Safe Fertility Group PCL (BKK:SAFE) Cash Ratio : 11.83 (As of Dec. 2023)

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What is Safe Fertility Group PCL Cash Ratio?

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. Safe Fertility Group PCL's Cash Ratio for the quarter that ended in Dec. 2023 was 11.83.

Safe Fertility Group PCL has a Cash Ratio of 11.83. 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 Safe Fertility Group PCL's Cash Ratio or its related term are showing as below:

BKK:SAFE' s Cash Ratio Range Over the Past 10 Years
Min: 10.77 Med: 10.89 Max: 11.83
Current: 11.83

During the past 3 years, Safe Fertility Group PCL's highest Cash Ratio was 11.83. The lowest was 10.77. And the median was 10.89.

BKK:SAFE's Cash Ratio is ranked better than
98.18% of 658 companies
in the Healthcare Providers & Services industry
Industry Median: 0.495 vs BKK:SAFE: 11.83

Safe Fertility Group PCL Cash Ratio Historical Data

The historical data trend for Safe Fertility Group PCL'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.

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Safe Fertility Group PCL Cash Ratio Chart

Safe Fertility Group PCL Annual Data

Trend

Dec21

Dec22

Dec23

Cash Ratio

10.77

10.89

11.83

Safe Fertility Group PCL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	10.77	-	10.89	7.33	11.83

Competitive Comparison of Safe Fertility Group PCL's Cash Ratio

For the Medical Care Facilities subindustry, Safe Fertility Group PCL'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.

Safe Fertility Group PCL's Cash Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Safe Fertility Group PCL's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Safe Fertility Group PCL's Cash Ratio falls into.

Safe Fertility Group PCL Cash Ratio Calculation

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

Safe Fertility Group PCL's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1482.864	/	125.364
	=	11.83

Safe Fertility Group PCL'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
	=	1482.864	/	125.364
	=	11.83

Safe Fertility Group PCL (BKK:SAFE) 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.

Safe Fertility Group PCL Cash Ratio Related Terms

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Safe Fertility Group PCL (BKK:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Safe Fertility Group PCL (BKK:SAFE) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

496 – 502 Ploenchit Road, Amarin Plaza Building, 16, 17, 18th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.safefertilitygroup.com

Safe Fertility Group PCL is the first IVF Clinic in Bangkok, Thailand, and the second in ASEAN apart from Singapore that has been accredited by RTAC of the Fertility Society of Australia (FSA) and New Zealand. It provides expert care using leading technologies that are targeted to each patient's individual needs. The company offers a wide range of infertility treatments, all performed under the strictest safety standards.