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Jiade (JDZG) Cash Ratio : 8.29 (As of Jun. 2024)


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What is Jiade 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. Jiade's Cash Ratio for the quarter that ended in Jun. 2024 was 8.29.

Jiade has a Cash Ratio of 8.29. 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 Jiade's Cash Ratio or its related term are showing as below:

JDZG' s Cash Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.86   Max: 8.29
Current: 8.29

During the past 3 years, Jiade's highest Cash Ratio was 8.29. The lowest was 0.56. And the median was 0.86.

JDZG's Cash Ratio is ranked better than
97.17% of 2756 companies
in the Software industry
Industry Median: 0.785 vs JDZG: 8.29

Jiade Cash Ratio Historical Data

The historical data trend for Jiade'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.

Jiade Cash Ratio Chart

Jiade Annual Data
Trend Dec21 Dec22 Dec23
Cash Ratio
- 0.75 0.96

Jiade Quarterly Data
Dec21 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24
Cash Ratio Get a 7-Day Free Trial 0.75 - 0.56 0.96 8.29

Competitive Comparison of Jiade's Cash Ratio

For the Information Technology Services subindustry, Jiade'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.

Jiade's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Jiade's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Jiade's Cash Ratio falls into.


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Jiade Cash Ratio Calculation

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

Jiade'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
=0.992/1.038
=0.96

Jiade'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
=8.634/1.042
=8.29

* 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.

Jiade  (NAS:JDZG) 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.

Jiade Cash Ratio Related Terms

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Jiade Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Jiade Ltd (NAS:JDZG) » Definitions » Cash Ratio
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Traded in Other Exchanges
N/A
Address
No. 1702 and 1706 Minjiang Road, Unit 2-02, Puningdun Business Plaza, Jinjiang District, Sichuan Province, Chengdu, CHN, 610000
Website
Jiade Ltd Ltd is engaged in providing one-stop comprehensive education supporting services to adult education institutions, through a wide range of software platforms and auxiliary solutions. The Group offers pre-enrollment guidance on school/selection and application development, training for entrance exams, and assistance in the application process. The Group also offers offline tutoring, exam administration services, guidance on graduation thesis, and social practice assistance in the People's Republic of China.