What is Pegasus International Holdings 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. Pegasus International Holdings's Cash Ratio for the quarter that ended in Jun. 2023 was 2.75.
Pegasus International Holdings has a Cash Ratio of 2.75. 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 Pegasus International Holdings's Cash Ratio or its related term are showing as below:
HKSE:00676'
s Cash Ratio Range Over the Past 10 Years
Min: 1.37 Med: 2.39 Max: 6.65
Current: 3.26
During the past 13 years, Pegasus International Holdings's highest Cash Ratio was 6.65. The lowest was 1.37. And the median was 2.39.
HKSE:00676's Cash Ratio is ranked better than 92.51% of 1028
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.36
vs HKSE:00676: 3.26
Pegasus International Holdings Cash Ratio Historical Data
The historical data trend for Pegasus International Holdings'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 Pegasus International Holdings's Cash Ratio
For the Footwear & Accessories subindustry, Pegasus International Holdings'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.
Pegasus International Holdings's Cash Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pegasus International Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Pegasus International Holdings's Cash Ratio falls into.
Pegasus International Holdings Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Pegasus International Holdings'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.
Pegasus International Holdings (HKSE:00676) 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.
Pegasus International Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Pegasus International Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Pegasus International Holdings (HKSE:00676) Business Description
Pegasus International Holdings Ltd is an investment holding company. The group is engaged in the manufacture and sale of footwear products and leasing of investment properties to generate operating lease income. The majority of revenue is derived from manufacture and sale of footwear products. Geographically the business is spread across the United States, Japan, and other regions. Its footwear categories include Safety shoes, Goodyear Welt and Direct Attach Injected Dual Density PU/Rubber, PU/TPU, and PU/ PU. Its product line includes Man's shoes, Woman's shoes, and Child's shoes, Fashion casual shoes, Outdoor casual shoes, Hiking boots, Snowboard boots, Skateboard shoes, Aqua sports shoes, Athletic shoes, Sports sandals, and Golf shoes, among others.
Pegasus International Holdings (HKSE:00676) Headlines
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