Singamas Container Holdings has a Cash Ratio of 2.84. 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 Singamas Container Holdings's Cash Ratio or its related term are showing as below:
HKSE:00716'
s Cash Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.58 Max: 2.84
Current: 2.46
During the past 13 years, Singamas Container Holdings's highest Cash Ratio was 2.84. The lowest was 0.07. And the median was 0.58.
HKSE:00716's Cash Ratio is ranked better than 89.82% of 383
companies
in the Packaging & Containers industry
Industry Median: 0.33
vs HKSE:00716: 2.46
Singamas Container Holdings 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 Singamas Container Holdings's Cash Ratio
For the Packaging & Containers subindustry, Singamas Container 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.
Singamas Container Holdings's Cash Ratio Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Singamas Container Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Singamas Container Holdings's Cash Ratio falls into.
Singamas Container 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.
* 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.
Singamas Container Holdings (HKSE:00716) 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.
Singamas Container Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Singamas Container Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Singamas Container Holdings (HKSE:00716) Business Description
Singamas Container Holdings Ltd is a Hong Kong-based investment holding company. Its operations represent two business segments. The Manufacturing segment is the key revenue driver for the company. It involves the manufacturing of dry freight containers, collapsible flatrack containers, tank containers, offshore containers, other specialized containers, and container parts. The Logistics services segment is engaged in the provision of container storage, repair, and trucking services, serving as a freight station, container/cargo handling, and other container-related services. Its geographical segments include Hong Kong, Europe, the United States of America, Taiwan, Singapore, the Middle East, PRC, Korea, and Others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00716 has been successfully added to your 