Biwin Storage Technology Co has a Cash Ratio of 0.18. 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 Biwin Storage Technology Co's Cash Ratio or its related term are showing as below:
SHSE:688525'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.3 Max: 0.59
Current: 0.18
During the past 6 years, Biwin Storage Technology Co's highest Cash Ratio was 0.59. The lowest was 0.03. And the median was 0.30.
SHSE:688525's Cash Ratio is ranked worse than 89.9% of 990
companies
in the Semiconductors industry
Industry Median: 1.08
vs SHSE:688525: 0.18
Biwin Storage Technology 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 Biwin Storage Technology Co's Cash Ratio
For the Semiconductors subindustry, Biwin Storage Technology 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.
Biwin Storage Technology Co's Cash Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Biwin Storage Technology Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Biwin Storage Technology Co's Cash Ratio falls into.
Biwin Storage Technology 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.
Biwin Storage Technology Co (SHSE:688525) 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.
Biwin Storage Technology Co Cash Ratio Related Terms
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Biwin Storage Technology Co (SHSE:688525) Business Description
Biwin Storage Technology Co Ltd focuses on the research and development and packaging and testing of memory chips. The company integrates storage medium characteristic research, firmware algorithm development, storage chip advanced packaging, storage chip test equipment R&D and algorithm development, brand operation and others. Its memory chip products are widely used in mobile smart terminals, PCs, industry terminals, data centers, smart cars, mobile storage and other information technology fields.
Biwin Storage Technology Co (SHSE:688525) Headlines
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