Soaltee Hotel (XNEP:SHL) Cash Ratio : 0.36 (As of Dec. 2023)

Soaltee Hotel Cash Ratio Chart

Soaltee Hotel Annual Data
	Trend	Jul15	Jul16	Jul17	Jul18	Jul19	Jul20	Jul21	Jul22	Jul23
Cash Ratio		Get a 7-Day Free Trial				0.71	0.65	0.11	0.13	0.15

Soaltee Hotel Quarterly Data
	Jul17	Dec17	Mar18	Jul18	Dec18	Mar19	Jul19	Dec19	Mar20	Jul20	Dec20	Mar21	Jul21	Dec21	Mar22	Jul22	Dec22	Mar23	Jul23	Dec23
Cash Ratio	Get a 7-Day Free Trial															0.13	0.27	0.17	0.15	0.36

Competitive Comparison of Soaltee Hotel's Cash Ratio

For the Lodging subindustry, Soaltee Hotel'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.

Soaltee Hotel's Cash Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Soaltee Hotel's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Soaltee Hotel's Cash Ratio falls into.

Soaltee Hotel Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Soaltee Hotel's Cash Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Soaltee Hotel's Cash Ratio for the quarter 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.

Soaltee Hotel  (XNEP:SHL) 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.

Soaltee Hotel Cash Ratio Related Terms

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Soaltee Hotel (XNEP:SHL) Business Description