China Kunda Technology Holdings has a Cash Ratio of 0.61. 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 China Kunda Technology Holdings's Cash Ratio or its related term are showing as below:
SGX:GU5'
s Cash Ratio Range Over the Past 10 Years
Min: 0.05 Med: 1.1 Max: 3.99
Current: 0.61
During the past 13 years, China Kunda Technology Holdings's highest Cash Ratio was 3.99. The lowest was 0.05. And the median was 1.10.
SGX:GU5's Cash Ratio is ranked better than 54.02% of 2982
companies
in the Industrial Products industry
Industry Median: 0.54
vs SGX:GU5: 0.61
China Kunda Technology 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 China Kunda Technology Holdings's Cash Ratio
For the Electrical Equipment & Parts subindustry, China Kunda Technology 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.
China Kunda Technology Holdings's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, China Kunda Technology Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where China Kunda Technology Holdings's Cash Ratio falls into.
China Kunda Technology 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.
China Kunda Technology Holdings (SGX:GU5) 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.
China Kunda Technology Holdings Cash Ratio Related Terms
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China Kunda Technology Holdings (SGX:GU5) Business Description
China Kunda Technology Holdings Ltd is engaged in plastic injection moulding with the ability to provide plastic engineering solutions in the production of complex plastic products. The Company has a diversified customer base spreading across a wide geographical region covering the People's Republic of China, Europe, and others. Its segments include IMD Plastic injection parts and Medical Devices. It derives the majority of its revenue from the IMD and Plastic injection parts segment that provides specialized plastic injection parts and technical services used mainly in the production of electrical appliances and electronic devices.
China Kunda Technology Holdings (SGX:GU5) Headlines
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