JH Educational Technology has a Cash Ratio of 2.88. 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 JH Educational Technology's Cash Ratio or its related term are showing as below:
HKSE:01935'
s Cash Ratio Range Over the Past 10 Years
Min: 0.63 Med: 2.35 Max: 2.88
Current: 2.88
During the past 8 years, JH Educational Technology's highest Cash Ratio was 2.88. The lowest was 0.63. And the median was 2.35.
HKSE:01935's Cash Ratio is ranked better than 89.73% of 263
companies
in the Education industry
Industry Median: 0.7
vs HKSE:01935: 2.88
JH Educational Technology 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 JH Educational Technology's Cash Ratio
For the Education & Training Services subindustry, JH Educational Technology'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.
JH Educational Technology's Cash Ratio Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, JH Educational Technology's Cash Ratio distribution charts can be found below:
* The bar in red indicates where JH Educational Technology's Cash Ratio falls into.
JH Educational Technology Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
JH Educational Technology's Cash Ratio for the fiscal year that ended in Dec. 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.
JH Educational Technology (HKSE:01935) 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.
JH Educational Technology Cash Ratio Related Terms
Thank you for viewing the detailed overview of JH Educational Technology's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
JH Educational Technology (HKSE:01935) Business Description
JH Educational Technology Inc is engaged in the provision of higher and secondary education services and related management services in the People's Republic of China (the PRC). In addition to offering higher education, it also provides education to high school students in Zhejiang province. It controls and operates three schools, namely Zhengzhou College of Economics and Business, Zhejiang Changzheng Vocational & Technical College, and Yueqing Jingyi Secondary School. Geographically company generates its revenue from China.
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