Hup Seng Industries Bhd has a Cash Ratio of 1.18. 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 Hup Seng Industries Bhd's Cash Ratio or its related term are showing as below:
XKLS:5024'
s Cash Ratio Range Over the Past 10 Years
Min: 0.96 Med: 1.34 Max: 2.16
Current: 1.18
During the past 13 years, Hup Seng Industries Bhd's highest Cash Ratio was 2.16. The lowest was 0.96. And the median was 1.34.
XKLS:5024's Cash Ratio is ranked better than 76.56% of 1796
companies
in the Consumer Packaged Goods industry
Industry Median: 0.37
vs XKLS:5024: 1.18
Hup Seng Industries 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 Hup Seng Industries Bhd's Cash Ratio
For the Packaged Foods subindustry, Hup Seng Industries 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.
Hup Seng Industries Bhd's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hup Seng Industries Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Hup Seng Industries Bhd's Cash Ratio falls into.
Hup Seng Industries 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.
Hup Seng Industries 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.
Hup Seng Industries Bhd (XKLS:5024) 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.
Hup Seng Industries Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Hup Seng Industries Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hup Seng Industries Bhd (XKLS:5024) Business Description
Hup Seng Industries Bhd is engaged in the business of manufacturing biscuits. Principally, it is involved in the production and sale of biscuits and confectionery food items as well as beverages. The company operates through three segments. It's Biscuit manufacturing segment manufacture and sells biscuits. The Beverage segment consists of wholesale of coffee mix and all kinds of foodstuff. It's Trading division segment markets and distributes biscuits, confectionery, and other foodstuffs. The company offers special cream crackers, cookies, cream sandwich biscuits, peanut butter sandwich, and many more.
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