DPI Holdings Bhd has a Cash Ratio of 6.21. 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 DPI Holdings Bhd's Cash Ratio or its related term are showing as below:
XKLS:0205'
s Cash Ratio Range Over the Past 10 Years
Min: 0.45 Med: 5.99 Max: 16.92
Current: 6.21
During the past 8 years, DPI Holdings Bhd's highest Cash Ratio was 16.92. The lowest was 0.45. And the median was 5.99.
XKLS:0205's Cash Ratio is ranked better than 95.47% of 1545
companies
in the Chemicals industry
Industry Median: 0.54
vs XKLS:0205: 6.21
DPI Holdings Bhd Cash Ratio Historical Data
The historical data trend for DPI Holdings Bhd'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.
Competitive Comparison of DPI Holdings Bhd's Cash Ratio
For the Specialty Chemicals subindustry, DPI Holdings Bhd'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.
DPI Holdings Bhd's Cash Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, DPI Holdings Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where DPI Holdings Bhd's Cash Ratio falls into.
DPI Holdings Bhd Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
DPI Holdings Bhd's Cash Ratio for the fiscal year that ended in May. 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.
DPI Holdings Bhd (XKLS:0205) 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.
DPI Holdings Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of DPI Holdings Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
DPI Holdings Bhd is an investment holding company. The company's operating segment includes Aerosol products; Solvents and thinners and others. It generates maximum revenue from the Aerosol products segment. The aerosol products segment is involved in the business of development, manufacturing, and distribution of aerosol products. Solvents and thinners segment is involved in the business of trading solvents and thinners. Geographically, it derives a majority of revenue from Malaysia and also has an international presence.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:0205 has been successfully added to your 