Get Nice Holdings (HKSE:00064) Cash Ratio : 8.17 (As of Sep. 2023)

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What is Get Nice Holdings 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. Get Nice Holdings's Cash Ratio for the quarter that ended in Sep. 2023 was 8.17.

Get Nice Holdings has a Cash Ratio of 8.17. 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 Get Nice Holdings's Cash Ratio or its related term are showing as below:

HKSE:00064' s Cash Ratio Range Over the Past 10 Years
Min: 0.4 Med: 1.45 Max: 8.17
Current: 8.17

During the past 13 years, Get Nice Holdings's highest Cash Ratio was 8.17. The lowest was 0.40. And the median was 1.45.

HKSE:00064's Cash Ratio is ranked better than
85.37% of 656 companies
in the Capital Markets industry
Industry Median: 0.89 vs HKSE:00064: 8.17

Get Nice Holdings Cash Ratio Historical Data

The historical data trend for Get Nice Holdings'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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Get Nice Holdings Cash Ratio Chart

Get Nice Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash Ratio

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0.44

1.76

1.17

2.25

5.91

Get Nice Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash Ratio	Get a 7-Day Free Trial															1.53	2.25	3.24	5.91	8.17

Competitive Comparison of Get Nice Holdings's Cash Ratio

For the Capital Markets subindustry, Get Nice Holdings'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.

Get Nice Holdings's Cash Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Get Nice Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Get Nice Holdings's Cash Ratio falls into.

Get Nice Holdings Cash Ratio Calculation

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

Get Nice Holdings's Cash Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash Ratio (A: Mar. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	2826.614	/	478.086
	=	5.91

Get Nice Holdings's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	2954.385	/	361.803
	=	8.17

Get Nice Holdings (HKSE:00064) 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.

Get Nice Holdings Cash Ratio Related Terms

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Get Nice Holdings (HKSE:00064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Get Nice Holdings Ltd (HKSE:00064) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen's Road Central, Ground Floor to 3rd Floor, Cosco Tower, Grand Millennium Plaza, Hong Kong, HKG

Website

http://www.getnice.com.hk

Get Nice Holdings Ltd is a holding company and its principal business activities are money lending, property development and holding, investment in financial instruments, real estate brokerage, and the provision of financial services. The company manages its business in six segments namely Broking, Securities margin financing, Money lending, Corporate finance, asset management, and Investments. The company generates the majority of its revenue from the Securities margin financing segment.

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