China New Town Development Co has a Cash Ratio of 3.20. 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 China New Town Development Co's Cash Ratio or its related term are showing as below:
HKSE:01278'
s Cash Ratio Range Over the Past 10 Years
Min: 0.13 Med: 1.17 Max: 3.2
Current: 3.2
During the past 13 years, China New Town Development Co's highest Cash Ratio was 3.20. The lowest was 0.13. And the median was 1.17.
HKSE:01278's Cash Ratio is ranked better than 91.36% of 1770
companies
in the Real Estate industry
Industry Median: 0.32
vs HKSE:01278: 3.20
China New Town Development Co 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 China New Town Development Co's Cash Ratio
For the Real Estate - Development subindustry, China New Town Development Co'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 New Town Development Co's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, China New Town Development Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where China New Town Development Co's Cash Ratio falls into.
China New Town Development Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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 New Town Development Co (HKSE:01278) 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 New Town Development Co Cash Ratio Related Terms
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China New Town Development Co (HKSE:01278) Business Description
China New Town Development Co Ltd is engaged in the real estate business. The company is a new town developer in Mainland China and has been engaged in the investment and operation of new types of urbanization and primary land development. The operating segments of the company are the Land development segment which provides land infrastructure development, and construction of ancillary public facilities; the Urbanization development segment which is responsible for investments in new town projects; Property leasing segment which provides property leasing services of investment property; and Others segment which includes the provision of other services. It derives major revenue from the Urbanization development segment.
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