Niks Professional has a Cash Ratio of 1.55. 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 Niks Professional's Cash Ratio or its related term are showing as below:
SGX:NPL'
s Cash Ratio Range Over the Past 10 Years
Min: 3.89 Med: 5.54 Max: 7.45
Current: 3.89
During the past 4 years, Niks Professional's highest Cash Ratio was 7.45. The lowest was 3.89. And the median was 5.54.
SGX:NPL's Cash Ratio is ranked better than 90.81% of 653
companies
in the Healthcare Providers & Services industry
Industry Median: 0.5
vs SGX:NPL: 3.89
Niks Professional Cash Ratio Historical Data
The historical data trend for Niks Professional'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 Niks Professional's Cash Ratio
For the Medical Care Facilities subindustry, Niks Professional'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.
Niks Professional's Cash Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Niks Professional's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Niks Professional's Cash Ratio falls into.
Niks Professional Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Niks Professional's Cash Ratio for the fiscal year that ended in Dec. 2023 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.
Niks Professional (SGX:NPL) 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.
Niks Professional Cash Ratio Related Terms
Thank you for viewing the detailed overview of Niks Professional's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Niks Professional Ltd is an integrated medical skin care provider, incorporating family dermatology and aesthetic medical services, skin care products, facial treatment and medical camouflage service under one roof and a single NIKS brand. It owns and operates three medical clinics in Singapore focusing on family dermatology and aesthetic medicine. its clinical services are complemented by a portfolio of some 200 quality medical skin care products. its products are conceptualized and developed in Singapore and made in the finest factories in the United States and Europe.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SGX:NPL has been successfully added to your