Modern Avenue Group Co has a Cash Ratio of 1.93. 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 Modern Avenue Group Co's Cash Ratio or its related term are showing as below:
SZSE:002656'
s Cash Ratio Range Over the Past 10 Years
Min: 0.26 Med: 1.29 Max: 2.22
Current: 1.93
During the past 13 years, Modern Avenue Group Co's highest Cash Ratio was 2.22. The lowest was 0.26. And the median was 1.29.
SZSE:002656's Cash Ratio is ranked better than 88.17% of 1023
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.34
vs SZSE:002656: 1.93
* 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 Modern Avenue Group Co's Cash Ratio
For the Apparel Manufacturing subindustry, Modern Avenue Group Co'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.
Modern Avenue Group Co's Cash Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Modern Avenue Group Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Modern Avenue Group Co's Cash Ratio falls into.
Modern Avenue Group Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Modern Avenue Group Co'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.
Modern Avenue Group Co (SZSE:002656) 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.
Modern Avenue Group Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Modern Avenue Group Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Modern Avenue Group Co Ltd is a global fashion brand operator. The company manufactures, designs, markets and retails a wide range of men's clothing such as business series and vacation series. The company has seven major channels of business operations: Modern Avenue e-commerce platform, high-end shopping malls, high-end boutique buyers, Hong Kong and Macao channels, airport channels, third-party e-commerce platforms, and new media channels. Its principal geographical areas for its operations are located in Asia Pacific, Europe, the United States, and the Middle East.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:002656 has been successfully added to your 