Raffles Education has a Cash Ratio of 0.17. 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 Raffles Education's Cash Ratio or its related term are showing as below:
RFLFY'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.18 Max: 0.29
Current: 0.17
During the past 13 years, Raffles Education's highest Cash Ratio was 0.29. The lowest was 0.04. And the median was 0.18.
RFLFY's Cash Ratio is ranked worse than 82.77% of 267
companies
in the Education industry
Industry Median: 0.77
vs RFLFY: 0.17
Raffles Education Cash Ratio Historical Data
The historical data trend for Raffles Education'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 Raffles Education's Cash Ratio
For the Education & Training Services subindustry, Raffles Education'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.
Raffles Education's Cash Ratio Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Raffles Education's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Raffles Education's Cash Ratio falls into.
Raffles Education Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Raffles Education's Cash Ratio for the fiscal year that ended in Jun. 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.
Raffles Education (OTCPK:RFLFY) 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.
Raffles Education Cash Ratio Related Terms
Thank you for viewing the detailed overview of Raffles Education's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Raffles Education Ltd operates as an investment holding company, which engages in providing business and management consultancy services. It operates through the following business segments: Education, Education Facilities Rental Service, Real Estate Investment and Development, and Corporate and Others. The Education segment offers students a range of degrees, diploma and full-time certification programmes in design and business-oriented disciplines at the post-secondary level. The Education Facilities Rental Service segment refers to the OUCHK engaging in education facilities leasing and commercial leasing for supporting facilities. The Real Estate Investment and Development segment participates in real estate investments and development.
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