C-Site Co (XKRX:109670) Cash Ratio : 0.47 (As of Jun. 2024)

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What is C-Site Co Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. C-Site Co's Cash Ratio for the quarter that ended in Jun. 2024 was 0.47.

C-Site Co has a Cash Ratio of 0.47. 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 C-Site Co's Cash Ratio or its related term are showing as below:

XKRX:109670' s Cash Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.48 Max: 0.75
Current: 0.47

During the past 4 years, C-Site Co's highest Cash Ratio was 0.75. The lowest was 0.38. And the median was 0.48.

XKRX:109670's Cash Ratio is ranked better than
59.65% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.34 vs XKRX:109670: 0.47

C-Site Co Cash Ratio Historical Data

The historical data trend for C-Site Co'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.

* Premium members only.

C-Site Co Cash Ratio Chart

C-Site Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash Ratio

0.50

0.19

0.48

0.75

C-Site Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Cash Ratio	-	0.48	0.38	0.75	0.47

Competitive Comparison of C-Site Co's Cash Ratio

For the Apparel Manufacturing subindustry, C-Site 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.

C-Site Co's Cash Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, C-Site Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where C-Site Co's Cash Ratio falls into.

C-Site Co Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

C-Site Co's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	30570.6	/	40556.256
	=	0.75

C-Site Co's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	22668.964	/	48503.875
	=	0.47

C-Site Co (XKRX:109670) 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.

C-Site Co Cash Ratio Related Terms

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C-Site Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » C-Site Co Ltd (XKRX:109670) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

625 Teheran-ro, 2nd and 7th floors, Deokmyeong Building, Gangnam-gu, Samseong-dong, Seoul, KOR

Website

https://www.c-site.co.kr

C-Site Co Ltd is a clothing manufacturing company that produces knit clothing using Original Equipment Manufacturing and some Original Development Manufacturing methods. Their main product is KNIT, and majority of the sales are made through the OEM method. The customers include GAP, American Eagle Outfitters, H & M Hennes & Mauritz AB, and all products are manufactured and exported from overseas subsidiaries.

C-Site Co Headlines

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