Malayan Flour Mills Bhd has a Cash Ratio of 0.48. 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 Malayan Flour Mills Bhd's Cash Ratio or its related term are showing as below:
XKLS:3662'
s Cash Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.31 Max: 0.48
Current: 0.48
During the past 13 years, Malayan Flour Mills Bhd's highest Cash Ratio was 0.48. The lowest was 0.15. And the median was 0.31.
XKLS:3662's Cash Ratio is ranked better than 55.79% of 1796
companies
in the Consumer Packaged Goods industry
Industry Median: 0.37
vs XKLS:3662: 0.48
Malayan Flour Mills Bhd 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 Malayan Flour Mills Bhd's Cash Ratio
For the Farm Products subindustry, Malayan Flour Mills Bhd'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.
Malayan Flour Mills Bhd's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Malayan Flour Mills Bhd's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Malayan Flour Mills Bhd's Cash Ratio falls into.
Malayan Flour Mills Bhd Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Malayan Flour Mills Bhd'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.
Malayan Flour Mills Bhd (XKLS:3662) 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.
Malayan Flour Mills Bhd Cash Ratio Related Terms
Thank you for viewing the detailed overview of Malayan Flour Mills Bhd's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Malayan Flour Mills Bhd (XKLS:3662) Business Description
Malayan Flour Mills Bhd is engaged in the flour milling industry in Malaysia. It has three operating segments; Flour and grain trading segment includes Milling and selling wheat flour and trading in grain and other allied products, Poultry integration segment includes Manufacture and sale of animal feeds, processing and sale of poultry products, poultry grow-out farm, breeding and sale of day-old-chicks and contract farming activities, and Other segment include Manufacture and sale of aqua feeds, re-measurement of contingent consideration receivable and provision for profit guarantee payment. Maximum revenue is generated by the Flour and grains trading segment. Geographically, Malaysia generates a majority of the revenue for the company.
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