Globaltec Formation Bhd has a Cash Ratio of 1.02. 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 Globaltec Formation Bhd's Cash Ratio or its related term are showing as below:
XKLS:5220'
s Cash Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.91 Max: 1.49
Current: 1.02
During the past 13 years, Globaltec Formation Bhd's highest Cash Ratio was 1.49. The lowest was 0.59. And the median was 0.91.
XKLS:5220's Cash Ratio is ranked better than 80.17% of 1301
companies
in the Vehicles & Parts industry
Industry Median: 0.36
vs XKLS:5220: 1.02
Globaltec Formation 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 Globaltec Formation Bhd's Cash Ratio
For the Auto Parts subindustry, Globaltec Formation 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.
Globaltec Formation Bhd's Cash Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Globaltec Formation Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Globaltec Formation Bhd's Cash Ratio falls into.
* 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.
Globaltec Formation Bhd (XKLS:5220) 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.
Globaltec Formation Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Globaltec Formation Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Globaltec Formation Bhd is an auto parts manufacturer. Its business is divided into four reportable segments namely Integrated Manufacturing Services (IMS), Resources, Energy, and Investment Holding. The IMS segment deals with designing and manufacturing automotive components, and it also consists of the precision machining, stamping, and tooling arm and the semiconductor division. The Resources segment includes the oil palm plantation and coal mining divisions. The Energy segment includes oil and gas exploration, production, and services. Lastly, the Investment Holding segment manages the company's investments in subsidiaries. The company generates the majority of its revenue from the IMS segment. Geographically, it derives key revenue from Malaysia.
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