Tian Tu Capital Co has a Cash Ratio of 1.58. 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 Tian Tu Capital Co's Cash Ratio or its related term are showing as below:
HKSE:01973'
s Cash Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1.85 Max: 3
Current: 3
During the past 4 years, Tian Tu Capital Co's highest Cash Ratio was 3.00. The lowest was 0.72. And the median was 1.85.
HKSE:01973's Cash Ratio is ranked better than 61.56% of 666
companies
in the Asset Management industry
Industry Median: 1.465
vs HKSE:01973: 3.00
Tian Tu Capital Co Cash Ratio Historical Data
The historical data trend for Tian Tu Capital Co'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 Tian Tu Capital Co's Cash Ratio
For the Asset Management subindustry, Tian Tu Capital 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.
Tian Tu Capital Co's Cash Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Tian Tu Capital Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tian Tu Capital Co's Cash Ratio falls into.
Tian Tu Capital 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.
Tian Tu Capital Co's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Tian Tu Capital Co (HKSE:01973) 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.
Tian Tu Capital Co Cash Ratio Related Terms
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Tian Tu Capital Co (HKSE:01973) Business Description
Tian Tu Capital Co Ltd is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. It manages capital for institutional investors and high-net-worth individuals and makes investments through its funds under management and directly using its own capital.
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