The Place Holdings has a Cash Ratio of 2.07. 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 The Place Holdings's Cash Ratio or its related term are showing as below:
FRA:95N'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 2.45 Max: 142.26
Current: 2.07
During the past 13 years, The Place Holdings's highest Cash Ratio was 142.26. The lowest was 0.04. And the median was 2.45.
FRA:95N's Cash Ratio is ranked better than 83.66% of 1022
companies
in the Media - Diversified industry
Industry Median: 0.555
vs FRA:95N: 2.07
The Place Holdings Cash Ratio Historical Data
The historical data trend for The Place Holdings'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 The Place Holdings's Cash Ratio
For the Advertising Agencies subindustry, The Place Holdings'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 Place Holdings's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, The Place Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where The Place Holdings's Cash Ratio falls into.
* 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 Place Holdings (FRA:95N) 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 Place Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of The Place Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Place Holdings Ltd is an investment holding company that invests in develops and manages media-related businesses. It manages various cultural events and activities; and focuses on the provision of branding strategy, planning, and organizing of corporate events, exhibitions, and other events. It also engages in the development and operation of integrated tourism business including the development of commercial malls, hotels, entertainment and recreation facilities, resorts, corporate clubhouses, and wellness resorts for the elderly. In addition, the firm invests in a new retail business. It operates in two segments Media and event management and Property development. The Media and event management accounts for all of the firm's revenue.
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