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Ray Go Solar Holdings Bhd has a Cash Ratio of 0.59. 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 Ray Go Solar Holdings Bhd's Cash Ratio or its related term are showing as below:
XKLS:03052'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.41 Max: 1.66
Current: 0.59
During the past 7 years, Ray Go Solar Holdings Bhd's highest Cash Ratio was 1.66. The lowest was 0.04. And the median was 0.41.
XKLS:03052's Cash Ratio is not ranked
in the Semiconductors industry.
Industry Median: 1.02
vs XKLS:03052: 0.59
Ray Go Solar Holdings Bhd (XKLS:03052) 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.
Ray Go Solar Holdings Bhd Cash Ratio Related Terms
Ray Go Solar Holdings Bhd 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.
XKLS:03052 vs FSLR, NXT, ENPH: Cash Ratio Comparison
For the Solar subindustry, Ray Go Solar 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.
Ray Go Solar Holdings Bhd Cash Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Ray Go Solar Holdings Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Ray Go Solar Holdings 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.
Ray Go Solar Holdings Bhd (XKLS:03052) has a Cash Ratio of 0.59 as of Apr. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Ray Go Solar Holdings Bhd and its competitors. This is 44% above median its historical median of 0.41. Over the past decade, Ray Go Solar Holdings Bhd's Cash Ratio has ranged from 0.04 to 1.66.
Is Ray Go Solar Holdings Bhd's Cash Ratio too high?
Ray Go Solar Holdings Bhd's current Cash Ratio of 0.59 is 44% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.66. The Semiconductors industry median Cash Ratio is 1.02. Ray Go Solar Holdings Bhd's value of 0.59 is 42.2% below this industry median. Overall, Ray Go Solar Holdings Bhd has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Ray Go Solar Holdings Bhd's Cash Ratio compare to FSLR and NXT?
Ray Go Solar Holdings Bhd's Cash Ratio of 0.59 can be compared against companies in the Semiconductors industry. The industry median Cash Ratio is 1.02. Ray Go Solar Holdings Bhd's value of 0.59 is 42.2% below this benchmark. Historically, Ray Go Solar Holdings Bhd's own Cash Ratio has ranged from 0.04 to 1.66 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 1.02, Ray Go Solar Holdings Bhd has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Semiconductors company?
The median Cash Ratio among Semiconductors companies is 1.02, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ray Go Solar Holdings Bhd's current Cash Ratio of 0.59 is 42.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Ray Go Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Cash Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Go Solar Holdings Bhd's current Cash Ratio is 0.59, which is 44% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Go Solar Holdings Bhd stock overvalued right now?
Ray Go Solar Holdings Bhd (XKLS:03052) has a current Cash Ratio of 0.59. The stock's GF Value™ is RM0.24, compared to a current price of RM0.17 — trading 29.2% below its estimated fair value. The current Cash Ratio is 0.59, which is 44% above median its 10-year median of 0.41 and 42.2% below the Semiconductors industry median of 1.02. Ray Go Solar Holdings Bhd's overall GF Score™ is 43/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Ray Go Solar Holdings Bhd (XKLS:03052), the current Cash Ratio is 0.59 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ray Go Solar Holdings Bhd (XKLS:03052) Overvalued in 2026?
Based on GuruFocus' analysis, Ray Go Solar Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.17 is trading 29.2% below its estimated GF Value™ of RM0.24.
Key valuation signals for XKLS:03052:
Cash Ratio: 0.59 (44% above median its 10-year median of 0.41)
GF Value™: RM0.24 vs. price of RM0.17 (29.2% below fair value)
Industry Position: 42.2% below the Semiconductors median
No single metric tells the full story. See the XKLS:03052 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Go Solar Holdings Bhd is a solar engineering procurement construction (EPC) company providing integrated solar services throughout the entire process of installing a photovoltaic (PV) system. Its business segments include Sales of energy generated from solar projects; and Engineering, Procurement, Construction, and Commissions (EPCC) in solar projects; and operations and maintenance for solar projects. Maximum revenue for the company is derived from its EPCC segment. Geographically, it operates only in Malaysia.
43GF Score
Get the complete analysis for XKLS:03052
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