IQ Group Holdings Bhd has a Cash Ratio of 2.66. 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 IQ Group Holdings Bhd's Cash Ratio or its related term are showing as below:
XKLS:5107'
s Cash Ratio Range Over the Past 10 Years
Min: 0.28 Med: 1.37 Max: 2.8
Current: 2.66
During the past 13 years, IQ Group Holdings Bhd's highest Cash Ratio was 2.80. The lowest was 0.28. And the median was 1.37.
XKLS:5107's Cash Ratio is ranked better than 86.15% of 1047
companies
in the Business Services industry
Industry Median: 0.59
vs XKLS:5107: 2.66
* 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 IQ Group Holdings Bhd's Cash Ratio
For the Security & Protection Services subindustry, IQ Group 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.
IQ Group Holdings Bhd's Cash Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, IQ Group Holdings Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where IQ Group Holdings Bhd's Cash Ratio falls into.
IQ Group 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.
IQ Group Holdings Bhd's Cash Ratio for the fiscal year that ended in Mar. 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.
IQ Group Holdings Bhd (XKLS:5107) 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.
IQ Group Holdings Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of IQ Group Holdings Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
IQ Group Holdings Bhd is engaged in the design and manufacture of lighting, security and convenience products. The group has three business divisions namely, Investment holding which offers management services; Manufacturing of passive infrared detectors, motion sensor light controllers, wireless video communication devices, doorbells, home security system, lighting fixtures and plastic products, development, design, manufacture, sale, and distribution of light emitting diode luminaires and the manufacture of light engines for use in luminaires; and Trading of security lighting systems, passive infrared detectors and motion sensor light controllers. The company carries its business operations in international countries and generates key revenue from the Manufacturing segment.
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