Tai United Holdings has a Cash Ratio of 0.06. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Tai United Holdings's Cash Ratio or its related term are showing as below:
HKSE:00718'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.94 Max: 124.14
Current: 0.06
During the past 13 years, Tai United Holdings's highest Cash Ratio was 124.14. The lowest was 0.04. And the median was 0.94.
HKSE:00718's Cash Ratio is ranked worse than 89.47% of 95
companies
in the Medical Distribution industry
Industry Median: 0.23
vs HKSE:00718: 0.06
Tai United Holdings Cash Ratio Historical Data
The historical data trend for Tai United 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.
Competitive Comparison of Tai United Holdings's Cash Ratio
For the Medical Distribution subindustry, Tai United 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.
Tai United Holdings's Cash Ratio Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Tai United Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Tai United Holdings's Cash Ratio falls into.
Tai United 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.
Tai United Holdings's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:
* 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.
Tai United Holdings (HKSE:00718) 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.
Tai United Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Tai United Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tai United Holdings (HKSE:00718) Business Description
Tai United Holdings Ltd is an investment holding company. Its segments include Property investment segment engaged in property investment and leasing of properties; Medical equipment trading segment; Flooring materials trading segment; Mining and exploitation of natural resources segment engaged in mining and production of tungsten resources activities in the Republic of Mongolia; and Financial services and asset management segment that includes trading equity securities and derivatives and managing of assets arising from acquisition of distressed debts assets. It derives majority of the revenue from the Flooring materials trading segment.
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