Jin Medical International (Jin Medical International) Cash Ratio : 1.87 (As of Sep. 2023)

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What is Jin Medical International Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Jin Medical International's Cash Ratio for the quarter that ended in Sep. 2023 was 1.87.

Jin Medical International has a Cash Ratio of 1.87. 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 Jin Medical International's Cash Ratio or its related term are showing as below:

ZJYL' s Cash Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.99 Max: 1.87
Current: 1.87

During the past 4 years, Jin Medical International's highest Cash Ratio was 1.87. The lowest was 0.28. And the median was 0.99.

ZJYL's Cash Ratio is ranked better than
60.94% of 855 companies
in the Medical Devices & Instruments industry
Industry Median: 1.23 vs ZJYL: 1.87

Jin Medical International Cash Ratio Historical Data

The historical data trend for Jin Medical International'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.

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Jin Medical International Cash Ratio Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash Ratio

0.28

0.73

1.24

1.87

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash Ratio	Get a 7-Day Free Trial			0.73	0.98	1.24	1.79	1.87

Competitive Comparison of Jin Medical International's Cash Ratio

For the Medical Instruments & Supplies subindustry, Jin Medical International'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.

Jin Medical International's Cash Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jin Medical International's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Jin Medical International's Cash Ratio falls into.

Jin Medical International Cash Ratio Calculation

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

Jin Medical International's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash Ratio (A: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	16.698	/	8.924
	=	1.87

Jin Medical International's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	16.698	/	8.924
	=	1.87

Jin Medical International (NAS:ZJYL) 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.

Jin Medical International Cash Ratio Related Terms

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Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.