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Zero Fintech Group (HKSE:00093) Cash Ratio : 4.81 (As of Jun. 2024)


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What is Zero Fintech Group 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. Zero Fintech Group's Cash Ratio for the quarter that ended in Jun. 2024 was 4.81.

Zero Fintech Group has a Cash Ratio of 4.81. 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 Zero Fintech Group's Cash Ratio or its related term are showing as below:

HKSE:00093' s Cash Ratio Range Over the Past 10 Years
Min: 0.55   Med: 9.56   Max: 16.74
Current: 4.81

During the past 13 years, Zero Fintech Group's highest Cash Ratio was 16.74. The lowest was 0.55. And the median was 9.56.

HKSE:00093's Cash Ratio is ranked better than
78.28% of 373 companies
in the Credit Services industry
Industry Median: 0.56 vs HKSE:00093: 4.81

Zero Fintech Group Cash Ratio Historical Data

The historical data trend for Zero Fintech Group'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.

Zero Fintech Group Cash Ratio Chart

Zero Fintech Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.12 7.55 2.82 0.93 0.55

Zero Fintech Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 2.84 0.93 0.72 0.55 4.81

Competitive Comparison of Zero Fintech Group's Cash Ratio

For the Credit Services subindustry, Zero Fintech Group'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.


Zero Fintech Group's Cash Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Zero Fintech Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Zero Fintech Group's Cash Ratio falls into.



Zero Fintech Group Cash Ratio Calculation

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

Zero Fintech Group's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=101.166/183.623
=0.55

Zero Fintech Group's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=129.425/26.896
=4.81

* 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.


Zero Fintech Group  (HKSE:00093) 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.


Zero Fintech Group Cash Ratio Related Terms

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Zero Fintech Group Business Description

Traded in Other Exchanges
N/A
Address
183 Queen’s Road Central, Room 2107-08, 21st Floor, Cosco Tower, Sheung Wan, Hong Kong, HKG
Zero Fintech Group Ltd is engaged in financial lending business including property development and investment business, mortgage and personal loan financing.
Executives
Hsbc International Trustee Limited 2301 Trustee
Lee & Leung (b.v.i.) Limited 2101 Beneficial owner
Lee & Leung Family Investment Limited 2201 Interest of corporation controlled by you
Aeasy Finance Holdings Limited 2201 Interest of corporation controlled by you
Lee Tommy 2201 Interest of corporation controlled by you
Lee Lap 2501 Other
Leung Lai Ping 2305 Beneficiary of a trust

Zero Fintech Group Headlines

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