Kuaishou Technology has a Cash Ratio of 1.02. 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 Kuaishou Technology's Cash Ratio or its related term are showing as below:
HKSE:01024'
s Cash Ratio Range Over the Past 10 Years
Min: 0.19 Med: 1.02 Max: 2.39
Current: 1.02
During the past 7 years, Kuaishou Technology's highest Cash Ratio was 2.39. The lowest was 0.19. And the median was 1.02.
HKSE:01024's Cash Ratio is ranked worse than 55.09% of 570
companies
in the Interactive Media industry
Industry Median: 1.19
vs HKSE:01024: 1.02
Kuaishou Technology Cash Ratio Historical Data
The historical data trend for Kuaishou Technology'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 Kuaishou Technology's Cash Ratio
For the Internet Content & Information subindustry, Kuaishou Technology'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.
Kuaishou Technology's Cash Ratio Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Kuaishou Technology's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Kuaishou Technology's Cash Ratio falls into.
Kuaishou Technology Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Kuaishou Technology'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.
Kuaishou Technology (HKSE:01024) 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.
Kuaishou Technology Cash Ratio Related Terms
Thank you for viewing the detailed overview of Kuaishou Technology's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kuaishou Technology is a social media platform on which users can share short-form videos that are up to 5 minutes long. The audience engages with the platform by looking at different videos on demand at any time, similar to TikTok. About 53% of revenue is generated from advertising, mainly in the form of targeted ads related to the video content—known as closed-loop ads—but also from outside unrelated brands. Kuaishou also generates livestream revenue by selling virtual gifts to fans that are donated to performers. It also has livestreaming e-commerce, where users purchase products related to the video, generating commission from each transaction. Kuaishou competes mainly with ByteDance's Douyin, as both are short-form video platforms. Tencent owns 19% of Kuaishou.
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