HE Group Bhd has a Cash Ratio of 1.23. 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 HE Group Bhd's Cash Ratio or its related term are showing as below:
XKLS:0296'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 1.23
Current: 1.23
During the past 5 years, HE Group Bhd's highest Cash Ratio was 1.23. The lowest was 0.03. And the median was 0.15.
XKLS:0296's Cash Ratio is ranked better than 87.01% of 1701
companies
in the Construction industry
Industry Median: 0.32
vs XKLS:0296: 1.23
HE Group Bhd Cash Ratio Historical Data
The historical data trend for HE 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.
Competitive Comparison of HE Group Bhd's Cash Ratio
For the Engineering & Construction subindustry, HE 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.
HE Group Bhd's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, HE Group Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where HE Group Bhd'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.
HE Group Bhd (XKLS:0296) 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.
HE Group Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of HE Group Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end user premises such as industrial plants, and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, namely the provision of power distribution systems, other building systems and works, electrical equipment hook-up and retrofitting, and trading sectors in Malaysia. Maximum revenue is generated from power distribution.
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