Weilong Delicious Global Holdings has a Cash Ratio of 2.47. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
HKSE:09985'
s Cash Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.64 Max: 2.72
Current: 2.47
During the past 5 years, Weilong Delicious Global Holdings's highest Cash Ratio was 2.72. The lowest was 0.70. And the median was 1.64.
HKSE:09985's Cash Ratio is ranked better than 89.33% of 1847
companies
in the Consumer Packaged Goods industry
Industry Median: 0.39
vs HKSE:09985: 2.47
Weilong Delicious Global Holdings 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.
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Weilong Delicious Global Holdings Cash Ratio Chart
Weilong Delicious Global Holdings Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Cash Ratio
0.70
0.91
1.64
2.72
2.47
Weilong Delicious Global Holdings Semi-Annual Data
Competitive Comparison of Weilong Delicious Global Holdings's Cash Ratio
For the Packaged Foods subindustry, Weilong Delicious Global Holdings'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.
Weilong Delicious Global Holdings's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Weilong Delicious Global Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Weilong Delicious Global Holdings's Cash Ratio falls into.
Weilong Delicious Global Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Weilong Delicious Global Holdings (HKSE:09985) 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.
Weilong Delicious Global Holdings Cash Ratio Related Terms
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Weilong Delicious Global Holdings (HKSE:09985) Business Description
Weilong Delicious Global Holdings Ltd is principally engaged in the production and sale of spicy snack food. The group is organized into business units based on the products and has three reportable operating segments namely, Seasoned flour products, comprising Big Latiao, Mini Latiao, Spicy Hot Stick, Mini Hot Stick and Kiss Burn; Vegetable products, comprising Konjac Shuang and Fengchi Kelp and Bean-based and other products, comprising Soft Tofu Skin, 78 Braised egg and meat products. Majority of the company's revenue is derived from Seasoned flour products and the business activities are conducted in China.
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