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International Genius Co (HKSE:00033) Cash Ratio : 0.63 (As of Dec. 2023)


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What is International Genius Co 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. International Genius Co's Cash Ratio for the quarter that ended in Dec. 2023 was 0.63.

International Genius Co has a Cash Ratio of 0.63. 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 International Genius Co's Cash Ratio or its related term are showing as below:

HKSE:00033' s Cash Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.77   Max: 19.6
Current: 0.63

During the past 13 years, International Genius Co's highest Cash Ratio was 19.60. The lowest was 0.07. And the median was 0.77.

HKSE:00033's Cash Ratio is ranked worse than
70.59% of 663 companies
in the Asset Management industry
Industry Median: 1.45 vs HKSE:00033: 0.63

International Genius Co Cash Ratio Historical Data

The historical data trend for International Genius Co'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.

International Genius Co Cash Ratio Chart

International Genius Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Jun22 Jun23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.14 0.07 1.91 2.22

International Genius Co Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.99 1.91 2.31 2.22 0.63

Competitive Comparison of International Genius Co's Cash Ratio

For the Asset Management subindustry, International Genius Co'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.


International Genius Co's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, International Genius Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where International Genius Co's Cash Ratio falls into.



International Genius Co Cash Ratio Calculation

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

International Genius Co's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=89.196/40.114
=2.22

International Genius Co's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=56.032/88.262
=0.63

* 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.


International Genius Co  (HKSE:00033) 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.


International Genius Co Cash Ratio Related Terms

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International Genius Co (HKSE:00033) Business Description

Traded in Other Exchanges
N/A
Address
183 Queen's Road Central, Unit Nos 4202-05,42nd Floor, Cosco Tower, Hong Kong, HKG
International Genius Co, is an investment holding company mainly engaged in the trading of party products. The Company operates its business through six segments. The Party Products Trading segment is mainly engaged in the trading of party products. The Securities Brokerage and Asset Management segment is mainly engaged in the provision of securities brokerage and asset management services. The Lending Business segment is mainly engaged in the Provision of lending services. The Metals and Minerals Trading segment is engaged in metals and minerals trading. The Credit Guarantee Service and Investment Business segment are engaged in the credit guarantee service and investment business. The majority of revenue is generated from Securities brokerage and assets management.
Executives
Neo Tech Inc. 2201 Interest of corporation controlled by you
Ng Yu 2201 Interest of corporation controlled by you
Internet Finance Investment Co. Ltd 2101 Beneficial owner
Cheung Kwan 2101 Beneficial owner
Internet Finance Investment Company Limited 2101 Beneficial owner

International Genius Co (HKSE:00033) Headlines

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