Lung Kee Group Holdings has a Cash Ratio of 2.71. 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 Lung Kee Group Holdings's Cash Ratio or its related term are showing as below:
HKSE:00255'
s Cash Ratio Range Over the Past 10 Years
Min: 0.77 Med: 2.18 Max: 2.71
Current: 2.71
During the past 13 years, Lung Kee Group Holdings's highest Cash Ratio was 2.71. The lowest was 0.77. And the median was 2.18.
HKSE:00255's Cash Ratio is ranked better than 90.46% of 2988
companies
in the Industrial Products industry
Industry Median: 0.52
vs HKSE:00255: 2.71
Lung Kee 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 Lung Kee Group Holdings's Cash Ratio
For the Metal Fabrication subindustry, Lung Kee 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.
Lung Kee Group Holdings's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lung Kee Group Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Lung Kee Group 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.
Lung Kee Group Holdings (HKSE:00255) 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.
Lung Kee Group Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Lung Kee Group Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lung Kee Group Holdings Ltd is an investment holding company that provides corporate management services. Along with its subsidiaries, it is engaged in the manufacturing and marketing of mould bases and related products. Its product offerings include standard and custom-made mould base, mould components, tool and steel products such as plastic and steel mould, hot and cold work steel, precision plates, standard mould inserts, and other materials. The company generates a majority of its revenue from the People's Republic of China and the rest from other markets like Asia, Europe, and America.
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