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. China Yongda Automobiles Services Holdings's Cash Ratio for the quarter that ended in Jun. 2023 was 0.16.
China Yongda Automobiles Services Holdings has a Cash Ratio of 0.16. 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 China Yongda Automobiles Services Holdings's Cash Ratio or its related term are showing as below:
CYYHF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.16 Max: 0.29
Current: 0.15
During the past 13 years, China Yongda Automobiles Services Holdings's highest Cash Ratio was 0.29. The lowest was 0.11. And the median was 0.16.
CYYHF's Cash Ratio is ranked worse than 74.4% of 1285
companies
in the Vehicles & Parts industry
Industry Median: 0.36
vs CYYHF: 0.15
China Yongda Automobiles Services Holdings Cash Ratio Historical Data
The historical data trend for China Yongda Automobiles Services 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.
China Yongda Automobiles Services Holdings Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Cash Ratio
0.14
0.24
0.18
0.18
0.15
China Yongda Automobiles Services 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
0.18
0.29
0.18
0.16
0.15
Competitive Comparison
For the Auto & Truck Dealerships subindustry, China Yongda Automobiles Services 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.
China Yongda Automobiles Services Holdings Cash Ratio Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, China Yongda Automobiles Services Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where China Yongda Automobiles Services Holdings's Cash Ratio falls into.
China Yongda Automobiles Services 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.
China Yongda Automobiles Services 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.
China Yongda Automobiles Services Holdings (OTCPK:CYYHF) 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.
China Yongda Automobiles Services Holdings Cash Ratio Related Terms
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China Yongda Automobiles Services Holdings (China Yongda Automobiles Services Holdings) Business Description
China Yongda Automobiles Services Holdings Ltd is a Chinese company involved in automobile sales service, automobile finance, and automobile rental. The company's reportable segments are as follows, 1) Passenger vehicle sales and services which includes the sale of passenger vehicles and provision of after-sales services, including repair and maintenance services, certain auxiliary passenger vehicles sales-related services and provision of other passenger vehicles-related services; and 2) Automobile operating lease services. The majority of the company's revenue is earned through the Passenger vehicle sales and services segment.
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