Chin Well Holdings Bhd has a Cash Ratio of 2.84. 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 Chin Well Holdings Bhd's Cash Ratio or its related term are showing as below:
XKLS:5007'
s Cash Ratio Range Over the Past 10 Years
Min: 0.52 Med: 1.18 Max: 3.52
Current: 2.84
During the past 13 years, Chin Well Holdings Bhd's highest Cash Ratio was 3.52. The lowest was 0.52. And the median was 1.18.
XKLS:5007's Cash Ratio is ranked better than 90.84% of 2969
companies
in the Industrial Products industry
Industry Median: 0.52
vs XKLS:5007: 2.84
* 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 Chin Well Holdings Bhd's Cash Ratio
For the Tools & Accessories subindustry, Chin Well 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.
Chin Well Holdings Bhd's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chin Well Holdings Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Chin Well Holdings Bhd's Cash Ratio falls into.
Chin Well 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.
Chin Well Holdings Bhd's Cash Ratio for the fiscal year that ended in Jun. 2024 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.
Chin Well Holdings Bhd (XKLS:5007) 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.
Chin Well Holdings Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Chin Well Holdings Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Chin Well Holdings Bhd is a Malaysia-based investment holding company. It operates in three business segments. The Fastening products segment is a key revenue driver which is engaged in the manufacturing and trading of screws, nuts, bolts, and other related products. Its Wire products segment is involved in the production of precision galvanized wire, annealing wire, bright wire, hard drawn wire, polyvinyl chloride wire, bent round bar, and grill mesh. The Investment holding segment comprises investment holding and property investment activities. Geographically, it operates in Malaysia, Europe, North America, Vietnam, Australia, Other Asia Pacific countries and others. It derives a majority of its revenue from Europe.
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