Malee Group PCL 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 Malee Group PCL's Cash Ratio or its related term are showing as below:
BKK:MALEE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.15
Current: 0.15
During the past 13 years, Malee Group PCL's highest Cash Ratio was 0.15. The lowest was 0.03. And the median was 0.05.
BKK:MALEE's Cash Ratio is ranked worse than 71.61% of 1846
companies
in the Consumer Packaged Goods industry
Industry Median: 0.38
vs BKK:MALEE: 0.15
Malee Group PCL Cash Ratio Historical Data
The historical data trend for Malee Group PCL'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 Malee Group PCL's Cash Ratio
For the Packaged Foods subindustry, Malee Group PCL'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.
Malee Group PCL's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Malee Group PCL's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Malee Group PCL's Cash Ratio falls into.
Malee Group PCL Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Malee Group PCL'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.
Malee Group PCL (BKK:MALEE) 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.
Malee Group PCL Cash Ratio Related Terms
Thank you for viewing the detailed overview of Malee Group PCL's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Malee Group PCL is engaged in the production and distribution of canned agriculture products, fruit juices, and non-alcohol beverages, along with its subsidiaries. It offers Fruit juices, Vegetable mixed fruit juices, Pasteurized juices, Canned fruits, Pasteurized milk, Corn milk, and other similar products. The agricultural products segment contributes majorly to the group's revenue. The businesses of the group are Branded businesses in which it sells the products under the company's brand and Contract manufacturing business which includes the development of products according to the customers' requirements under the customers' brand. The group distributes its products in Thailand and internationally, of which key sales revenue is generated within Thailand.
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