Holly Futures Co has a Cash Ratio of 0.08. 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 Holly Futures Co's Cash Ratio or its related term are showing as below:
HKSE:03678'
s Cash Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.38 Max: 1.15
Current: 0.08
During the past 11 years, Holly Futures Co's highest Cash Ratio was 1.15. The lowest was 0.08. And the median was 0.38.
HKSE:03678's Cash Ratio is ranked worse than 89.11% of 652
companies
in the Capital Markets industry
Industry Median: 0.975
vs HKSE:03678: 0.08
Holly Futures Co Cash Ratio Historical Data
The historical data trend for Holly Futures Co'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 Holly Futures Co's Cash Ratio
For the Capital Markets subindustry, Holly Futures Co'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.
Holly Futures Co's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Holly Futures Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Holly Futures Co'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.
Holly Futures Co (HKSE:03678) 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.
Holly Futures Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Holly Futures Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Holly Futures Co Ltd is engaged in futures brokerage and asset management businesses. The company operates through two reporting segments: the Futures Brokerage and Asset Management segment, and the Commodity Trading and Risk Management segment. A majority of its revenue is generated from the Commodity Trading and Risk Management segment, which participates in providing bulk commodity purchase and resale, futures arbitrage, basis trading, and hedging services. The Futures Brokerage and Asset Management segment participates in the transactions of commodity futures and financial futures on behalf of customers and other related activities in capital markets. Geographically, the company generates maximum revenue from Mainland China, followed by Hong Kong.
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