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Vinacomin - Power Holding (HSTC:DTK) Cash Ratio : 0.16 (As of Mar. 2024)


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What is Vinacomin - Power Holding 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. Vinacomin - Power Holding's Cash Ratio for the quarter that ended in Mar. 2024 was 0.16.

Vinacomin - Power Holding has a Cash Ratio of 0.16. 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 Vinacomin - Power Holding's Cash Ratio or its related term are showing as below:

HSTC:DTK' s Cash Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.11   Max: 0.16
Current: 0.16

During the past 3 years, Vinacomin - Power Holding's highest Cash Ratio was 0.16. The lowest was 0.03. And the median was 0.11.

HSTC:DTK's Cash Ratio is ranked worse than
76.64% of 428 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.41 vs HSTC:DTK: 0.16

Vinacomin - Power Holding Cash Ratio Historical Data

The historical data trend for Vinacomin - Power Holding'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.

Vinacomin - Power Holding Cash Ratio Chart

Vinacomin - Power Holding Annual Data
Trend Dec21 Dec22 Dec23
Cash Ratio
0.03 0.13 0.11

Vinacomin - Power Holding Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.10 0.13 0.10 0.11 0.16

Competitive Comparison of Vinacomin - Power Holding's Cash Ratio

For the Utilities - Renewable subindustry, Vinacomin - Power Holding'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.


Vinacomin - Power Holding's Cash Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Vinacomin - Power Holding's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Vinacomin - Power Holding's Cash Ratio falls into.



Vinacomin - Power Holding Cash Ratio Calculation

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

Vinacomin - Power Holding'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
=721920.867/6312694.145
=0.11

Vinacomin - Power Holding's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1029968.692/6385550.893
=0.16

* 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.


Vinacomin - Power Holding  (HSTC:DTK) 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.


Vinacomin - Power Holding Cash Ratio Related Terms

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Vinacomin - Power Holding Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No 78 Duy Tan street, Dich Vong Hiep ward, 2 floor, Sannam building, Cau Giay district, Ha Noi, VNM
Vinacomin - Power Holding Corp is engaged in production, transmission, and selling of electricity. The company invests, constructs, exploits and operates thermal power plants, hydropower plants, electricity using new energy, renewable energy and power grids, power supply systems.

Vinacomin - Power Holding Headlines

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