Quali-Smart Holdings has a Cash Ratio of 1.10. 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 Quali-Smart Holdings's Cash Ratio or its related term are showing as below:
HKSE:01348'
s Cash Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.46 Max: 1.16
Current: 1.1
During the past 12 years, Quali-Smart Holdings's highest Cash Ratio was 1.16. The lowest was 0.14. And the median was 0.46.
HKSE:01348's Cash Ratio is ranked better than 70.6% of 813
companies
in the Travel & Leisure industry
Industry Median: 0.57
vs HKSE:01348: 1.10
Quali-Smart Holdings Cash Ratio Historical Data
The historical data trend for Quali-Smart Holdings'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 Quali-Smart Holdings's Cash Ratio
For the Leisure subindustry, Quali-Smart 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.
Quali-Smart Holdings's Cash Ratio Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Quali-Smart Holdings's Cash Ratio falls into.
Quali-Smart Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Quali-Smart Holdings's Cash Ratio for the fiscal year that ended in Mar. 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.
Quali-Smart Holdings (HKSE:01348) 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.
Quali-Smart Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Quali-Smart Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Quali-Smart Holdings (HKSE:01348) Business Description
Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.
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