Piraeus Port Authority has a Cash Ratio of 2.64. 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 Piraeus Port Authority's Cash Ratio or its related term are showing as below:
ATH:PPA'
s Cash Ratio Range Over the Past 10 Years
Min: 1.57 Med: 2.54 Max: 3.55
Current: 2.64
During the past 13 years, Piraeus Port Authority's highest Cash Ratio was 3.55. The lowest was 1.57. And the median was 2.54.
ATH:PPA's Cash Ratio is ranked better than 90.74% of 972
companies
in the Transportation industry
Industry Median: 0.54
vs ATH:PPA: 2.64
* 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 Piraeus Port Authority's Cash Ratio
For the Marine Shipping subindustry, Piraeus Port Authority'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.
Piraeus Port Authority's Cash Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Piraeus Port Authority's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Piraeus Port Authority's Cash Ratio falls into.
Piraeus Port Authority Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Piraeus Port Authority'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.
Piraeus Port Authority (ATH:PPA) 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.
Piraeus Port Authority Cash Ratio Related Terms
Thank you for viewing the detailed overview of Piraeus Port Authority's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Piraeus Port Authority (ATH:PPA) Business Description
Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.
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