QDM International has a Cash Ratio of 2.39. 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 QDM International's Cash Ratio or its related term are showing as below:
QDMI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 2.39
Current: 2.39
During the past 13 years, QDM International's highest Cash Ratio was 2.39. The lowest was 0.01. And the median was 0.13.
QDMI's Cash Ratio is ranked better than 80.36% of 56
companies
in the Insurance industry
Industry Median: 0.865
vs QDMI: 2.39
QDM International Cash Ratio Historical Data
The historical data trend for QDM International'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.
Competitive Comparison of QDM International's Cash Ratio
For the Insurance Brokers subindustry, QDM International'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.
QDM International's Cash Ratio Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, QDM International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where QDM International's Cash Ratio falls into.
QDM International Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
QDM International's Cash Ratio for the fiscal year that ended in Mar. 2024 is calculated as:
* 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.
QDM International (OTCPK:QDMI) 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.
QDM International Cash Ratio Related Terms
Thank you for viewing the detailed overview of QDM International's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
QDM International Inc is an insurance brokerage company operating in Hong Kong. The company sells a wide range of insurance products, consisting of two main categories: life and medical insurance, such as individual life insurance; and general insurance, such as automobile insurance, commercial property insurance, liability insurance, and homeowner insurance. In addition, as a Mandatory Provident Fund Intermediary, it also provides customers with assistance on account opening and related services under the MPF and the Occupational Retirement Schemes Ordinance schemes, both of which are mandatory retirement protection schemes set up for employees who are Hong Kong residents. The Company generates revenue primarily by providing insurance brokerage services in Hong Kong.
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