Sun Hing Vision Group Holdings has a Cash Ratio of 1.39. 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 Sun Hing Vision Group Holdings's Cash Ratio or its related term are showing as below:
HKSE:00125'
s Cash Ratio Range Over the Past 10 Years
Min: 1.06 Med: 1.43 Max: 2.41
Current: 1.39
During the past 13 years, Sun Hing Vision Group Holdings's highest Cash Ratio was 2.41. The lowest was 1.06. And the median was 1.43.
HKSE:00125's Cash Ratio is ranked better than 84.35% of 1086
companies
in the Retail - Cyclical industry
Industry Median: 0.37
vs HKSE:00125: 1.39
Sun Hing Vision Group Holdings 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 Sun Hing Vision Group Holdings's Cash Ratio
For the Luxury Goods subindustry, Sun Hing Vision 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.
Sun Hing Vision Group Holdings's Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Sun Hing Vision Group Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Sun Hing Vision Group Holdings's Cash Ratio falls into.
Sun Hing Vision 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.
* 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.
Sun Hing Vision Group Holdings (HKSE:00125) 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.
Sun Hing Vision Group Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Sun Hing Vision Group Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun Hing Vision Group Holdings (HKSE:00125) Business Description
Sun Hing Vision Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm engages in the design, manufacture, and distribution of premium eyewear products. It operates through the segments of Eyewear products; Contact lens and others. The company generates maximum revenue from the Eyewear products segment. Geographically, it derives a majority of revenue from Italy and also has a presence in Hong Kong; Japan; the United States and Other countries. The company's brand portfolio includes brand names such as New Balance, agnes b, Jill Stuart, Levi's and Kenzo.
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