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Zhangjiagang Zhonghuan Hailu High-end Equipment Co (SZSE:301040) Cash Ratio : 1.11 (As of Sep. 2024)


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What is Zhangjiagang Zhonghuan Hailu High-end Equipment Co 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. Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cash Ratio for the quarter that ended in Sep. 2024 was 1.11.

Zhangjiagang Zhonghuan Hailu High-end Equipment Co has a Cash Ratio of 1.11. 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 Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cash Ratio or its related term are showing as below:

SZSE:301040' s Cash Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.7   Max: 1.36
Current: 1.11

During the past 9 years, Zhangjiagang Zhonghuan Hailu High-end Equipment Co's highest Cash Ratio was 1.36. The lowest was 0.08. And the median was 0.70.

SZSE:301040's Cash Ratio is ranked better than
72.72% of 2969 companies
in the Industrial Products industry
Industry Median: 0.52 vs SZSE:301040: 1.11

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Cash Ratio Historical Data

The historical data trend for Zhangjiagang Zhonghuan Hailu High-end Equipment Co'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.

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Cash Ratio Chart

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Annual Data
Trend Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only 0.36 0.29 0.83 0.84 1.25

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 1.25 1.16 1.36 1.11

Competitive Comparison of Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cash Ratio

For the Metal Fabrication subindustry, Zhangjiagang Zhonghuan Hailu High-end Equipment 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.


Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cash Ratio falls into.



Zhangjiagang Zhonghuan Hailu High-end Equipment 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.

Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=414.552/332.666
=1.25

Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=358.576/322.551
=1.11

* 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.


Zhangjiagang Zhonghuan Hailu High-end Equipment Co  (SZSE:301040) 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.


Zhangjiagang Zhonghuan Hailu High-end Equipment Co Cash Ratio Related Terms

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Zhangjiagang Zhonghuan Hailu High-end Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
Hexing Huashan Road, Jinfeng Town, Jiangsu Province, Zhangjiagang, CHN, 215626
Zhangjiagang Zhonghuan Hailu High-end Equipment Co Ltd is engaged in the research and development, production and sales of industrial metal forgings. The company's main products include bearing forgings, flange forgings, ring gear forgings and other industrial metal forgings.
Executives
Song Ya Dong Directors, executives
Zhang Li Ping Supervisors
Zhu Qian Hao Directors, executives
Dai Yu Tong Directors, executives

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Headlines

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