Dekon Food and Agriculture Group has a Cash Ratio of 0.38. 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 Dekon Food and Agriculture Group's Cash Ratio or its related term are showing as below:
HKSE:02419'
s Cash Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.35 Max: 0.58
Current: 0.58
During the past 5 years, Dekon Food and Agriculture Group's highest Cash Ratio was 0.58. The lowest was 0.26. And the median was 0.35.
HKSE:02419's Cash Ratio is ranked better than 59.04% of 1853
companies
in the Consumer Packaged Goods industry
Industry Median: 0.4
vs HKSE:02419: 0.58
Dekon Food and Agriculture 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 Dekon Food and Agriculture Group's Cash Ratio
For the Farm Products subindustry, Dekon Food and Agriculture 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.
Dekon Food and Agriculture Group's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Dekon Food and Agriculture Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Dekon Food and Agriculture Group's Cash Ratio falls into.
Dekon Food and Agriculture 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.
* 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.
Dekon Food and Agriculture Group (HKSE:02419) 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.
Dekon Food and Agriculture Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of Dekon Food and Agriculture Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dekon Food and Agriculture Group Business Description
Dekon Food and Agriculture Group is engaged in livestock and poultry breeding and farming enterprise in China. It is focusing on the breeding and farming of pigs and yellow-feathered broilers and has business in 39 cities across 13 provinces and autonomous regions in China. The company has three segments, namely pig, poultry, and ancillary products, which mainly include feed ingredients. The pig segment includes market hogs, breeding pigs, market piglets and boar semen, the Poultry segment includes yellow-feathered broilers and chicks hogs, breeding pigs, market piglets and boar semen and the ancillary segment includes sales of ingredients and others. The majority of the revenue is generated from the Pig segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02419 has been successfully added to your