United Plantation Berhad has a Cash Ratio of 4.41. 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 United Plantation Berhad's Cash Ratio or its related term are showing as below:
XKLS:2089'
s Cash Ratio Range Over the Past 10 Years
Min: 0.59 Med: 5.18 Max: 9.11
Current: 4.41
During the past 13 years, United Plantation Berhad's highest Cash Ratio was 9.11. The lowest was 0.59. And the median was 5.18.
XKLS:2089's Cash Ratio is ranked better than 94.51% of 1840
companies
in the Consumer Packaged Goods industry
Industry Median: 0.39
vs XKLS:2089: 4.41
United Plantation Berhad 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 United Plantation Berhad's Cash Ratio
For the Farm Products subindustry, United Plantation Berhad'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.
United Plantation Berhad's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, United Plantation Berhad's Cash Ratio distribution charts can be found below:
* The bar in red indicates where United Plantation Berhad's Cash Ratio falls into.
United Plantation Berhad Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
United Plantation Berhad'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.
United Plantation Berhad (XKLS:2089) 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.
United Plantation Berhad Cash Ratio Related Terms
Thank you for viewing the detailed overview of United Plantation Berhad's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
United Plantation Berhad (XKLS:2089) Business Description
United Plantation Berhad cultivates and processes palm oil, coconuts, and other plantation crops. Its subsidiaries process and manufacture palm oil until it is ready to be packaged and distributed to customers worldwide. It owns light railway to transport products from palm trees to a handful of mills located on its property. Coconuts can be sold at a young age for drinking purposes, or as mature nuts to help produce milk, powders, and other products. End products produced by the company include cooking oils, ready-to-eat oils, soaps, and specialty fats. The remaining waste water and discharge from mill operations are used to produce fertilizers or shipped to ponds where it can be purified and released to rivers and waterways.
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