Guangdong Hybribio Biotech Co has a Cash Ratio of 2.38. 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 Guangdong Hybribio Biotech Co's Cash Ratio or its related term are showing as below:
SZSE:300639'
s Cash Ratio Range Over the Past 10 Years
Min: 0.57 Med: 1.61 Max: 5.41
Current: 2.38
During the past 12 years, Guangdong Hybribio Biotech Co's highest Cash Ratio was 5.41. The lowest was 0.57. And the median was 1.61.
SZSE:300639's Cash Ratio is ranked better than 72.73% of 220
companies
in the Medical Diagnostics & Research industry
Industry Median: 1.075
vs SZSE:300639: 2.38
Guangdong Hybribio Biotech Co Cash Ratio Historical Data
* 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 Guangdong Hybribio Biotech Co's Cash Ratio
For the Diagnostics & Research subindustry, Guangdong Hybribio Biotech 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.
Guangdong Hybribio Biotech Co's Cash Ratio Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Guangdong Hybribio Biotech Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Guangdong Hybribio Biotech Co'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.
Guangdong Hybribio Biotech Co (SZSE:300639) 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.
Guangdong Hybribio Biotech Co Cash Ratio Related Terms
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Guangdong Hybribio Biotech Co Business Description
Guangdong Hybribio Biotech Co Ltd is a Chinese company engaged in offering vitro diagnostic assays. Its products include in-vitro diagnostic kits, female sample collection kit, DNA extraction kit, and other devices. The company's products help in the infectious pathogens detection and genetic disease detection, including human papillomavirus, thalassemia, G6PD, hearing loss susceptibility, phenylketonuria, and early cancer detection, among others. The company has a business presence in China and various other countries.
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