China Yibai United Guarantee International Holding has a Cash Ratio of 0.20. 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.
* 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.
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China Yibai United Guarantee International Holding Cash Ratio Chart
China Yibai United Guarantee International Holding Annual Data
Trend
Sep01
Sep02
Sep03
Sep22
Sep23
Cash Ratio
0.12
0.09
0.09
0.20
0.44
China Yibai United Guarantee International Holding Quarterly Data
* 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 Yibai United Guarantee International Holding's Cash Ratio Distribution in the Software Industry
* 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 Yibai United Guarantee International Holding (OTCPK:CBGH) 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 Yibai United Guarantee International Holding Cash Ratio Related Terms
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China Yibai United Guarantee International Holding (China Yibai United Guarantee International Holding) Business Description
China Yibai United Guarantee International Holding Inc along with its subsidiary provides mobile device users on demand cleaning and other home maintenance services (residential and commercial) information and access through its proprietary TidyCall App. There are two versions of the TidyCall App, TidyCall User which is for consumers and TidyCall Provider which is for approved Cleaning Service Providers.
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