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Infoline Tec Group Bhd (XKLS:0253) Cash Ratio : 0.95 (As of Sep. 2024)


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What is Infoline Tec Group Bhd 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. Infoline Tec Group Bhd's Cash Ratio for the quarter that ended in Sep. 2024 was 0.95.

Infoline Tec Group Bhd has a Cash Ratio of 0.95. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Infoline Tec Group Bhd's Cash Ratio or its related term are showing as below:

XKLS:0253' s Cash Ratio Range Over the Past 10 Years
Min: 0.29   Med: 1.11   Max: 3.94
Current: 0.95

During the past 6 years, Infoline Tec Group Bhd's highest Cash Ratio was 3.94. The lowest was 0.29. And the median was 1.11.

XKLS:0253's Cash Ratio is ranked better than
57.11% of 2765 companies
in the Software industry
Industry Median: 0.75 vs XKLS:0253: 0.95

Infoline Tec Group Bhd Cash Ratio Historical Data

The historical data trend for Infoline Tec Group 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.

* Premium members only.

Infoline Tec Group Bhd Cash Ratio Chart

Infoline Tec Group Bhd Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial 0.29 0.76 1.11 2.04 1.20

Infoline Tec Group Bhd Quarterly Data
Dec18 Dec19 Dec20 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 1.76 1.20 0.82 0.88 0.95

Competitive Comparison of Infoline Tec Group Bhd's Cash Ratio

For the Software - Infrastructure subindustry, Infoline Tec Group 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.


Infoline Tec Group Bhd's Cash Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Infoline Tec Group Bhd's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Infoline Tec Group Bhd's Cash Ratio falls into.



Infoline Tec Group 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.

Infoline Tec Group Bhd'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
=19.225/15.997
=1.20

Infoline Tec Group Bhd'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
=16.625/17.493
=0.95

* 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.


Infoline Tec Group Bhd  (XKLS:0253) 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.


Infoline Tec Group Bhd Cash Ratio Related Terms

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Infoline Tec Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 53-3, Jalan PJU 5/20E, Kota Damansara, Pusat Perdagangan, Petaling Jaya, SGR, MYS, 47810
Infoline Tec Group Bhd is engaged in the business of investment holding. The group is organized into five reportable segments as follows: IT infrastructure solutions; Cybersecurity solutions; Managed IT services and other IT services; Trading of ancillary hardware and software; and Investment holding. It generates the majority of its revenue from the IT infrastructure solutions segment. The geographical regions include Malaysia, China, Australia, Singapore, and Others.

Infoline Tec Group Bhd Headlines

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