Perak Bhd has a Cash Ratio of 0.26. 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 Perak Bhd's Cash Ratio or its related term are showing as below:
XKLS:8346'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.21 Max: 1.89
Current: 0.26
During the past 13 years, Perak Bhd's highest Cash Ratio was 1.89. The lowest was 0.01. And the median was 0.21.
XKLS:8346's Cash Ratio is ranked worse than 71.49% of 968
companies
in the Transportation industry
Industry Median: 0.545
vs XKLS:8346: 0.26
Perak Bhd Cash Ratio Historical Data
The historical data trend for Perak 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.
For the Marine Shipping subindustry, Perak 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.
Perak Bhd's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Perak Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Perak Bhd's Cash Ratio falls into.
Perak 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.
Perak Bhd's Cash Ratio for the fiscal year that ended in Dec. 2022 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.
Perak Bhd (XKLS:8346) 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.
Perak Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Perak Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Perak Corp Bhd is an investment holding company focused on Ports and logistics, Property development, Hospitality and tourism and Management services and others business segments. Ports and logistics segment includes maritime services in respect of the development of an integrated privatised project and encompassing operations of multipurpose port facilities, operation and maintenance of a bulk terminal, sales and rental of port related land and other activities; Property development includes Township development of real property and ancillary services; Hospitality and tourism segment includes Hotelier, restaurateur and theme park; Management services and others includes Provision of management services and other business segments which include property investment and distribution.
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