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SKK Holdings (SKK Holdings) Cash Ratio : 0.04 (As of Jun. 2023)


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What is SKK Holdings 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. SKK Holdings's Cash Ratio for the quarter that ended in Jun. 2023 was 0.04.

SKK Holdings has a Cash Ratio of 0.04. 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 SKK Holdings's Cash Ratio or its related term are showing as below:

SKK's Cash Ratio is not ranked *
in the Construction industry.
Industry Median: 0.32
* Ranked among companies with meaningful Cash Ratio only.

SKK Holdings Cash Ratio Historical Data

The historical data trend for SKK 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.

* Premium members only.

SKK Holdings Cash Ratio Chart

SKK Holdings Annual Data
Trend Dec21 Dec22
Cash Ratio
0.60 0.18

SKK Holdings Semi-Annual Data
Dec21 Jun22 Dec22 Jun23
Cash Ratio 0.60 - 0.18 0.04

Competitive Comparison of SKK Holdings's Cash Ratio

For the Engineering & Construction subindustry, SKK 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.


SKK Holdings's Cash Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, SKK Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where SKK Holdings's Cash Ratio falls into.



SKK Holdings Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

SKK Holdings's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.427/7.99
=0.18

SKK Holdings's Cash Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash Ratio (Q: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.296/8.4
=0.04

* 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.


SKK Holdings  (NAS:SKK) 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.


SKK Holdings Cash Ratio Related Terms

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SKK Holdings (SKK Holdings) Business Description

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Traded in Other Exchanges
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Address
SKK Holdings Ltd is a civil engineering service provider that specializes in subsurface utility works in Singapore. It construct and maintain various public works and infrastructure projects that serve the society and the environment. Its projects are primarily the subsurface work related to projects undertaken by the Public Utilities Board (PUB) and Singapore Telecommunications Limited. The nature of these projects is related to repairing of pumping mains, sewer maintenance and pipe cable laying.

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