Tiong Nam Logistics Holdings Bhd has a current ratio of 0.63. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Tiong Nam Logistics Holdings Bhd has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Tiong Nam Logistics Holdings Bhd's Current Ratio or its related term are showing as below:
XKLS:8397'
s Current Ratio Range Over the Past 10 Years
Min: 0.6 Med: 0.99 Max: 1.54
Current: 0.63
During the past 13 years, Tiong Nam Logistics Holdings Bhd's highest Current Ratio was 1.54. The lowest was 0.60. And the median was 0.99.
XKLS:8397's Current Ratio is ranked worse than 88.9% of 991
companies
in the Transportation industry
Industry Median: 1.43
vs XKLS:8397: 0.63
Tiong Nam Logistics Holdings Bhd 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.
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Tiong Nam Logistics Holdings Bhd Current Ratio Chart
Competitive Comparison of Tiong Nam Logistics Holdings Bhd's Current Ratio
For the Integrated Freight & Logistics subindustry, Tiong Nam Logistics Holdings Bhd'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.
Tiong Nam Logistics Holdings Bhd's Current Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Tiong Nam Logistics Holdings Bhd's Current Ratio distribution charts can be found below:
* The bar in red indicates where Tiong Nam Logistics Holdings Bhd's Current Ratio falls into.
* 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.
Tiong Nam Logistics Holdings Bhd (XKLS:8397) 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.
Tiong Nam Logistics Holdings Bhd Current Ratio Related Terms
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Tiong Nam Logistics Holdings Bhd Business Description
Tiong Nam Logistics Holdings Bhd is a Malaysia-based investment holding company engaged in the provision of fully integrated logistics and warehousing services in the Asia Pacific region. It operates through four segments namely Logistics and warehousing services, which is the key revenue driver; Investment, Property Development, and Hotel and dormitory. It offers a variety of services such as warehouse space management services, trucking delivery, cross-border transfers, container haulage, heavy transportation, and last measure delivery for e-commerce companies. The company operates mainly in Malaysia.
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