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. Macau Legend Development's Cash Ratio for the quarter that ended in Jun. 2022 was 0.02.
Macau Legend Development has a Cash Ratio of 0.02. 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 Macau Legend Development's Cash Ratio or its related term are showing as below:
HKSE:01680'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.62 Max: 6.99
Current: 0.02
During the past 10 years, Macau Legend Development's highest Cash Ratio was 6.99. The lowest was 0.02. And the median was 0.62.
HKSE:01680's Cash Ratio is ranked worse than 96.81% of 814
companies
in the Travel & Leisure industry
Industry Median: 0.58
vs HKSE:01680: 0.02
Macau Legend Development Cash Ratio Historical Data
The historical data trend for Macau Legend Development'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.
Macau Legend Development Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Cash Ratio
0.07
1.10
0.81
0.11
0.11
Macau Legend Development Semi-Annual Data
Dec12
Jun13
Dec13
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Cash Ratio
0.43
0.11
0.04
0.11
0.02
Competitive Comparison
For the Resorts & Casinos subindustry, Macau Legend Development'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.
Macau Legend Development Cash Ratio Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Macau Legend Development's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Macau Legend Development's Cash Ratio falls in comparison to its industry or sector. The grey bar indicates the Cash Ratio's extreme value range as defined by GuruFocus.
Macau Legend Development Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Macau Legend Development's Cash Ratio for the fiscal year that ended in Dec. 2021 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.
Macau Legend Development (HKSE:01680) 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.
Macau Legend Development Cash Ratio Related Terms
Thank you for viewing the detailed overview of Macau Legend Development's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Macau Legend Development (HKSE:01680) Business Description
Macau Legend Development Ltd is an investment holdings company,It is engaged in the resorts and casinos industry. The business has two segments: Gaming and Non-Gaming. The Gaming segment is engaged in gaming-related services such as gaming tables and electronic gaming machines. The company's flagship resort and gaming center is The Landmark Macau, a hotel, casino, and luxury shopping center. The Non-Gaming segment is involved in hotel operations, such as food and beverage services and others. The company generates the vast majority of its revenue in Macau.
Create New Portfolio
Portfolio Contest
Personalize
Premium Gurus 
(1.67%) Volume: 194,000 Mar. 29
Email Alerts
Stock PDF
RSS
Website
Sources
Download
Manual of Stocks™ Web APP
HKSE:01680 has been successfully added to your 
