CK Hutchison Holdings (CK Hutchison Holdings) Cash Ratio

: 0.78 (As of Dec. 2023)

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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. CK Hutchison Holdings's Cash Ratio for the quarter that ended in Dec. 2023 was 0.78.

CK Hutchison Holdings has a Cash Ratio of 0.78. 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 CK Hutchison Holdings's Cash Ratio or its related term are showing as below:

CKHUF' s Cash Ratio Range Over the Past 10 Years
Min: 0.61 Med: 0.88 Max: 1.4
Current: 0.78

During the past 13 years, CK Hutchison Holdings's highest Cash Ratio was 1.40. The lowest was 0.61. And the median was 0.88.

CKHUF's Cash Ratio is ranked better than
70.49% of 515 companies
in the Conglomerates industry
Industry Median: 0.39 vs CKHUF: 0.78

CK Hutchison Holdings Cash Ratio Historical Data

The historical data trend for CK Hutchison 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.

CK Hutchison Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.86

0.90

0.84

0.78

CK Hutchison 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	Get a 7-Day Free Trial															0.84	0.74	0.78	0.89	0.78

Competitive Comparison

For the Conglomerates subindustry, CK Hutchison 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.

CK Hutchison Holdings Cash Ratio Distribution

For the Conglomerates industry and Industrials sector, CK Hutchison Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where CK Hutchison Holdings's Cash Ratio falls into.

CK Hutchison 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.

CK Hutchison Holdings's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	16302.978	/	20810.392
	=	0.78

CK Hutchison Holdings's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	16302.978	/	20810.392
	=	0.78

CK Hutchison Holdings (OTCPK:CKHUF) 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.

CK Hutchison Holdings Cash Ratio Related Terms

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CK Hutchison Holdings (CK Hutchison Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CK Hutchison Holdings Ltd (OTCPK:CKHUF) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

CKHUY:USA 00001:Hong Kong 2CK:Germany

Address

2 Queen’s Road Central, 48th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.ckh.com.hk

CK Hutchison Holdings, or CKH, is a Hong Kong headquartered conglomerate with key businesses in ports, retail, infrastructure, and telecommunications. The company was created in 2015 to house the merged assets of Cheung Kong Holdings and Hutchison Whampoa as the group sought to flatten out and simplify its original holding structure. CKH contains most of the businesses previously housed in Hutchison Whampoa, minus the property assets, which were spun off into their own listing, CK Asset Holdings. Telecommunications and infrastructure activities now make up the largest share of EBITDA, at around 27%.