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China Resources Mixc Lifestyle Services (HKSE:01209) Cash Ratio : 1.91 (As of Jun. 2023)


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What is China Resources Mixc Lifestyle Services 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. China Resources Mixc Lifestyle Services's Cash Ratio for the quarter that ended in Jun. 2023 was 1.91.

China Resources Mixc Lifestyle Services has a Cash Ratio of 1.91. 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 China Resources Mixc Lifestyle Services's Cash Ratio or its related term are showing as below:

HKSE:01209' s Cash Ratio Range Over the Past 10 Years
Min: 0.08   Med: 1.56   Max: 2.8
Current: 1.87

During the past 7 years, China Resources Mixc Lifestyle Services's highest Cash Ratio was 2.80. The lowest was 0.08. And the median was 1.56.

HKSE:01209's Cash Ratio is ranked better than
85.18% of 1775 companies
in the Real Estate industry
Industry Median: 0.33 vs HKSE:01209: 1.87

China Resources Mixc Lifestyle Services Cash Ratio Historical Data

The historical data trend for China Resources Mixc Lifestyle Services'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.

* Premium members only.

China Resources Mixc Lifestyle Services Cash Ratio Chart

China Resources Mixc Lifestyle Services Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial 0.13 2.80 2.25 1.57 1.87

China Resources Mixc Lifestyle Services Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.25 1.55 1.57 1.91 1.87

Competitive Comparison of China Resources Mixc Lifestyle Services's Cash Ratio

For the Real Estate Services subindustry, China Resources Mixc Lifestyle Services'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.


China Resources Mixc Lifestyle Services's Cash Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Resources Mixc Lifestyle Services's Cash Ratio distribution charts can be found below:

* The bar in red indicates where China Resources Mixc Lifestyle Services's Cash Ratio falls into.



China Resources Mixc Lifestyle Services Cash Ratio Calculation

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

China Resources Mixc Lifestyle Services's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=14062.601/8977.896
=1.57

China Resources Mixc Lifestyle Services's Cash Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash Ratio (Q: Jun. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=16683.68/8715.034
=1.91

* 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.


China Resources Mixc Lifestyle Services  (HKSE:01209) 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.


China Resources Mixc Lifestyle Services Cash Ratio Related Terms

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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description

Traded in Other Exchanges
N/A
Address
No. 9668 Shennan Avenue, 30th Floor, China Resources Land Building, Tower B, Nanshan District, Shenzhen, CHN
China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.

China Resources Mixc Lifestyle Services (HKSE:01209) Headlines

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