China Shipbuilding Industry has a Cash Ratio of 0.80. 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 China Shipbuilding Industry's Cash Ratio or its related term are showing as below:
SHSE:601989'
s Cash Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.8 Max: 1.02
Current: 0.8
During the past 13 years, China Shipbuilding Industry's highest Cash Ratio was 1.02. The lowest was 0.59. And the median was 0.80.
SHSE:601989's Cash Ratio is ranked better than 72.22% of 306
companies
in the Aerospace & Defense industry
Industry Median: 0.36
vs SHSE:601989: 0.80
China Shipbuilding Industry Cash Ratio Historical Data
* 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 China Shipbuilding Industry's Cash Ratio
For the Aerospace & Defense subindustry, China Shipbuilding Industry'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 Shipbuilding Industry's Cash Ratio Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, China Shipbuilding Industry's Cash Ratio distribution charts can be found below:
* The bar in red indicates where China Shipbuilding Industry's Cash Ratio falls into.
China Shipbuilding Industry Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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 Shipbuilding Industry (SHSE:601989) 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 Shipbuilding Industry Cash Ratio Related Terms
Thank you for viewing the detailed overview of China Shipbuilding Industry's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Shipbuilding Industry (SHSE:601989) Business Description
China Shipbuilding Industry Corp is engaged in the designing, manufacturing and repairing of ships. The company also manufactures marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship supporting and electromechanical equipment, military-civilian integration strategy emerging industries. The main developer and supplier of domestic naval equipment is responsible for the manufacturing of naval main battle equipment and core ancillary equipment such as aircraft carriers, surface ships, conventional submarines, and underwater weapons.
China Shipbuilding Industry (SHSE:601989) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:601989 has been successfully added to your 