AustAsia Group has a Cash Ratio of 0.03. 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 AustAsia Group's Cash Ratio or its related term are showing as below:
HKSE:02425'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.24
Current: 0.08
During the past 6 years, AustAsia Group's highest Cash Ratio was 0.24. The lowest was 0.03. And the median was 0.15.
HKSE:02425's Cash Ratio is ranked worse than 81.57% of 1861
companies
in the Consumer Packaged Goods industry
Industry Median: 0.4
vs HKSE:02425: 0.08
AustAsia Group Cash Ratio Historical Data
The historical data trend for AustAsia Group'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 AustAsia Group's Cash Ratio
For the Farm Products subindustry, AustAsia 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.
AustAsia Group's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, AustAsia Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where AustAsia Group's Cash Ratio falls into.
* 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.
AustAsia Group (HKSE:02425) 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.
AustAsia Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of AustAsia Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AustAsia Group Ltd is an investment holding company. Along with its subsidiaries, it is mainly engaged in the production and sales of raw milk, beef cattle, and feed products, and distribution and sales of milk products in the People's Republic of China. The company's reportable operating segments are; the raw milk business for the production and sales of raw milk; the beef cattle business for raising and sales of beef cattle; and the ancillary business for sales of milk products, feed products, and others. Maximum revenue for the company is generated from its Raw milk segment. Geographically, the company derives its revenue from Mainland China.
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