GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Logiq Asset Management Ltd. (OTCPK:AHFCF) » Definitions » Cash Ratio

Logiq Asset Management (Logiq Asset Management) Cash Ratio : 1.26 (As of Mar. 2018)


View and export this data going back to 2005. Start your Free Trial

What is Logiq Asset Management 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. Logiq Asset Management's Cash Ratio for the quarter that ended in Mar. 2018 was 1.26.

Logiq Asset Management has a Cash Ratio of 1.26. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Logiq Asset Management's Cash Ratio or its related term are showing as below:

AHFCF's Cash Ratio is not ranked *
in the Asset Management industry.
Industry Median: 1.59
* Ranked among companies with meaningful Cash Ratio only.

Logiq Asset Management Cash Ratio Historical Data

The historical data trend for Logiq Asset Management'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.

Logiq Asset Management Cash Ratio Chart

Logiq Asset Management Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Sep17
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.97 1.78 0.75 0.02

Logiq Asset Management Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.02 0.02 1.37 1.26

Competitive Comparison of Logiq Asset Management's Cash Ratio

For the Asset Management subindustry, Logiq Asset Management'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.


Logiq Asset Management's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Logiq Asset Management's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Logiq Asset Management's Cash Ratio falls into.



Logiq Asset Management Cash Ratio Calculation

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

Logiq Asset Management's Cash Ratio for the fiscal year that ended in Sep. 2017 is calculated as:

Cash Ratio (A: Sep. 2017 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1.051/42.148
=0.02

Logiq Asset Management's Cash Ratio for the quarter that ended in Mar. 2018 is calculated as:

Cash Ratio (Q: Mar. 2018 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=3.938/3.115
=1.26

* 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.


Logiq Asset Management  (OTCPK:AHFCF) 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.


Logiq Asset Management Cash Ratio Related Terms

Thank you for viewing the detailed overview of Logiq Asset Management's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Logiq Asset Management (Logiq Asset Management) Business Description

Traded in Other Exchanges
N/A
Address
Logiq Asset Management Ltd. is a Canada based company engaged in asset management and advisory business. The main business activities of the company are management, distribution, and administration of mutual funds, closed-end funds, private equity funds, hedge funds, segregated institutional funds, and other fee-based investment products for Canadian investors. Management fees for portfolios contribute majorly to the company's revenue.

Logiq Asset Management (Logiq Asset Management) Headlines

From GuruFocus

Flow Capital Announces Investment In MiniLuxe

By GlobeNewswire GlobeNewswire 04-28-2021

Flow Capital Announces 2020 First Quarter Results

By GlobeNewswire GlobeNewswire 05-19-2020

Notice of Flow Capital's Q2 2022 Financial Results Conference Call

By GlobeNewswire GlobeNewswire 08-11-2022

Flow Capital Announces Q3 2021 Financial Results

By GlobeNewswire GlobeNewswire 11-11-2021

Flow Capital Announces Q2 2021 Financial Results

By GlobeNewswire GlobeNewswire 08-20-2021

Flow Capital Announces 2022 Annual Audited Financial Results

By GlobeNewswire GlobeNewswire 03-29-2023

Flow Capital Announces Q1 2023 Financial Results

By GlobeNewswire GlobeNewswire 05-27-2023