Signature International Bhd has a Cash Ratio of 0.49. 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 Signature International Bhd's Cash Ratio or its related term are showing as below:
XKLS:7246'
s Cash Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.56 Max: 1.24
Current: 0.49
During the past 13 years, Signature International Bhd's highest Cash Ratio was 1.24. The lowest was 0.32. And the median was 0.56.
XKLS:7246's Cash Ratio is ranked better than 50.23% of 426
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.485
vs XKLS:7246: 0.49
Signature International 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 Signature International Bhd's Cash Ratio
For the Furnishings, Fixtures & Appliances subindustry, Signature International 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.
Signature International Bhd's Cash Ratio Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Signature International Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Signature International 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.
Signature International Bhd (XKLS:7246) 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.
Signature International Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Signature International Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Signature International Bhd is principally engaged in the business of investment holding. The company through its subsidiaries manufactures, markets, and distributes modular kitchen and wardrobes systems under its flagship brand SignatureKitchen and mass-market brand Kubiq. The Group is organized into business units based on its products and services and has five reportable segments: Design, manufacture, and retail of kitchen and wardrobe systems; Manufacture of glass and aluminium products; Interior fit-out works, and Others. It derives a majority of its revenue from the Design, Manufacture, and Retail of Kitchen and Wardrobe Systems segment. Geographically, it generates maximum revenue from Malaysia.
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