BOC Aviation has a Cash Ratio of 0.12. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for BOC Aviation's Cash Ratio or its related term are showing as below:
HKSE:02588'
s Cash Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.17 Max: 0.33
Current: 0.12
During the past 12 years, BOC Aviation's highest Cash Ratio was 0.33. The lowest was 0.12. And the median was 0.17.
HKSE:02588's Cash Ratio is ranked worse than 85.1% of 1054
companies
in the Business Services industry
Industry Median: 0.58
vs HKSE:02588: 0.12
BOC Aviation Cash Ratio Historical Data
The historical data trend for BOC Aviation'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 BOC Aviation's Cash Ratio
For the Rental & Leasing Services subindustry, BOC Aviation'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.
BOC Aviation's Cash Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, BOC Aviation's Cash Ratio distribution charts can be found below:
* The bar in red indicates where BOC Aviation's Cash Ratio falls into.
BOC Aviation Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
BOC Aviation'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.
BOC Aviation (HKSE:02588) 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.
BOC Aviation Cash Ratio Related Terms
Thank you for viewing the detailed overview of BOC Aviation's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
BOC Aviation is the world's fifth-largest aircraft leasing company by net book value of owned aircraft, with a portfolio of more than 600 commercial passenger and cargo aircraft. The company was founded in 1993 in Singapore as a joint venture between Singapore Airlines and U.S.-based Boullioun Aviation Services. In 2006, the company was acquired by the Bank of China and took on its current name. Listed on the Stock Exchange of Hong Kong in 2016, BOC Aviation remains headquartered in Singapore, but has operations in Dublin, London, New York, and Tianjin. Bank of China remains its largest shareholder with a 70% stake. BOC Aviation has an international management team with its key leaders having more than 30 years of experience in the aircraft and leasing business.
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