Yue Da International Holdings has a Cash Ratio of 0.06. 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 Yue Da International Holdings's Cash Ratio or its related term are showing as below:
HKSE:00629'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.17 Max: 6.09
Current: 0.06
During the past 13 years, Yue Da International Holdings's highest Cash Ratio was 6.09. The lowest was 0.03. And the median was 0.17.
HKSE:00629's Cash Ratio is ranked worse than 90.12% of 1043
companies
in the Business Services industry
Industry Median: 0.59
vs HKSE:00629: 0.06
Yue Da International 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 Yue Da International Holdings's Cash Ratio
For the Specialty Business Services subindustry, Yue Da International 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.
Yue Da International Holdings's Cash Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Yue Da International Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Yue Da International 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.
Yue Da International Holdings (HKSE:00629) 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.
Yue Da International Holdings Cash Ratio Related Terms
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Yue Da International Holdings Business Description
Yue Da International Holdings Ltd is an investment holding company. The company operates through one segment namely, the Factoring business. Factoring business offers trade finance, sales ledger management, customer credit rating, accounts receivable management and collection, credit risk guarantee, supply chain management, and other related solutions in China. It derives revenue from communications factoring business and traditional factoring business.
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