The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Dah Chong Hong Holdings's current ratio for the quarter that ended in Jun. 2019 was 1.45.
Dah Chong Hong Holdings has a current ratio of 1.45. It generally indicates good short-term financial strength.
The historical rank and industry rank for Dah Chong Hong Holdings's Current Ratio or its related term are showing as below:
DAHCY'
s Current Ratio Range Over the Past 10 Years
Min: 1.22 Med: 1.56 Max: 2
Current: 1.45
During the past 13 years, Dah Chong Hong Holdings's highest Current Ratio was 2.00. The lowest was 1.22. And the median was 1.56.
DAHCY's Current Ratio is not ranked
in the Vehicles & Parts industry.
Industry Median: 1.52
vs DAHCY: 1.45
Dah Chong Hong Holdings Current Ratio Historical Data
* 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.
Competitive Comparison of Dah Chong Hong Holdings's Current Ratio
For the Auto & Truck Dealerships subindustry, Dah Chong Hong Holdings's Current Ratio, along with its competitors' market caps and Current 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.
Dah Chong Hong Holdings's Current Ratio Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Dah Chong Hong Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Dah Chong Hong Holdings's Current Ratio falls into.
Dah Chong Hong Holdings Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Dah Chong Hong Holdings's Current Ratio for the fiscal year that ended in Dec. 2018 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.
Dah Chong Hong Holdings (OTCPK:DAHCY) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Dah Chong Hong Holdings Current Ratio Related Terms
Thank you for viewing the detailed overview of Dah Chong Hong Holdings's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Dah Chong Hong Holdings (Dah Chong Hong Holdings) Business Description
Dah Chong Hong Holdings Ltd (DCH) is a business conglomerate that operates in the consumer market of Greater China, Singapore and Japan. DCH operates a diversified portfolio of business including motor and motor-related business, as well as food and consumer products business with its logistics services activities. DCH's majority of the revenue is earned from the motor and motor related business that includes distribution and dealership of motor vehicle, and it's other motor related business includes an operation of independent service outlets, trading of equipment parts & used car, motor leasing, and selling of yachts. It also operates other small business including property, advertising, insurance and other investments.
Dah Chong Hong Holdings (Dah Chong Hong Holdings) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
DAHCY has been successfully added to your 