UMP Healthcare Holdings has a Cash Ratio of 1.09. 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 UMP Healthcare Holdings's Cash Ratio or its related term are showing as below:
HKSE:00722'
s Cash Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1.59 Max: 4.48
Current: 1.09
During the past 9 years, UMP Healthcare Holdings's highest Cash Ratio was 4.48. The lowest was 0.47. And the median was 1.59.
HKSE:00722's Cash Ratio is ranked better than 70.15% of 650
companies
in the Healthcare Providers & Services industry
Industry Median: 0.49
vs HKSE:00722: 1.09
UMP Healthcare 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 UMP Healthcare Holdings's Cash Ratio
For the Medical Care Facilities subindustry, UMP Healthcare 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.
UMP Healthcare Holdings's Cash Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, UMP Healthcare Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where UMP Healthcare Holdings's Cash Ratio falls into.
UMP Healthcare 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.
UMP Healthcare Holdings's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:
* 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.
UMP Healthcare Holdings (HKSE:00722) 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.
UMP Healthcare Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of UMP Healthcare Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
UMP Healthcare Holdings (HKSE:00722) Business Description
UMP Healthcare Holdings Ltd is an investment holding company. It is engaged in the provision of healthcare services that includes corporate healthcare solution services, medical and dental services, medical imaging and laboratory services, other auxiliary medical services, and healthcare management services. The operating business segments are Hong Kong & Macau Corporate healthcare solution services; Hong Kong & Macau Clinical healthcare services and Mainland China Clinical Healthcare Services segment which is engaged in the provision of health check-up service and selected outpatient services in Mainland China. Its geographical segments include Hong Kong, Mainland China, and Macau, of which the majority of the revenue comes from Hong Kong.
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