CLSA Premium has a Cash Ratio of 13.57. 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 CLSA Premium's Cash Ratio or its related term are showing as below:
HKSE:06877'
s Cash Ratio Range Over the Past 10 Years
Min: 0.56 Med: 2.97 Max: 18.67
Current: 5.85
During the past 13 years, CLSA Premium's highest Cash Ratio was 18.67. The lowest was 0.56. And the median was 2.97.
HKSE:06877's Cash Ratio is ranked better than 81.13% of 657
companies
in the Capital Markets industry
Industry Median: 0.98
vs HKSE:06877: 5.85
CLSA Premium Cash Ratio Historical Data
The historical data trend for CLSA Premium'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 CLSA Premium's Cash Ratio
For the Capital Markets subindustry, CLSA Premium'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.
CLSA Premium's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, CLSA Premium's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CLSA Premium'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.
CLSA Premium (HKSE:06877) 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.
CLSA Premium Cash Ratio Related Terms
Thank you for viewing the detailed overview of CLSA Premium's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CLSA Premium Ltd operates in the financial services sector. It provides leveraged forex and other trading, cash dealing, sales of healthcare products and other services.. The operating segments of the group are the Margin dealing segment. Unallocated segment, Healthcare products segment, The margin dealing segment is engaged in the provision of leveraged foreign exchange, commodity and index trading services in Australia, Hong Kong and New Zealand. The healthcare products segment engages in the sales of healthcare products. It has a business presence in Hong Kong, Australia, New Zealand and Other countries.
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