Fullwealth International Group Holdings has a Cash Ratio of 3.56. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
* 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.
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Fullwealth International Group Holdings Cash Ratio Chart
Fullwealth International Group Holdings Annual Data
Competitive Comparison of Fullwealth International Group Holdings's Cash Ratio
For the Engineering & Construction subindustry, Fullwealth International 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.
Fullwealth International Group Holdings's Cash Ratio Distribution in the Construction Industry
* 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.
Fullwealth International Group Holdings (HKSE:01034) 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.
Fullwealth International Group Holdings Cash Ratio Related Terms
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Fullwealth International Group Holdings Business Description
Fullwealth International Group Holdings Ltd is engaged in civil engineering, building, and other works in Hong Kong and education and training business related to performing arts and culture in China. It has two operating segments that include Civil engineering, building, and other works segment which engages in the provision of civil engineering, building, and other works to contract customers; and the Entertainment education business segment engages in the provision of education and training courses related to performing arts services. Geographically company generates the majority of its revenue from Hong Kong.
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