XJ International Holdings Co has a Cash Ratio of 0.24. 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 XJ International Holdings Co's Cash Ratio or its related term are showing as below:
HKSE:01765'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.33 Max: 1.9
Current: 0.24
During the past 6 years, XJ International Holdings Co's highest Cash Ratio was 1.90. The lowest was 0.09. And the median was 0.33.
HKSE:01765's Cash Ratio is ranked worse than 77.1% of 262
companies
in the Education industry
Industry Median: 0.7
vs HKSE:01765: 0.24
XJ International Holdings 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 XJ International Holdings Co's Cash Ratio
For the Education & Training Services subindustry, XJ International Holdings 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.
XJ International Holdings Co's Cash Ratio Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, XJ International Holdings Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where XJ International Holdings Co's Cash Ratio falls into.
XJ International Holdings 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.
XJ International Holdings Co (HKSE:01765) 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.
XJ International Holdings Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of XJ International Holdings Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
XJ International Holdings Co (HKSE:01765) Business Description
Hope Education Group Co Ltd is an investment holding company engaged in providing educational services. The company operates higher educational schools which include universities and junior colleges. Some of its colleges are Southwest Jiaotong University Hope Colleges, Business College of Guizhou University of Finance and Economics, Sichuan TOP IT Vocational Institute, and One Technical College among others. Its operating segments are the Domestic education which is the key revenue generating segment, Global education segment and others. The company generates its revenue from tuition fees, boarding fees, sales of books and daily necessities, and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01765 has been successfully added to your 