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King Resources (King Resources) Cash Ratio

: 0.00 (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. King Resources's Cash Ratio for the quarter that ended in Dec. 2023 was 0.00.

King Resources has a Cash Ratio of 0.00. 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 King Resources's Cash Ratio or its related term are showing as below:

During the past 5 years, King Resources's highest Cash Ratio was 0.17. The lowest was 0.01. And the median was 0.02.

KRFG's Cash Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 0.52
* Ranked among companies with meaningful Cash Ratio only.

King Resources Cash Ratio Historical Data

The historical data trend for King Resources'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.

King Resources Annual Data
Trend Oct99 Oct00 Mar21 Mar22 Mar23
Cash Ratio
- - 0.02 0.01 -

King Resources Quarterly Data
Jan00 Apr00 Jul00 Oct00 Jan01 Apr01 Jul01 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.03 - - - -

Competitive Comparison

For the Electrical Equipment & Parts subindustry, King Resources'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.


King Resources Cash Ratio Distribution

For the Industrial Products industry and Industrials sector, King Resources's Cash Ratio distribution charts can be found below:

* The bar in red indicates where King Resources's Cash Ratio falls into.



King Resources Cash Ratio Calculation

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

King Resources's Cash Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash Ratio (A: Mar. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=0.005/2.723
=0.00

King Resources'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
=0.002/2.963
=0.00

* 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.


King Resources  (OTCPK:KRFG) 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.


King Resources Cash Ratio Related Terms

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King Resources (King Resources) Business Description

Traded in Other Exchanges
N/A
Address
26-28 Au Pui Wan Street, Unit 1813, 18th Floor, Fo Tan Industrial Centre, Fo Tan, Hong Kong, HKG
King Resources Inc is engaged primarily in the development of smart power supply solutions and products in Hong Kong. The company focuses on research and development solutions, sales of own brand smart power supply products, and development of IoT products across our smart home, smart office and smart fitness ecosystem.
Executives
Lo Mei Fan Pauline director UNIT 1813, 18/F, FO TAN INDUSTRIAL CTR, 26-28 AU PUI WAN STREET, FO TAN K3 00000
Wong Kan Tat Frederick director UNIT 1813, 18/F, FO TAN INDUSTRIAL CTR, 26-28 AU PUI WAN STREET, FO TAN K3 00000
Ping Kee Lau director, officer: CFO and Director FLAT C5, 26/F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Silver Bloom Properties Ltd 10 percent owner UNIT 1813,18/F, FO TAN INDUSTRIAL CENTRE, 26-28 AU PUI WANT STREET, FO TAN K3 00000
Wah Fu director, 10 percent owner, officer: CEO, Secretary and Director UNIT 1813,18/F, FO TAN INDUSTRIAL CENTRE, 26-28 AU PUI WAN STREET, FO TAN K3 00000