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 Tourism Group Duty Free's Cash Ratio for the quarter that ended in Dec. 2023 was 2.08.
China Tourism Group Duty Free has a Cash Ratio of 2.08. 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 China Tourism Group Duty Free's Cash Ratio or its related term are showing as below:
SHSE:601888'
s Cash Ratio Range Over the Past 10 Years
Min: 0.89 Med: 1.5 Max: 2.32
Current: 2.08
During the past 13 years, China Tourism Group Duty Free's highest Cash Ratio was 2.32. The lowest was 0.89. And the median was 1.50.
SHSE:601888's Cash Ratio is ranked better than 91.05% of 1095
companies
in the Retail - Cyclical industry
Industry Median: 0.38
vs SHSE:601888: 2.08
China Tourism Group Duty Free Cash Ratio Historical Data
The historical data trend for China Tourism Group Duty Free'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.
For the Specialty Retail subindustry, China Tourism Group Duty Free'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 Tourism Group Duty Free Cash Ratio Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Cash Ratio distribution charts can be found below:
* The bar in red indicates where China Tourism Group Duty Free's Cash Ratio falls into.
China Tourism Group Duty Free 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 Tourism Group Duty Free's Cash Ratio for the fiscal year that ended in Dec. 2023 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 Tourism Group Duty Free (SHSE:601888) 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 Tourism Group Duty Free Cash Ratio Related Terms
Thank you for viewing the detailed overview of China Tourism Group Duty Free's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Tourism Group Duty Free (SHSE:601888) Business Description
China Tourism Group Duty Free Corp Ltd is an investment holding company. The company's segments include Retail and Property. It generates maximum revenue from the Retail segment. The Retail segment offers a comprehensive series of duty-free and duty-paid merchandise to customers in Mainland China, Hong Kong, Macau, Cambodia, etc, through its travel retail business. It also engages sales of duty-free and duty-paid merchandise and income from provision of related services.
China Tourism Group Duty Free (SHSE:601888) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:601888 has been successfully added to your 