Sheen Tai Holdings Group Co has a Cash Ratio of 9.24. 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 Sheen Tai Holdings Group Co's Cash Ratio or its related term are showing as below:
HKSE:01335'
s Cash Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.72 Max: 12.54
Current: 9.24
During the past 13 years, Sheen Tai Holdings Group Co's highest Cash Ratio was 12.54. The lowest was 0.16. And the median was 0.72.
HKSE:01335's Cash Ratio is ranked better than 98.33% of 420
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.445
vs HKSE:01335: 9.24
Sheen Tai Holdings Group Co 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 Sheen Tai Holdings Group Co's Cash Ratio
For the Utilities - Renewable subindustry, Sheen Tai Holdings Group Co'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.
Sheen Tai Holdings Group Co's Cash Ratio Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sheen Tai Holdings Group Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Sheen Tai Holdings Group Co's Cash Ratio falls into.
Sheen Tai Holdings Group Co 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.
Sheen Tai Holdings Group Co (HKSE:01335) 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.
Sheen Tai Holdings Group Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Sheen Tai Holdings Group Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sheen Tai Holdings Group Co (HKSE:01335) Business Description
Sheen Tai Holdings Group Co Ltd is an investment holding company. The company operates through four segments namely Sales of sub-processing cigarette films segment engages in trading of sub-processing cigarette films; the Properties development and related services segment engages in the development and sales of properties and providing property management services; the Generation of photovoltaic power segment engages in generating and sales of electricity; and Sales of semi-conductors engages in trading of semi-conductors. It derives a majority of its revenue from the sales of the semi-conductors segment.
Sheen Tai Holdings Group Co (HKSE:01335) Headlines
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