Zhuzhou CRRC Times Electric Co has a Cash Ratio of 0.95. 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 Zhuzhou CRRC Times Electric Co's Cash Ratio or its related term are showing as below:
HKSE:03898'
s Cash Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.01 Max: 1.73
Current: 0.95
During the past 13 years, Zhuzhou CRRC Times Electric Co's highest Cash Ratio was 1.73. The lowest was 0.81. And the median was 1.01.
HKSE:03898's Cash Ratio is ranked better than 69.69% of 980
companies
in the Transportation industry
Industry Median: 0.54
vs HKSE:03898: 0.95
Zhuzhou CRRC Times Electric Co 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 Zhuzhou CRRC Times Electric Co's Cash Ratio
For the Railroads subindustry, Zhuzhou CRRC Times Electric 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.
Zhuzhou CRRC Times Electric Co's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Zhuzhou CRRC Times Electric Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Zhuzhou CRRC Times Electric 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.
Zhuzhou CRRC Times Electric Co (HKSE:03898) 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.
Zhuzhou CRRC Times Electric Co Cash Ratio Related Terms
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Zhuzhou CRRC Times Electric Co Business Description
Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, communication signal systems, and others. Meanwhile, the Company actively expands to industries other than rail transit, and conducts business in the fields of power semiconductor devices, industrial converter products, electric drive systems for new energy vehicles, sensor devices, and marine equipment, The Company operates in the domestic market and overseas markets.
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