GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chengdu Zhonghuan Flow Controls Mfg Co Ltd (BJSE:836260) » Definitions » Cash Ratio

Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Cash Ratio : 1.20 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Chengdu Zhonghuan Flow Controls Mfg Co 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. Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio for the quarter that ended in Mar. 2024 was 1.20.

Chengdu Zhonghuan Flow Controls Mfg Co has a Cash Ratio of 1.20. 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 Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio or its related term are showing as below:

BJSE:836260' s Cash Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.86   Max: 2.06
Current: 1.2

During the past 11 years, Chengdu Zhonghuan Flow Controls Mfg Co's highest Cash Ratio was 2.06. The lowest was 0.02. And the median was 0.86.

BJSE:836260's Cash Ratio is ranked better than
74.13% of 2984 companies
in the Industrial Products industry
Industry Median: 0.54 vs BJSE:836260: 1.20

Chengdu Zhonghuan Flow Controls Mfg Co Cash Ratio Historical Data

The historical data trend for Chengdu Zhonghuan Flow Controls Mfg Co'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.

Chengdu Zhonghuan Flow Controls Mfg Co Cash Ratio Chart

Chengdu Zhonghuan Flow Controls Mfg Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 1.42 1.90 0.90 1.04

Chengdu Zhonghuan Flow Controls Mfg Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 1.05 0.98 1.04 1.20

Competitive Comparison of Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio

For the Specialty Industrial Machinery subindustry, Chengdu Zhonghuan Flow Controls Mfg Co'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.


Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio falls into.



Chengdu Zhonghuan Flow Controls Mfg Co Cash Ratio Calculation

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

Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=145.419/139.542
=1.04

Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=150.515/125.564
=1.20

* 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.


Chengdu Zhonghuan Flow Controls Mfg Co  (BJSE:836260) 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.


Chengdu Zhonghuan Flow Controls Mfg Co Cash Ratio Related Terms

Thank you for viewing the detailed overview of Chengdu Zhonghuan Flow Controls Mfg Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Business Description

Traded in Other Exchanges
N/A
Address
No. 2139, Konggang 4th Road, Southwest Airport, Pilot Free Trade Zone, Xihanggang, Shuangliu District, Chengdu, CHN, 610207
Chengdu Zhonghuan Flow Controls Mfg Co Ltd engages in the design, development, production, and sales of valve actuators, wellhead safety control systems, and skid-mounted equipment. It manufactures API 6D valve gas-hydraulic actuators, electro-hydraulic actuators, and pneumatic actuators; API 6A wellhead safety control systems, wellhead safety valve actuators; skids for major conventional oil and gas fields, unconventional oil and gas fields, gas storage depots, and local gas companies Assembly and module manufacturing; control valves and instrumentation.

Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Headlines

No Headlines