Focus Lumber Bhd has a Cash Ratio of 19.35. 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 Focus Lumber Bhd's Cash Ratio or its related term are showing as below:
XKLS:5197'
s Cash Ratio Range Over the Past 10 Years
Min: 4 Med: 10.22 Max: 29.53
Current: 19.35
During the past 13 years, Focus Lumber Bhd's highest Cash Ratio was 29.53. The lowest was 4.00. And the median was 10.22.
XKLS:5197's Cash Ratio is ranked better than 99.65% of 284
companies
in the Forest Products industry
Industry Median: 0.29
vs XKLS:5197: 19.35
Focus Lumber Bhd Cash Ratio Historical Data
The historical data trend for Focus Lumber Bhd's Cash Ratio can be seen below:
* 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 Focus Lumber Bhd's Cash Ratio
For the Lumber & Wood Production subindustry, Focus Lumber Bhd'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.
Focus Lumber Bhd's Cash Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Focus Lumber Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Focus Lumber Bhd's Cash Ratio falls into.
Focus Lumber Bhd Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Focus Lumber Bhd'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.
Focus Lumber Bhd (XKLS:5197) 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.
Focus Lumber Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Focus Lumber Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Focus Lumber Bhd operates as an investment holding company engaged in the manufacturing and sale of plywood, veneer, and laminated veneer lumber. It operates through the Manufacturing and Electricity segments. The Manufacturing segment engages in the business of manufacturing and sale of plywood, veneer, and laminated veneer lumber. The Electricity segment engages in the business of generation and sale of electricity. The geographical presence of the company is in Malaysia, Canada, Hong Kong, China, Australia, India, Korea, Japan, Taiwan, Thailand, the United States, and the UK. It generates the majority of its revenues from the Manufacturing segment.
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