Pasture Holdings has a Cash Ratio of 1.30. 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 Pasture Holdings's Cash Ratio or its related term are showing as below:
SGX:UUK'
s Cash Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.72 Max: 1.3
Current: 1.3
During the past 5 years, Pasture Holdings's highest Cash Ratio was 1.30. The lowest was 0.28. And the median was 0.72.
SGX:UUK's Cash Ratio is ranked better than 86.73% of 113
companies
in the Medical Distribution industry
Industry Median: 0.22
vs SGX:UUK: 1.30
Pasture Holdings Cash Ratio Historical Data
The historical data trend for Pasture Holdings'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 Pasture Holdings's Cash Ratio
For the Medical Distribution subindustry, Pasture Holdings'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.
Pasture Holdings's Cash Ratio Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Pasture Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Pasture Holdings's Cash Ratio falls into.
* 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.
Pasture Holdings (SGX:UUK) 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.
Pasture Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Pasture Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Pasture Holdings Ltd is a pharmaceutical product and medical supplies and devices company. It is organized into three segments as follows Pharmaceutical wholesale and drop-shipment refer to sales generated from the wholesale procurement and transhipment of pharmaceutical and nutraceutical products and backend support of pharmaceutical supplies to international clients' online pharmacy businesses. Masks and medical supplies refer to sales generated from surgical masks, N95 respirators, surgical N95 respirators, N95 respirators for general public use, and wholesale procurement of medical supplies and devices. Other services refer mainly to sales of new lines of products and services such as oral disintegrating strips and pet pharmaceutical and nutraceutical products and services.
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