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Wing Fung Group Asia (HKSE:08526) Cash Ratio : 0.05 (As of Jun. 2024)


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What is Wing Fung Group Asia Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Wing Fung Group Asia's Cash Ratio for the quarter that ended in Jun. 2024 was 0.05.

Wing Fung Group Asia has a Cash Ratio of 0.05. 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 Wing Fung Group Asia's Cash Ratio or its related term are showing as below:

HKSE:08526' s Cash Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.23   Max: 0.8
Current: 0.05

During the past 9 years, Wing Fung Group Asia's highest Cash Ratio was 0.80. The lowest was 0.05. And the median was 0.23.

HKSE:08526's Cash Ratio is ranked worse than
88.78% of 1703 companies
in the Construction industry
Industry Median: 0.3 vs HKSE:08526: 0.05

Wing Fung Group Asia Cash Ratio Historical Data

The historical data trend for Wing Fung Group Asia'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.

* Premium members only.

Wing Fung Group Asia Cash Ratio Chart

Wing Fung Group Asia Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only 0.74 0.21 0.14 0.14 0.09

Wing Fung Group Asia Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.11 - 0.09 0.05

Competitive Comparison of Wing Fung Group Asia's Cash Ratio

For the Building Products & Equipment subindustry, Wing Fung Group Asia'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.


Wing Fung Group Asia's Cash Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wing Fung Group Asia's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Wing Fung Group Asia's Cash Ratio falls into.



Wing Fung Group Asia Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Wing Fung Group Asia's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=6.014/64.916
=0.09

Wing Fung Group Asia's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2.78/55.93
=0.05

* 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.


Wing Fung Group Asia  (HKSE:08526) 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.


Wing Fung Group Asia Cash Ratio Related Terms

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Wing Fung Group Asia Business Description

Traded in Other Exchanges
N/A
Address
1 Wang Kwong Road, Unit D, 21/F., Tower B, Billion Centre, Kowloon Bay, Kowloon, HKG
Wing Fung Group Asia Ltd is an investment holding company principally engaged in the provision of supply, installation, and fitting-out services of MVAC (mechanical ventilation and air-conditioning) systems for buildings. The Company's customers principally consist of main contractors and subcontractors of building projects. The building projects principally consist of infrastructural, commercial, and residential building projects, including offices, hotels, hospitals, data centers, shopping malls, and educational and training institutions. It receives maximum revenue from construction contracts. Geographically, the company derives the majority of its revenue from Hong Kong.
Executives
Wing Fung Capital Limited 2101 Beneficial owner
Chung Chi Keung 2201 Interest of corporation controlled by you

Wing Fung Group Asia Headlines

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