Fastighets AB Balder has a Cash Ratio of 0.00. 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 Fastighets AB Balder's Cash Ratio or its related term are showing as below:
During the past 13 years, Fastighets AB Balder's highest Cash Ratio was 1.97. The lowest was 0.04. And the median was 0.43.
BALDF's Cash Ratio is not ranked *
in the Real Estate industry.
Industry Median: 0.32 * Ranked among companies with meaningful Cash Ratio only.
Fastighets AB Balder Cash Ratio Historical Data
The historical data trend for Fastighets AB Balder'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.
Competitive Comparison of Fastighets AB Balder's Cash Ratio
For the Real Estate - Diversified subindustry, Fastighets AB Balder'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.
Fastighets AB Balder's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Fastighets AB Balder's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Fastighets AB Balder's Cash Ratio falls into.
Fastighets AB Balder Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Fastighets AB Balder'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.
Fastighets AB Balder (OTCPK:BALDF) 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.
Fastighets AB Balder Cash Ratio Related Terms
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Fastighets AB Balder (Fastighets AB Balder) Business Description
Fastighets AB Balder is engaged in acquiring, developing, and managing residential properties and commercial properties based on local presence and creating customer value by meeting the needs of different customer groups for commercial premises and housing in Sweden, Denmark, Finland, Norway, Germany, and the UK. The company's property portfolio contains a wide variety of commercial space, ranging from office, retail, and warehouse space, out of which Residential properties constitute the majority portion of the company's portfolio. The Group's business segments are; Helsinki, Stockholm, Gothenburg, Copenhagen, South, East, and North. The company generates revenue through income earned on the rents of its properties and on the management of its real estate.
Fastighets AB Balder (Fastighets AB Balder) Headlines
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