Dongkoo Bio&Pharma Co has a Cash Ratio of 0.31. 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 Dongkoo Bio&Pharma Co's Cash Ratio or its related term are showing as below:
XKRX:006620'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.43 Max: 0.87
Current: 0.31
During the past 10 years, Dongkoo Bio&Pharma Co's highest Cash Ratio was 0.87. The lowest was 0.04. And the median was 0.43.
XKRX:006620's Cash Ratio is ranked worse than 65.63% of 995
companies
in the Drug Manufacturers industry
Industry Median: 0.59
vs XKRX:006620: 0.31
* 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 Dongkoo Bio&Pharma Co's Cash Ratio
For the Drug Manufacturers - Specialty & Generic subindustry, Dongkoo Bio&Pharma Co'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.
Dongkoo Bio&Pharma Co's Cash Ratio Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Dongkoo Bio&Pharma Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Dongkoo Bio&Pharma Co'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.
Dongkoo Bio&Pharma Co (XKRX:006620) 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.
Dongkoo Bio&Pharma Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Dongkoo Bio&Pharma Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dongkoo Bio&Pharma Co Ltd is engaged in the research, development, manufacture, and sale of pharmaceuticals products. The company provides products for digestants, other analgesics and antipyretics, nonsteroidal anti-inflammatory drugs, oral hypoglycemic agents, antiplatelet agents, antihistamines and anti-allergic, and decongestants and nasal sprays. It offers its products in multiple forms such as capsules, tablet, powder, granule, and liquid. The company exports its products to various countries including Vietnam, New Zealand, Thailand, Hong Kong and Singapore.
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