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. JD Health International's Cash Ratio for the quarter that ended in Dec. 2023 was 2.78.
JD Health International has a Cash Ratio of 2.78. 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 JD Health International's Cash Ratio or its related term are showing as below:
HKSE:06618'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 2.87 Max: 8.61
Current: 2.78
During the past 7 years, JD Health International's highest Cash Ratio was 8.61. The lowest was 0.03. And the median was 2.87.
HKSE:06618's Cash Ratio is ranked better than 85.05% of 649
companies
in the Healthcare Providers & Services industry
Industry Median: 0.51
vs HKSE:06618: 2.78
JD Health International Cash Ratio Historical Data
The historical data trend for JD Health International'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.
JD Health International Annual Data
Trend
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Cash Ratio
4.12
8.61
5.25
2.87
2.78
JD Health International Semi-Annual Data
Dec17
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Cash Ratio
5.25
4.41
2.87
3.87
2.78
Competitive Comparison
For the Medical Care Facilities subindustry, JD Health International'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.
JD Health International Cash Ratio Distribution
For the Healthcare Providers & Services industry and Healthcare sector, JD Health International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where JD Health International's Cash Ratio falls into.
JD Health International Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
JD Health International's Cash Ratio for the fiscal year that ended in Dec. 2023 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.
JD Health International (HKSE:06618) 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.
JD Health International Cash Ratio Related Terms
Thank you for viewing the detailed overview of JD Health International's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
JD Health International (HKSE:06618) Business Description
JD Health is the largest healthcare e-commerce platform in China in terms of revenue. The company offers pharmaceutical drugs and healthcare products on its platform, both as a marketplace that connects merchants to consumers and as a first-party, or 1P, direct retailer. It also offers online consultation from real life doctors and separately partners with offline pharmacies that can provide location-based 24/7 delivery as part of an omnichannel initiative to complement its core e-commerce business. Its closest competitors are Alibaba Health, Ping An Good Doctor, and Meituan for its e-commerce business. As of Dec. 31, 2022, the platform has 154.3 million active annual users and over 70,000 merchants. JD Health is 67.49% owned by its parent company, JD.com.
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