Harn Len Bhd has a Cash Ratio of 0.48. 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 Harn Len Bhd's Cash Ratio or its related term are showing as below:
XKLS:7501'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.59
Current: 0.48
During the past 13 years, Harn Len Bhd's highest Cash Ratio was 0.59. The lowest was 0.01. And the median was 0.08.
XKLS:7501's Cash Ratio is ranked better than 54.72% of 1855
companies
in the Consumer Packaged Goods industry
Industry Median: 0.4
vs XKLS:7501: 0.48
Harn Len Bhd Cash Ratio Historical Data
The historical data trend for Harn Len 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 Harn Len Bhd's Cash Ratio
For the Farm Products subindustry, Harn Len 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.
Harn Len Bhd's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Harn Len Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Harn Len 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.
Harn Len Bhd (XKLS:7501) 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.
Harn Len Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Harn Len Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Harn Len Corp Bhd is involved in the operation of oil palm plantations and oil milling operations. The operating segments of the company are; Plantation, and Property and Others. A majority of its revenue is generated from the Plantation segment which is engaged in the operation of oil palm estates, oil palm mills, sales and purchases of Fresh Fruit Bunches (FFB), cultivation of pineapples, sales and trading of Crude Palm Oil (CPO) and Palm Kernels (PK), and the provision of plantation development contract services. The Property and Others segment is involved in property investment in land, commercial and industrial buildings. Other business includes the operation of a food and beverage outlet.
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