San Miguel Brewery Hong Kong has a Cash Ratio of 1.73. 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 San Miguel Brewery Hong Kong's Cash Ratio or its related term are showing as below:
HKSE:00236'
s Cash Ratio Range Over the Past 10 Years
Min: 0.78 Med: 0.99 Max: 1.73
Current: 1.73
During the past 13 years, San Miguel Brewery Hong Kong's highest Cash Ratio was 1.73. The lowest was 0.78. And the median was 0.99.
HKSE:00236's Cash Ratio is ranked better than 87.44% of 199
companies
in the Beverages - Alcoholic industry
Industry Median: 0.33
vs HKSE:00236: 1.73
San Miguel Brewery Hong Kong Cash 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 San Miguel Brewery Hong Kong's Cash Ratio
For the Beverages - Brewers subindustry, San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong's Cash Ratio Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, San Miguel Brewery Hong Kong's Cash Ratio distribution charts can be found below:
* The bar in red indicates where San Miguel Brewery Hong Kong's Cash Ratio falls into.
San Miguel Brewery Hong Kong Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
San Miguel Brewery Hong Kong (HKSE:00236) 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.
San Miguel Brewery Hong Kong Cash Ratio Related Terms
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San Miguel Brewery Hong Kong (HKSE:00236) Business Description
San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned and draught beers. Its two reportable segments are 1) The Hong Kong operations comprise of the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas. 2) The Mainland China operations comprise of the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.
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