Golden Heaven Group Holdings (Golden Heaven Group Holdings) Cash Ratio : 0.02 (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Golden Heaven Group Holdings 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. Golden Heaven Group Holdings's Cash Ratio for the quarter that ended in Sep. 2023 was 0.02.

Golden Heaven Group Holdings 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 Golden Heaven Group Holdings's Cash Ratio or its related term are showing as below:

GDHG' s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.71 Max: 1.4
Current: 0.02

During the past 4 years, Golden Heaven Group Holdings's highest Cash Ratio was 1.40. The lowest was 0.02. And the median was 0.71.

GDHG's Cash Ratio is ranked worse than
96.06% of 812 companies
in the Travel & Leisure industry
Industry Median: 0.575 vs GDHG: 0.02

Golden Heaven Group Holdings Cash Ratio Historical Data

The historical data trend for Golden Heaven Group 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.

* Premium members only.

Golden Heaven Group Holdings Cash Ratio Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash Ratio

0.69

0.72

1.40

0.02

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash Ratio	Get a 7-Day Free Trial			0.72	0.68	1.40	1.82	0.02

Competitive Comparison of Golden Heaven Group Holdings's Cash Ratio

For the Leisure subindustry, Golden Heaven Group 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.

Golden Heaven Group Holdings's Cash Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Golden Heaven Group Holdings's Cash Ratio falls into.

Golden Heaven Group Holdings Cash Ratio Calculation

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

Golden Heaven Group Holdings's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash Ratio (A: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.246	/	14.527
	=	0.02

Golden Heaven Group Holdings's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	0.246	/	14.527
	=	0.02

Golden Heaven Group Holdings (NAS:GDHG) 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.

Golden Heaven Group Holdings Cash Ratio Related Terms

Thank you for viewing the detailed overview of Golden Heaven Group Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.