Bescient Technologies Co has a Cash Ratio of 2.64. 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 Bescient Technologies Co's Cash Ratio or its related term are showing as below:
SHSE:688671'
s Cash Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.91 Max: 3.82
Current: 2.64
During the past 5 years, Bescient Technologies Co's highest Cash Ratio was 3.82. The lowest was 0.50. And the median was 0.91.
SHSE:688671's Cash Ratio is ranked better than 88.86% of 2909
companies
in the Industrial Products industry
Industry Median: 0.54
vs SHSE:688671: 2.64
Bescient Technologies 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 Bescient Technologies Co's Cash Ratio
For the Pollution & Treatment Controls subindustry, Bescient Technologies 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.
Bescient Technologies Co's Cash Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bescient Technologies Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Bescient Technologies Co's Cash Ratio falls into.
Bescient Technologies 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.
Bescient Technologies Co'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.
Bescient Technologies Co (SHSE:688671) 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.
Bescient Technologies Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Bescient Technologies Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bescient Technologies Co (SHSE:688671) Business Description
Bescient Technologies Co Ltd is a national high-tech backbone enterprise engaged in the development of environmental automatic monitoring. It has always focused on the independent research and development of scientific instruments and big data and is committed to building multi-industry intelligent applications and services that perceive and interconnect all things, and provide strong technical support for the construction of the national ecological environment, water conservancy and public safety. Its main business involves research and development, production and technical services in the fields of intelligent environmental monitoring equipment, environmental monitoring Internet of Things and ecological environment big data, smart water affairs, digital agriculture, and public security.
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