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China Education Group Holdings (HKSE:00839) Cash Ratio : 0.70 (As of Aug. 2023)


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What is China Education Group Holdings 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. China Education Group Holdings's Cash Ratio for the quarter that ended in Aug. 2023 was 0.70.

China Education Group Holdings has a Cash Ratio of 0.70. 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 Education Group Holdings's Cash Ratio or its related term are showing as below:

HKSE:00839' s Cash Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.66   Max: 3.48
Current: 0.7

During the past 9 years, China Education Group Holdings's highest Cash Ratio was 3.48. The lowest was 0.58. And the median was 0.66.

HKSE:00839's Cash Ratio is ranked better than
50% of 260 companies
in the Education industry
Industry Median: 0.685 vs HKSE:00839: 0.70

China Education Group Holdings Cash Ratio Historical Data

The historical data trend for China Education Group Holdings'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.

China Education Group Holdings Cash Ratio Chart

China Education Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Aug19 Aug20 Aug21 Aug22 Aug23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only 1.11 1.26 0.58 0.66 0.70

China Education Group Holdings Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 0.62 0.66 0.70 0.70 -

Competitive Comparison of China Education Group Holdings's Cash Ratio

For the Education & Training Services subindustry, China Education Group 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.


China Education Group Holdings's Cash Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Education Group Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where China Education Group Holdings's Cash Ratio falls into.



China Education Group 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.

China Education Group Holdings's Cash Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Cash Ratio (A: Aug. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=6205.025/8888.075
=0.70

China Education Group Holdings's Cash Ratio for the quarter that ended in Aug. 2023 is calculated as:

Cash Ratio (Q: Aug. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=6205.025/8888.075
=0.70

* 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 Education Group Holdings  (HKSE:00839) 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 Education Group Holdings Cash Ratio Related Terms

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China Education Group Holdings (HKSE:00839) Business Description

Traded in Other Exchanges
Address
18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG
China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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