Binh Minh Plastics JSC has a Cash Ratio of 3.72. 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 Binh Minh Plastics JSC's Cash Ratio or its related term are showing as below:
STC:BMP'
s Cash Ratio Range Over the Past 10 Years
Min: 1 Med: 2.48 Max: 6.41
Current: 3.72
During the past 13 years, Binh Minh Plastics JSC's highest Cash Ratio was 6.41. The lowest was 1.00. And the median was 2.48.
STC:BMP's Cash Ratio is ranked better than 97.33% of 1645
companies
in the Construction industry
Industry Median: 0.32
vs STC:BMP: 3.72
* 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 Binh Minh Plastics JSC's Cash Ratio
For the Building Products & Equipment subindustry, Binh Minh Plastics JSC'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.
Binh Minh Plastics JSC's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Binh Minh Plastics JSC's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Binh Minh Plastics JSC's Cash Ratio falls into.
Binh Minh Plastics JSC Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Binh Minh Plastics JSC's Cash Ratio for the fiscal year that ended in Dec. 2023 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.
Binh Minh Plastics JSC (STC:BMP) 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.
Binh Minh Plastics JSC Cash Ratio Related Terms
Thank you for viewing the detailed overview of Binh Minh Plastics JSC's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Binh Minh Plastics JSC (STC:BMP) Business Description
Binh Minh Plastics JSC is engaged in the manufacture and trade of civil and industrial products made of plastic and rubber. Its products include uPVC pipes and fittings, HPPE pipes, Rubber seal products, Aerosol & workwear caps, Glue products uPVC and others. It also manufactures and trades moulds for the plastic and casting industries. In addition, it is involved in the consultancy and execution of water drainage, yards, and warehouses; transportation of goods by road; and provision of laboratory equipment and advertising services. The business of the group is functioned through Vietnam.
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