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Jiashili Group (HKSE:01285) Cash Ratio : 0.32 (As of Jun. 2024)


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What is Jiashili Group Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Jiashili Group's Cash Ratio for the quarter that ended in Jun. 2024 was 0.32.

Jiashili Group has a Cash Ratio of 0.32. 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 Jiashili Group's Cash Ratio or its related term are showing as below:

HKSE:01285' s Cash Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.63   Max: 2.56
Current: 0.32

During the past 11 years, Jiashili Group's highest Cash Ratio was 2.56. The lowest was 0.26. And the median was 0.63.

HKSE:01285's Cash Ratio is ranked worse than
55.15% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs HKSE:01285: 0.32

Jiashili Group Cash Ratio Historical Data

The historical data trend for Jiashili 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.

* Premium members only.

Jiashili Group Cash Ratio Chart

Jiashili Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.62 0.44 0.35 0.33

Jiashili Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.26 0.35 0.35 0.33 0.32

Competitive Comparison of Jiashili Group's Cash Ratio

For the Packaged Foods subindustry, Jiashili 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.


Jiashili Group's Cash Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiashili Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Jiashili Group's Cash Ratio falls into.



Jiashili 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.

Jiashili Group's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=317.29/963.775
=0.33

Jiashili Group's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=297.323/936.984
=0.32

* 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.


Jiashili Group  (HKSE:01285) 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.


Jiashili Group Cash Ratio Related Terms

Thank you for viewing the detailed overview of Jiashili Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Jiashili Group Business Description

Traded in Other Exchanges
N/A
Address
No. 18 Gangkou Road, Changsha, Guangdong, Kaiping, CHN
Jiashili Group Ltd is an investment holding company, which engages in the manufacture and sale of candy and biscuits in the People's Republic of China. The company offers Breakfast, Crisp, Sandwich, Wafers, Coarse grain series products and others, along with Soda biscuits, Cookies, Short biscuits, and Mooncakes. It is also involved in the wholesale and retail of pre-packaged food products. The group generates majority revenue from the sales of Breakfast biscuit series products. All of the group's operations are located in the PRC. It sells products in the PRC and also exports it to other countries.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Great Logistics Global Limited 2501 Other
Grand Wing Investments Limited 2201 Interest of corporation controlled by you
Intelligent Pro Investments Limited 2201 Interest of corporation controlled by you
Jade Isle Global Limited 2201 Interest of corporation controlled by you
Prestige Choice Investments (overseas) Limited 2201 Interest of corporation controlled by you
Kaiyuan Investments Limited 2101 Beneficial owner
Huang Cuihong 2202 Interest of your spouse
Huang Rujiao 2201 Interest of corporation controlled by you
Huang Rujun 2201 Interest of corporation controlled by you
Huang Xianming 2201 Interest of corporation controlled by you
Huang Xianxian 2201 Interest of corporation controlled by you
Tai Fung Bank Limited 2106 Person having a security interest in shares
Zhong Guo Yin Xing Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Kaiyuan Investments Limited 2101 Beneficial owner

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