Cheetah Net Supply Chain Service has a Cash Ratio of 0.58. 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 Cheetah Net Supply Chain Service's Cash Ratio or its related term are showing as below:
CTNT'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.58
Current: 0.58
During the past 3 years, Cheetah Net Supply Chain Service's highest Cash Ratio was 0.58. The lowest was 0.01. And the median was 0.11.
CTNT's Cash Ratio is ranked better than 63.47% of 1232
companies
in the Vehicles & Parts industry
Industry Median: 0.37
vs CTNT: 0.58
Cheetah Net Supply Chain Service Cash Ratio Historical Data
* 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 Cheetah Net Supply Chain Service's Cash Ratio
For the Auto & Truck Dealerships subindustry, Cheetah Net Supply Chain Service'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.
Cheetah Net Supply Chain Service's Cash Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Cheetah Net Supply Chain Service's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Cheetah Net Supply Chain Service's Cash Ratio falls into.
Cheetah Net Supply Chain Service Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Cheetah Net Supply Chain Service (NAS:CTNT) 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.
Cheetah Net Supply Chain Service Cash Ratio Related Terms
Thank you for viewing the detailed overview of Cheetah Net Supply Chain Service's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Cheetah Net Supply Chain Service (Cheetah Net Supply Chain Service) Business Description
6201 Fairview Road, Suite 225, Charlotte, NC, USA, 28210
Website
Cheetah Net Supply Chain Service Inc is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the China market. The parallel-import vehicles refer to those purchased by dealers directly from overseas markets and imported for sale through channels other than brand manufacturers' official distribution systems. The company purchases automobiles, primarily luxury brands such as Mercedes, BMW, Porsche, Lexus, and Bentley, from the U.S. market and resell them to customers, including both U.S. and PRC parallel-import car dealers. It derive profits primarily from the price difference between our buying and selling prices for parallel-import vehicles.
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