDG Electric Vehicles's Cash Ratio for the fiscal year that ended in Mar. 2019 is calculated as:

Cash Ratio (A: Mar. 2019 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=21.7/561.755
=0.04

FDG Electric Vehicles's Cash Ratio for the quarter that ended in Sep. 2019 is calculated as:

Cash Ratio (Q: Sep. 2019 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=12.012/642.661
=0.02

* 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.


FDG Electric Vehicles  (OTCPK:CAOHF) 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.


FDG Electric Vehicles Cash Ratio Related Terms

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FDG Electric Vehicles Business Description

Traded in Other Exchanges
N/A
Address
26 Harbour Road, Rooms 3001-3005, 30th Floor, China Resources Building, Wanchai, Hong Kong, HKG
FDG Electric Vehicles Ltd is a Hong Kong-based investment holding company principally engaged in the production and distribution of new energy electric vehicles and their core components. The group is principally engaged in research and development, production and sale of lithium-ion batteries and related products. In addition, it is also engaged in vehicle design, manufacture and sale of electric vehicles, leasing of electric vehicles. The company derives the majority of its revenue from selling lithium-ion batteries in China.

FDG Electric Vehicles Headlines

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