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Ho Wah Genting Bhd (XKLS:9601) Cash Ratio : 0.38 (As of Dec. 2023)


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What is Ho Wah Genting Bhd 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. Ho Wah Genting Bhd's Cash Ratio for the quarter that ended in Dec. 2023 was 0.38.

Ho Wah Genting Bhd has a Cash Ratio of 0.38. 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 Ho Wah Genting Bhd's Cash Ratio or its related term are showing as below:

XKLS:9601' s Cash Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.16   Max: 0.38
Current: 0.38

During the past 13 years, Ho Wah Genting Bhd's highest Cash Ratio was 0.38. The lowest was 0.07. And the median was 0.16.

XKLS:9601's Cash Ratio is ranked worse than
60.88% of 2909 companies
in the Industrial Products industry
Industry Median: 0.54 vs XKLS:9601: 0.38

Ho Wah Genting Bhd Cash Ratio Historical Data

The historical data trend for Ho Wah Genting Bhd'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.

Ho Wah Genting Bhd Cash Ratio Chart

Ho Wah Genting Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Apr22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.10 0.17 0.15 0.38

Ho Wah Genting Bhd Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Mar21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only 1.09 0.24 0.13 0.53 0.38

Competitive Comparison of Ho Wah Genting Bhd's Cash Ratio

For the Electrical Equipment & Parts subindustry, Ho Wah Genting 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.


Ho Wah Genting Bhd's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ho Wah Genting Bhd's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Ho Wah Genting Bhd's Cash Ratio falls into.



Ho Wah Genting 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.

Ho Wah Genting Bhd's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=11.668/30.637
=0.38

Ho Wah Genting Bhd's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=11.668/30.637
=0.38

* 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.


Ho Wah Genting Bhd  (XKLS:9601) 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.


Ho Wah Genting Bhd Cash Ratio Related Terms

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Ho Wah Genting Bhd (XKLS:9601) Business Description

Traded in Other Exchanges
N/A
Address
No. 35, Jalan Maharajalela, 1st Floor, Wisma Ho Wah Genting, Kuala Lumpur, SGR, MYS, 50150
Ho Wah Genting Bhd is engaged in investment holdings and the provision of management services to its subsidiaries. The group has four operating segments, namely, Investment, Moulded power supply cord sets, Healthcare and Travelling Services. Moulded power supply cord sets is engaged in manufacturing and trading of wires and cables, moulded power supply cord sets and cable assemblies for electrical and electronic devices and equipment. The group earns a majority of the revenue from Moulded power supply cord sets. Geographically, the group has a presence in North America, Malaysia and the Rest of Asia; with a majority of the revenue being generated from North America.

Ho Wah Genting Bhd (XKLS:9601) Headlines

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