Landsea Green Life Service Co has a Cash Ratio of 0.42. 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 Landsea Green Life Service Co's Cash Ratio or its related term are showing as below:
HKSE:01965'
s Cash Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.6 Max: 1.21
Current: 0.42
During the past 6 years, Landsea Green Life Service Co's highest Cash Ratio was 1.21. The lowest was 0.22. And the median was 0.60.
HKSE:01965's Cash Ratio is ranked better than 56.79% of 1768
companies
in the Real Estate industry
Industry Median: 0.32
vs HKSE:01965: 0.42
Landsea Green Life Service 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 Landsea Green Life Service Co's Cash Ratio
For the Real Estate - Diversified subindustry, Landsea Green Life Service 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.
Landsea Green Life Service Co's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Landsea Green Life Service Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Landsea Green Life Service Co's Cash Ratio falls into.
Landsea Green Life Service 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.
Landsea Green Life Service Co (HKSE:01965) 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.
Landsea Green Life Service Co Cash Ratio Related Terms
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Landsea Green Life Service Co (HKSE:01965) Business Description
Landsea Green Life Service Co Ltd is a China-based investment holding company that provides property management services. The Company mainly operates through three sectors: property management services, non-owner value-added services, and community value-added services. Property management services include security, cleaning, gardening and landscaping, parking lot management, and daily maintenance and maintenance services. Value-added services for non-owners mainly include case services, pre-consultancy services, other pre-services, and the provision of property agency services. Community value-added services include home life services, public resource management services, and second-hand housing property agency services. Its properties include residential and non-residential properties.
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