Keymed Biosciences has a Cash Ratio of 4.60. 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 Keymed Biosciences's Cash Ratio or its related term are showing as below:
HKSE:02162'
s Cash Ratio Range Over the Past 10 Years
Min: 4.41 Med: 8.36 Max: 31.45
Current: 4.6
During the past 5 years, Keymed Biosciences's highest Cash Ratio was 31.45. The lowest was 4.41. And the median was 8.36.
HKSE:02162's Cash Ratio is ranked better than 63.98% of 1474
companies
in the Biotechnology industry
Industry Median: 2.665
vs HKSE:02162: 4.60
Keymed Biosciences Cash Ratio Historical Data
The historical data trend for Keymed Biosciences'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 Keymed Biosciences's Cash Ratio
For the Biotechnology subindustry, Keymed Biosciences'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.
Keymed Biosciences's Cash Ratio Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Keymed Biosciences's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Keymed Biosciences's Cash Ratio falls into.
Keymed Biosciences Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Keymed Biosciences'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.
Keymed Biosciences (HKSE:02162) 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.
Keymed Biosciences Cash Ratio Related Terms
Thank you for viewing the detailed overview of Keymed Biosciences's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Keymed Biosciences Inc is a biotechnology company with multiple clinical-stage assets. The company is focused on the in-house discovery and development of biological therapies that address large underserved medical needs in the autoimmune and oncology therapeutic areas. Its clinical-stage drug candidates include CM310, CM326, CM313, and CM336 among others. The company is engaged in biopharmaceutical research and development, which is regarded as a single reportable segment. Geographically, it generates a majority of its revenue from overseas markets and the rest from Mainland China.
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