Gas Malaysia Bhd has a Cash Ratio of 0.44. 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 Gas Malaysia Bhd's Cash Ratio or its related term are showing as below:
XKLS:5209'
s Cash Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.35 Max: 0.72
Current: 0.44
During the past 13 years, Gas Malaysia Bhd's highest Cash Ratio was 0.72. The lowest was 0.11. And the median was 0.35.
XKLS:5209's Cash Ratio is ranked better than 64.51% of 510
companies
in the Utilities - Regulated industry
Industry Median: 0.29
vs XKLS:5209: 0.44
Gas Malaysia Bhd Cash Ratio Historical Data
The historical data trend for Gas Malaysia Bhd's Cash Ratio can be seen below:
* 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 Gas Malaysia Bhd's Cash Ratio
For the Utilities - Regulated Gas subindustry, Gas Malaysia 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.
Gas Malaysia Bhd's Cash Ratio Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Gas Malaysia Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Gas Malaysia Bhd's Cash Ratio falls into.
Gas Malaysia 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.
Gas Malaysia 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.
Gas Malaysia Bhd (XKLS:5209) 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.
Gas Malaysia Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Gas Malaysia Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Gas Malaysia Bhd is a Malaysian gas utility company of which the shareholder is the state-owned Malaysian energy corporation, Petronas. Gas Malaysia is involved in the distribution and sale of natural gas and liquefied petroleum gas (LPG) within the Natural Gas Distribution System in Peninsular Malaysia. The company segments its operations into Natural Gas and LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Within this unit, the sale of natural gas generates the vast majority of revenue. Malaysia Gas also receives revenue from sales of LPG, the construction of pipelines, and pipeline usage tolling fees. While the company serves a variety of industrial and commercial consumers, its customers are residential entities.
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