Legion Consortium has a Cash Ratio of 2.57. 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 Legion Consortium's Cash Ratio or its related term are showing as below:
HKSE:02129'
s Cash Ratio Range Over the Past 10 Years
Min: 0.77 Med: 2.21 Max: 3.49
Current: 2.57
During the past 7 years, Legion Consortium's highest Cash Ratio was 3.49. The lowest was 0.77. And the median was 2.21.
HKSE:02129's Cash Ratio is ranked better than 89.85% of 956
companies
in the Transportation industry
Industry Median: 0.515
vs HKSE:02129: 2.57
Legion Consortium Cash Ratio Historical Data
The historical data trend for Legion Consortium'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 Legion Consortium's Cash Ratio
For the Trucking subindustry, Legion Consortium'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.
Legion Consortium's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Legion Consortium's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Legion Consortium's Cash Ratio falls into.
Legion Consortium Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Legion Consortium'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.
Legion Consortium (HKSE:02129) 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.
Legion Consortium Cash Ratio Related Terms
Thank you for viewing the detailed overview of Legion Consortium's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Legion Consortium Ltd is a logistics service provider in Singapore offering trucking, freight forwarding, and value-added transport services to customers. Trucking services refer to the haulage, mainly containers, between seaports and/or customers' designated pick-up and/or delivery points. Freight forwarding services refer to the one-stop solution whereby it organizes the shipment for customers to get their goods from the origin to the final point of distribution. Value-added transport services refer to open-yard storage services, stuffing and unstuffing services, and trucking services for the haulage, mainly containers, between its logistics yards and its customer's designated pick-up and/or delivery points.
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