Most Kwai Chung has a Cash Ratio of 2.77. 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 Most Kwai Chung's Cash Ratio or its related term are showing as below:
HKSE:01716'
s Cash Ratio Range Over the Past 10 Years
Min: 0.72 Med: 4.98 Max: 11.16
Current: 2.77
During the past 10 years, Most Kwai Chung's highest Cash Ratio was 11.16. The lowest was 0.72. And the median was 4.98.
HKSE:01716's Cash Ratio is ranked better than 89.6% of 1019
companies
in the Media - Diversified industry
Industry Median: 0.55
vs HKSE:01716: 2.77
Most Kwai Chung Cash Ratio Historical Data
The historical data trend for Most Kwai Chung'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 Most Kwai Chung's Cash Ratio
For the Advertising Agencies subindustry, Most Kwai Chung'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.
Most Kwai Chung's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Most Kwai Chung's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Most Kwai Chung's Cash Ratio falls into.
* 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.
Most Kwai Chung (HKSE:01716) 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.
Most Kwai Chung Cash Ratio Related Terms
Thank you for viewing the detailed overview of Most Kwai Chung's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Most Kwai Chung Ltd is engaged in the provision of digital media services, print media services and other media services which include events organization and artistes management. Its operating segment includes Digital media services, Print media services, and Other media services. Digital media services is engaged in the provision of one-stop advertising solution packages. The Print media services represent advertorial production and advertisement placement services and sale of publications including books and magazines. It generates maximum revenue from the Digital media services segment. Geographically, it operates only in Hong Kong.
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