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Leader Education (HKSE:01449) Cash Ratio : 0.38 (As of Aug. 2023)


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What is Leader Education 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. Leader Education's Cash Ratio for the quarter that ended in Aug. 2023 was 0.38.

Leader Education has a Cash Ratio of 0.38. 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 Leader Education's Cash Ratio or its related term are showing as below:

HKSE:01449' s Cash Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.4   Max: 1.27
Current: 0.38

During the past 7 years, Leader Education's highest Cash Ratio was 1.27. The lowest was 0.36. And the median was 0.40.

HKSE:01449's Cash Ratio is ranked worse than
67.56% of 262 companies
in the Education industry
Industry Median: 0.695 vs HKSE:01449: 0.38

Leader Education Cash Ratio Historical Data

The historical data trend for Leader Education'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.

Leader Education Cash Ratio Chart

Leader Education Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cash Ratio
Get a 7-Day Free Trial 0.40 1.27 0.68 0.48 0.38

Leader Education Semi-Annual Data
Aug17 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.48 0.45 0.38 -

Competitive Comparison of Leader Education's Cash Ratio

For the Education & Training Services subindustry, Leader Education'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.


Leader Education's Cash Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Leader Education's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Leader Education's Cash Ratio falls into.



Leader Education Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Leader Education's Cash Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Cash Ratio (A: Aug. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=292.356/774.814
=0.38

Leader Education's Cash Ratio for the quarter that ended in Aug. 2023 is calculated as:

Cash Ratio (Q: Aug. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=292.356/774.814
=0.38

* 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.


Leader Education  (HKSE:01449) 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.


Leader Education Cash Ratio Related Terms

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Leader Education (HKSE:01449) Business Description

Traded in Other Exchanges
N/A
Address
Qunying Jie No. 33, Xueyuan Road, Limin Development Zone, Heilongjiang Province, Harbin, CHN, 150025
Leader Education Ltd is engaged in providing private higher education services in the People's Republic of China. The school is a degree-granting private formal university-level education institution that offers around 26 undergraduate majors in a wide range of subject areas, including engineering, management, economics, literature, and arts.
Executives
Huatai Securities Co., Ltd. 2201 Interest of corporation controlled by you
Shuren Education Limited 2101 Beneficial owner
Dong Ling 2201 Interest of corporation controlled by you
Liu Laixiang 2202 Interest of your spouse
Junhua Education Limited 2101 Beneficial owner

Leader Education (HKSE:01449) Headlines

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