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. Zhangjiagang Guangda Special Material Co's Cash Ratio for the quarter that ended in Jun. 2023 was 0.27.
Zhangjiagang Guangda Special Material Co has a Cash Ratio of 0.27. 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 Zhangjiagang Guangda Special Material Co's Cash Ratio or its related term are showing as below:
SHSE:688186'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.25 Max: 0.44
Current: 0.27
During the past 7 years, Zhangjiagang Guangda Special Material Co's highest Cash Ratio was 0.44. The lowest was 0.04. And the median was 0.25.
SHSE:688186's Cash Ratio is ranked better than 50.68% of 584
companies
in the Steel industry
Industry Median: 0.27
vs SHSE:688186: 0.27
Zhangjiagang Guangda Special Material Co Cash Ratio Historical Data
The historical data trend for Zhangjiagang Guangda Special Material Co'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.
Zhangjiagang Guangda Special Material Co Annual Data
Trend
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Cash Ratio
0.21
0.12
0.28
0.24
0.37
Zhangjiagang Guangda Special Material Co Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Cash Ratio
0.20
0.18
0.37
0.25
0.27
Competitive Comparison
For the Steel subindustry, Zhangjiagang Guangda Special Material Co'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.
Zhangjiagang Guangda Special Material Co Cash Ratio Distribution
For the Steel industry and Basic Materials sector, Zhangjiagang Guangda Special Material Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Zhangjiagang Guangda Special Material Co's Cash Ratio falls in comparison to its industry or sector. The grey bar indicates the Cash Ratio's extreme value range as defined by GuruFocus.
Zhangjiagang Guangda Special Material Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Zhangjiagang Guangda Special Material Co'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.
Zhangjiagang Guangda Special Material Co (SHSE:688186) 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.
Zhangjiagang Guangda Special Material Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Zhangjiagang Guangda Special Material Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhangjiagang Guangda Special Material Co (SHSE:688186) Business Description
Zhangjiagang Guangda Special Material Co Ltd is engaged in production and sale of special steel materials. The company's products include various types of castings and forgings and machine accessories: such as forged round bar, die and tool steel, wind power spindle, heavy load gear motor shaft, high pressure boiler pipe, roller, oil mechanical driller, tube-shaped forging, die block, ring forging, disk-shaped forging and all kinds of abnormal forgings. Its products are used in various industries such as wind power, chemical engineering, machinery, automobile, vessel, power station, metallurgy, mining and petrochemical.
Zhangjiagang Guangda Special Material Co (SHSE:688186) Headlines
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