Oriental Enterprise Holdings has a Cash Ratio of 1.97. 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 Oriental Enterprise Holdings's Cash Ratio or its related term are showing as below:
HKSE:00018'
s Cash Ratio Range Over the Past 10 Years
Min: 1.97 Med: 8.1 Max: 14.17
Current: 1.97
During the past 13 years, Oriental Enterprise Holdings's highest Cash Ratio was 14.17. The lowest was 1.97. And the median was 8.10.
HKSE:00018's Cash Ratio is ranked better than 83.5% of 976
companies
in the Media - Diversified industry
Industry Median: 0.55
vs HKSE:00018: 1.97
Oriental Enterprise Holdings 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 Oriental Enterprise Holdings's Cash Ratio
For the Publishing subindustry, Oriental Enterprise Holdings'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.
Oriental Enterprise Holdings's Cash Ratio Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Oriental Enterprise Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Oriental Enterprise Holdings's Cash Ratio falls into.
Oriental Enterprise Holdings 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.
Oriental Enterprise Holdings (HKSE:00018) 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.
Oriental Enterprise Holdings Cash Ratio Related Terms
Thank you for viewing the detailed overview of Oriental Enterprise Holdings's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Oriental Enterprise Holdings (HKSE:00018) Business Description
Oriental Enterprise Holdings Ltd, formerly Oriental Press Group Ltd is a Hong Kong-based company engaged in the publication of newspapers including internet subscription and advertising income. The firm operates in the reportable segments of Publication of newspapers, Money lending business and Others. The Publication of newspapers segment, which acts as a major revenue earner, includes internet subscription and relevant advertising income. The revenue of other operating segments includes rental income from investment properties, license fee income from hotel property and income from restaurant operation. It has a geographic presence in Hong Kong and Australia.
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