Asian Star Anchor Chain Co has a Cash Ratio of 3.28. 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 Asian Star Anchor Chain Co's Cash Ratio or its related term are showing as below:
SHSE:601890'
s Cash Ratio Range Over the Past 10 Years
Min: 1.34 Med: 2.54 Max: 4.42
Current: 3.28
During the past 13 years, Asian Star Anchor Chain Co's highest Cash Ratio was 4.42. The lowest was 1.34. And the median was 2.54.
SHSE:601890's Cash Ratio is ranked better than 95.65% of 138
companies
in the Industrial Distribution industry
Industry Median: 0.32
vs SHSE:601890: 3.28
Asian Star Anchor Chain 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 Asian Star Anchor Chain Co's Cash Ratio
For the Industrial Distribution subindustry, Asian Star Anchor Chain 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.
Asian Star Anchor Chain Co's Cash Ratio Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Asian Star Anchor Chain Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Asian Star Anchor Chain Co's Cash Ratio falls into.
Asian Star Anchor Chain 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.
Asian Star Anchor Chain Co (SHSE:601890) 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.
Asian Star Anchor Chain Co Cash Ratio Related Terms
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Asian Star Anchor Chain Co (SHSE:601890) Business Description
Asian Star Anchor Chain Co Ltd is engaged in the production and distribution of marine anchor chains and marine mooring chains. It mainly provides marine anchor chains and ocean platform mooring chains, as well as related parts and components. The company also offers accessories comprising Kenter Shackle, Joining Shackle, Swivel, End Shackle and Other fittings.
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