AMTD IDEA Group has a Cash Ratio of 0.91. 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 AMTD IDEA Group's Cash Ratio or its related term are showing as below:
AMTD'
s Cash Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.65 Max: 2.54
Current: 0.91
During the past 7 years, AMTD IDEA Group's highest Cash Ratio was 2.54. The lowest was 0.18. And the median was 0.65.
AMTD's Cash Ratio is ranked worse than 63.83% of 669
companies
in the Asset Management industry
Industry Median: 1.65
vs AMTD: 0.91
AMTD IDEA Group Cash Ratio Historical Data
The historical data trend for AMTD IDEA Group'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.
Competitive Comparison of AMTD IDEA Group's Cash Ratio
For the Asset Management subindustry, AMTD IDEA Group'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.
AMTD IDEA Group's Cash Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, AMTD IDEA Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where AMTD IDEA Group's Cash Ratio falls into.
AMTD IDEA Group Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
AMTD IDEA Group'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.
AMTD IDEA Group (NYSE:AMTD) 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.
AMTD IDEA Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of AMTD IDEA Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
AMTD IDEA Group (AMTD IDEA Group) Business Description
AMTD IDEA Group is a financial institution operating in four business segment: The capital market solutions segment assists customers in raising funds through equity and debt financing, private placements and debt issuances. The digital solutions and other services segment provides institutional and corporate clients with exclusive, paid access to enhance investor communication, investor relations and corporate communication. The fashion and luxury media advertising and marketing services segment, engages in provision of print and digital advertising campaigns, licensing, and value-added marketing services including branded content, video production, social media activation. The strategic investment segment engages in proprietary investments and management of investment portfolio.
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