What is PT Pabrik Kertas Tjiwi Kimia Tbk 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. PT Pabrik Kertas Tjiwi Kimia Tbk's Cash Ratio for the quarter that ended in Dec. 2023 was 0.69.
PT Pabrik Kertas Tjiwi Kimia Tbk has a Cash Ratio of 0.69. 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 PT Pabrik Kertas Tjiwi Kimia Tbk's Cash Ratio or its related term are showing as below:
ISX:TKIM'
s Cash Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.61 Max: 0.85
Current: 0.69
During the past 13 years, PT Pabrik Kertas Tjiwi Kimia Tbk's highest Cash Ratio was 0.85. The lowest was 0.27. And the median was 0.61.
ISX:TKIM's Cash Ratio is ranked better than 67.25% of 284
companies
in the Forest Products industry
Industry Median: 0.3
vs ISX:TKIM: 0.69
PT Pabrik Kertas Tjiwi Kimia Tbk Cash Ratio Historical Data
The historical data trend for PT Pabrik Kertas Tjiwi Kimia Tbk'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 PT Pabrik Kertas Tjiwi Kimia Tbk's Cash Ratio
For the Paper & Paper Products subindustry, PT Pabrik Kertas Tjiwi Kimia Tbk'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.
PT Pabrik Kertas Tjiwi Kimia Tbk's Cash Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Pabrik Kertas Tjiwi Kimia Tbk's Cash Ratio distribution charts can be found below:
* The bar in red indicates where PT Pabrik Kertas Tjiwi Kimia Tbk's Cash Ratio falls into.
PT Pabrik Kertas Tjiwi Kimia Tbk Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
PT Pabrik Kertas Tjiwi Kimia Tbk'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.
PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) 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.
PT Pabrik Kertas Tjiwi Kimia Tbk Cash Ratio Related Terms
Thank you for viewing the detailed overview of PT Pabrik Kertas Tjiwi Kimia Tbk's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) Business Description
PT Pabrik Kertas Tjiwi Kimia Tbk is engaged in paper and stationery manufacturing with its main product such as printed paper, coated, and carbonless. The company also produces a wide range of converted stationery and office products such as exercise books, writing pad, loose-leaf, spiral, envelope, computer form, gift wrapping paper, and shopping bag. It operates in two business segments that are Cultural paper products, and Industrial paper products and others. The Cultural paper products segment consists primarily of printing and writing paper and related paper products; the Industrial paper segment consists of fluting medium paper and carton boxes; The other product segment includes the sale of the chemical by-product.
PT Pabrik Kertas Tjiwi Kimia Tbk (ISX:TKIM) Headlines
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