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Galaxy Entertainment Group Cash Ratio

: 0.00 (As of Jun. 2021)
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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. Galaxy Entertainment Group's Cash Ratio for the quarter that ended in Jun. 2021 was 0.00.

Galaxy Entertainment Group has a Cash Ratio of 0.00. 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 Galaxy Entertainment Group's Cash Ratio or its related term are showing as below:

OTCPK:GXYYY' s Cash Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.82   Max: 1.88
Current: 1.16

0.25
1.88

During the past 13 years, Galaxy Entertainment Group's highest Cash Ratio was 1.88. The lowest was 0.25. And the median was 0.82.

OTCPK:GXYYY's Cash Ratio is ranked higher than
70% of the 864 Companies
in the Travel & Leisure industry.

( Industry Median: 0.61 vs. OTCPK:GXYYY: 1.16 )

Galaxy Entertainment Group Cash Ratio Historical Data

The historical data trend for Galaxy Entertainment Group'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.

Galaxy Entertainment Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cash Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 0.66 0.68 0.82 0.77

Galaxy Entertainment Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Cash Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Resorts & Casinos subindustry, Galaxy Entertainment Group'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.

   

Galaxy Entertainment Group Cash Ratio Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Entertainment Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Galaxy Entertainment Group's Cash Ratio falls into.



Galaxy Entertainment Group Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Galaxy Entertainment Group's Cash Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Cash Ratio (A: Dec. 2020 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2362.4659760833/3081.4838942711
=0.77

Galaxy Entertainment Group's Cash Ratio for the quarter that ended in Jun. 2021 is calculated as:

Cash Ratio (Q: Jun. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=3099.7496682428/2665.8100673821
=1.16

* 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.


Galaxy Entertainment Group  (OTCPK:GXYYY) 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.


Galaxy Entertainment Group Cash Ratio Related Terms

Thank you for viewing the detailed overview of Galaxy Entertainment Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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