Yue Yuen Industrial (Holdings) has a Cash Ratio of 0.57. 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 Yue Yuen Industrial (Holdings)'s Cash Ratio or its related term are showing as below:
YUEIY'
s Cash Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.51 Max: 0.62
Current: 0.57
During the past 13 years, Yue Yuen Industrial (Holdings)'s highest Cash Ratio was 0.62. The lowest was 0.38. And the median was 0.51.
* 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 Yue Yuen Industrial (Holdings)'s Cash Ratio
For the Footwear & Accessories subindustry, Yue Yuen Industrial (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.
Yue Yuen Industrial (Holdings)'s Cash Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yue Yuen Industrial (Holdings)'s Cash Ratio distribution charts can be found below:
* The bar in red indicates where Yue Yuen Industrial (Holdings)'s Cash Ratio falls into.
Yue Yuen Industrial (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.
Yue Yuen Industrial (Holdings) (OTCPK:YUEIY) 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.
Yue Yuen Industrial (Holdings) Cash Ratio Related Terms
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Yue Yuen Industrial (Holdings) (Yue Yuen Industrial (Holdings)) Business Description
Yue Yuen Industrial (Holdings) Ltd is engaged in footwear businesses. The company operates in two reportable segments: Manufacturing Business and Retailing Business. Manufacturing Business contributes the majority of the revenue. Its products include athletic shoes, casual shoes, outdoor shoes, sports sandals, soles, components, and Apparel wholesale. The company operates in the United States, China, Europe, Asia, and Others.
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