Tong Herr Resources Bhd has a Cash Ratio of 3.14. 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 Tong Herr Resources Bhd's Cash Ratio or its related term are showing as below:
XKLS:5010'
s Cash Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.12 Max: 3.59
Current: 3.14
During the past 13 years, Tong Herr Resources Bhd's highest Cash Ratio was 3.59. The lowest was 0.51. And the median was 1.12.
XKLS:5010's Cash Ratio is ranked better than 91.9% of 2976
companies
in the Industrial Products industry
Industry Median: 0.52
vs XKLS:5010: 3.14
Tong Herr Resources 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.
Competitive Comparison of Tong Herr Resources Bhd's Cash Ratio
For the Tools & Accessories subindustry, Tong Herr Resources 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.
Tong Herr Resources Bhd's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tong Herr Resources Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tong Herr Resources Bhd's Cash Ratio falls into.
Tong Herr Resources 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.
Tong Herr Resources Bhd's Cash Ratio for the fiscal year that ended in Dec. 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.
Tong Herr Resources Bhd (XKLS:5010) 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.
Tong Herr Resources Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Tong Herr Resources Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tong Herr Resources Bhd is a Malaysia-based investment holding company. It operates through two segments namely Manufacture and sale of stainless steel fasteners and Manufacture and sale of aluminum products. The company derives maximum revenue from the Manufacture and sale of stainless steel fasteners segment. It is engaged in the production and marketing of stainless steel fasteners such as nuts, bolts, screws, and all other threaded items, aluminum extrusion, and its related products. It operates geographically across countries like Malaysia, Taiwan, the United States of America, and Other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:5010 has been successfully added to your 