Resources Global Development has a Cash Ratio of 1.50. 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 Resources Global Development's Cash Ratio or its related term are showing as below:
SGX:V7R'
s Cash Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.79 Max: 2.3
Current: 1.5
During the past 8 years, Resources Global Development's highest Cash Ratio was 2.30. The lowest was 0.44. And the median was 0.79.
SGX:V7R's Cash Ratio is ranked better than 82.2% of 955
companies
in the Transportation industry
Industry Median: 0.55
vs SGX:V7R: 1.50
Resources Global Development 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 Resources Global Development's Cash Ratio
For the Marine Shipping subindustry, Resources Global Development'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.
Resources Global Development's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Resources Global Development's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Resources Global Development's Cash Ratio falls into.
Resources Global Development 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.
Resources Global Development (SGX:V7R) 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.
Resources Global Development Cash Ratio Related Terms
Thank you for viewing the detailed overview of Resources Global Development's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Resources Global Development (SGX:V7R) Business Description
Resources Global Development Ltd is engaged in the procurement and sale of coal within Indonesia. The company provides chartering services of tugboats, barges and bulk carriers to its customers to transport coal within the Indonesian territories. Through its subsidiary, it procures a supply of thermal coal from coal mines located in South Kalimantan, Indonesia for domestic sales. It operates Coal Shipping Services through its subsidiary, which covers domestic shipping routes mainly between coal mines located in South Kalimantan to the Java and Sulawesi islands in Indonesia. The company's coal shipping services include chartering services and transshipment services.
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