Raytech Holding has a Cash Ratio of 3.61. 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 Raytech Holding's Cash Ratio or its related term are showing as below:
RAY'
s Cash Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.75 Max: 3.61
Current: 3.61
During the past 4 years, Raytech Holding's highest Cash Ratio was 3.61. The lowest was 0.70. And the median was 1.75.
RAY's Cash Ratio is ranked better than 93.52% of 1853
companies
in the Consumer Packaged Goods industry
Industry Median: 0.4
vs RAY: 3.61
Raytech Holding Cash Ratio Historical Data
The historical data trend for Raytech 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.
Competitive Comparison of Raytech Holding's Cash Ratio
For the Household & Personal Products subindustry, Raytech 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.
Raytech Holding's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Raytech Holding's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Raytech Holding's Cash Ratio falls into.
Raytech 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.
Raytech Holding'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.
Raytech Holding (NAS:RAY) 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.
Raytech Holding Cash Ratio Related Terms
Thank you for viewing the detailed overview of Raytech Holding's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Raytech Holding Ltd is principally engaged in product designing and manufacturing of various product ranges such as Hair Care, Men's Care and Women's Care products. It has sourced and wholesaled a wide range of personal care electrical appliances, which can be broadly classified into seven categories: hair styling series, including hair dryer, hair straightener and curling iron; trimmer series, including facial shaver, nose trimmer and eyebrow trimmer; eyelash curler; neck care series; nail care series; tooling and other personal care appliances such as body and facial brush, reset brush, callus remover, sonic peeling, handy fan and others. Raytech manufactures products under OEM and ODM.
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