Steve Leung Design Group has a Cash Ratio of 0.73. 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 Steve Leung Design Group's Cash Ratio or its related term are showing as below:
HKSE:02262'
s Cash Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.04 Max: 2.1
Current: 0.73
During the past 9 years, Steve Leung Design Group's highest Cash Ratio was 2.10. The lowest was 0.62. And the median was 1.04.
HKSE:02262's Cash Ratio is ranked better than 76.84% of 1701
companies
in the Construction industry
Industry Median: 0.3
vs HKSE:02262: 0.73
Steve Leung Design Group 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 Steve Leung Design Group's Cash Ratio
For the Engineering & Construction subindustry, Steve Leung Design Group'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.
Steve Leung Design Group's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Steve Leung Design Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Steve Leung Design Group's Cash Ratio falls into.
Steve Leung Design Group Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Steve Leung Design Group'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.
Steve Leung Design Group (HKSE:02262) 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.
Steve Leung Design Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of Steve Leung Design Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Steve Leung Design Group Ltd provides interior design services. The company's reportable segments are Interior Design Services, Interior decorating and furnishing services, and Product design services. The interior design services segment, which derives a majority revenue, includes the provision of interior design services. Interior decorating and furnishing services consists of the provision of interior decorating and furnishing services and trading of interior decorative products, and the Product design services segment involves the provision of product design service and license arrangement for product design services. Geographically, it gets a majority of its revenue from the People's Republic of China.
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