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MINISO Group Holding (MEX:MNSO) Cash Ratio : 1.17 (As of Sep. 2024)


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What is MINISO Group 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. MINISO Group Holding's Cash Ratio for the quarter that ended in Sep. 2024 was 1.17.

MINISO Group Holding has a Cash Ratio of 1.17. 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 MINISO Group Holding's Cash Ratio or its related term are showing as below:

MEX:MNSO' s Cash Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.56   Max: 2.06
Current: 1.17

During the past 6 years, MINISO Group Holding's highest Cash Ratio was 2.06. The lowest was 0.59. And the median was 1.56.

MEX:MNSO's Cash Ratio is ranked better than
82.16% of 1104 companies
in the Retail - Cyclical industry
Industry Median: 0.33 vs MEX:MNSO: 1.17

MINISO Group Holding Cash Ratio Historical Data

The historical data trend for MINISO Group 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.

MINISO Group Holding Cash Ratio Chart

MINISO Group Holding Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cash Ratio
Get a 7-Day Free Trial 0.59 0.86 1.97 1.53 1.87

MINISO Group Holding Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.55 1.56 1.50 1.56 1.17

Competitive Comparison of MINISO Group Holding's Cash Ratio

For the Specialty Retail subindustry, MINISO Group 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.


MINISO Group Holding's Cash Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MINISO Group Holding's Cash Ratio distribution charts can be found below:

* The bar in red indicates where MINISO Group Holding's Cash Ratio falls into.



MINISO Group 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.

MINISO Group Holding's Cash Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash Ratio (A: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=17418.86/9301.848
=1.87

MINISO Group Holding's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=15764.364/13464.15
=1.17

* 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.


MINISO Group Holding  (MEX:MNSO) 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.


MINISO Group Holding Cash Ratio Related Terms

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MINISO Group Holding Business Description

Traded in Other Exchanges
Address
No. 109, Pazhou Avenue, 8th Floor, M Plaza, Haizhu District, Guangdong Province, Guangzhou, CHN, 510000
MINISO Group Holding Ltd is a retailer offering a variety of design-led lifestyle products. The principal activity of the Company is investment holding. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand, which is engaged in the Design, buying and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying and sale of pop toys. The company generates maximum revenue from the MINISO brand segment. Geographically, it derives a majority of its revenue from China.