Hong Kong ChaoShang Group has a Cash Ratio of 1.97. 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 Hong Kong ChaoShang Group's Cash Ratio or its related term are showing as below:
HKSE:02322'
s Cash Ratio Range Over the Past 10 Years
Min: 0.53 Med: 2.08 Max: 51.49
Current: 1.97
During the past 13 years, Hong Kong ChaoShang Group's highest Cash Ratio was 51.49. The lowest was 0.53. And the median was 2.08.
HKSE:02322's Cash Ratio is ranked better than 86.96% of 514
companies
in the Conglomerates industry
Industry Median: 0.39
vs HKSE:02322: 1.97
Hong Kong ChaoShang 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 Hong Kong ChaoShang Group's Cash Ratio
For the Conglomerates subindustry, Hong Kong ChaoShang 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.
Hong Kong ChaoShang Group's Cash Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hong Kong ChaoShang Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Hong Kong ChaoShang Group's Cash Ratio falls into.
Hong Kong ChaoShang 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.
Hong Kong ChaoShang Group's Cash Ratio for the fiscal year that ended in Mar. 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.
Hong Kong ChaoShang Group (HKSE:02322) 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.
Hong Kong ChaoShang Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of Hong Kong ChaoShang Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hong Kong ChaoShang Group (HKSE:02322) Business Description
Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Moneylending, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing and asset management services in Hong Kong.
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