Leader Steel Holdings Bhd has a Cash Ratio of 0.64. 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 Leader Steel Holdings Bhd's Cash Ratio or its related term are showing as below:
XKLS:9881'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.64
Current: 0.64
During the past 13 years, Leader Steel Holdings Bhd's highest Cash Ratio was 0.64. The lowest was 0.01. And the median was 0.06.
XKLS:9881's Cash Ratio is ranked better than 70.85% of 621
companies
in the Steel industry
Industry Median: 0.29
vs XKLS:9881: 0.64
Leader Steel Holdings 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 Leader Steel Holdings Bhd's Cash Ratio
For the Steel subindustry, Leader Steel Holdings 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.
Leader Steel Holdings Bhd's Cash Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Leader Steel Holdings Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Leader Steel Holdings 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.
Leader Steel Holdings Bhd (XKLS:9881) 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.
Leader Steel Holdings Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Leader Steel Holdings Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Leader Steel Holdings Bhd is an investment holding company. It is engaged in the business segment of Manufacturing, processing, and trading of steel and metal products and minerals. The group's steel and metal products include steel pipes and tubes, hollow sections, and steel flat bar, whereas the minerals include iron ore, manganese, mill scales, and slags. Geographically, the company operates in Malaysia, China, Hong Kong, Macau, the United Kingdom, and other countries, of which key revenue is generated from Malaysia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XKLS:9881 has been successfully added to your 