Nanjing Hanrui Cobalt Co has a Cash Ratio of 0.77. 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 Nanjing Hanrui Cobalt Co's Cash Ratio or its related term are showing as below:
SZSE:300618'
s Cash Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.67 Max: 1.39
Current: 0.77
During the past 12 years, Nanjing Hanrui Cobalt Co's highest Cash Ratio was 1.39. The lowest was 0.23. And the median was 0.67.
SZSE:300618's Cash Ratio is ranked worse than 56.29% of 2585
companies
in the Metals & Mining industry
Industry Median: 1.16
vs SZSE:300618: 0.77
Nanjing Hanrui Cobalt 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 Nanjing Hanrui Cobalt Co's Cash Ratio
For the Copper subindustry, Nanjing Hanrui Cobalt 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.
Nanjing Hanrui Cobalt Co's Cash Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nanjing Hanrui Cobalt Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Nanjing Hanrui Cobalt Co's Cash Ratio falls into.
Nanjing Hanrui Cobalt 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.
Nanjing Hanrui Cobalt 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.
Nanjing Hanrui Cobalt Co (SZSE:300618) 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.
Nanjing Hanrui Cobalt Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Nanjing Hanrui Cobalt Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description
Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.
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