Maxland Bhd has a Cash Ratio of 0.02. 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 Maxland Bhd's Cash Ratio or its related term are showing as below:
XKLS:7123'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.38
Current: 0.02
During the past 13 years, Maxland Bhd's highest Cash Ratio was 0.38. The lowest was 0.01. And the median was 0.04.
XKLS:7123's Cash Ratio is ranked worse than 92.17% of 281
companies
in the Forest Products industry
Industry Median: 0.29
vs XKLS:7123: 0.02
Maxland Bhd Cash Ratio Historical Data
The historical data trend for Maxland 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 Maxland Bhd's Cash Ratio
For the Lumber & Wood Production subindustry, Maxland 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.
Maxland Bhd's Cash Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Maxland Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Maxland Bhd's Cash Ratio falls into.
Maxland 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.
Maxland Bhd's Cash Ratio for the fiscal year that ended in Jun. 2020 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.
Maxland Bhd (XKLS:7123) 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.
Maxland Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Maxland Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Maxland Bhd formerly Priceworth International Bhd is Malaysian timber and wood-based products industry. The company's Segments are the logging segment involved in the extraction, the sale of logs, and tree planting, the manufacturing segment is in the business of manufacturing and sale of plywood, raw and laminated particleboard, veneer, sawn timber, bare core board, finger joints, molded timber, wooden doors and window frames, and fire doors, the engineering segment is involved in the provision of marine services, including repair and maintenance of tugboats and barges amongst others; and the other segment is involved in investment holding and the provision of hiring services. The majority of its revenue is derived from Japan from plywood export (manufacturing segment).
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