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. CIMC Enric Holdings's Cash Ratio for the quarter that ended in Jun. 2023 was 0.49.
CIMC Enric Holdings has a Cash Ratio of 0.49. 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 CIMC Enric Holdings's Cash Ratio or its related term are showing as below:
CIMEF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.36 Max: 0.51
Current: 0.5
During the past 13 years, CIMC Enric Holdings's highest Cash Ratio was 0.51. The lowest was 0.24. And the median was 0.36.
CIMEF's Cash Ratio is ranked better than 55.53% of 1021
companies
in the Oil & Gas industry
Industry Median: 0.41
vs CIMEF: 0.50
CIMC Enric Holdings Cash Ratio Historical Data
The historical data trend for CIMC Enric 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.
* Premium members only.
CIMC Enric Holdings Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Cash Ratio
0.34
0.34
0.37
0.50
0.50
CIMC Enric Holdings Semi-Annual Data
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Cash Ratio
0.37
0.43
0.50
0.49
0.50
Competitive Comparison
For the Oil & Gas Equipment & Services subindustry, CIMC Enric 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.
CIMC Enric Holdings Cash Ratio Distribution
For the Oil & Gas industry and Energy sector, CIMC Enric Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where CIMC Enric Holdings's Cash Ratio falls into.
CIMC Enric 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.
CIMC Enric 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.
CIMC Enric Holdings (OTCPK:CIMEF) 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.
CIMC Enric Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of CIMC Enric Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CIMC Enric Holdings (CIMC Enric Holdings) Business Description
CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.
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