China Qinfa Group 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 China Qinfa Group's Cash Ratio or its related term are showing as below:
HKSE:00866'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.23
Current: 0.06
During the past 13 years, China Qinfa Group's highest Cash Ratio was 0.23. The lowest was 0.01. And the median was 0.03.
HKSE:00866's Cash Ratio is ranked worse than 89.66% of 174
companies
in the Other Energy Sources industry
Industry Median: 0.88
vs HKSE:00866: 0.06
China Qinfa Group Cash Ratio Historical Data
The historical data trend for China Qinfa 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.
Competitive Comparison of China Qinfa Group's Cash Ratio
For the Thermal Coal subindustry, China Qinfa 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.
China Qinfa Group's Cash Ratio Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, China Qinfa Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where China Qinfa Group's Cash Ratio falls into.
China Qinfa 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.
China Qinfa Group's Cash Ratio for the fiscal year that ended in Dec. 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.
China Qinfa Group (HKSE:00866) 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.
China Qinfa Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of China Qinfa Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Qinfa Group (HKSE:00866) Business Description
China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00866 has been successfully added to your 