Goodfellow (Goodfellow) Cash Ratio : 0.06 (As of Feb. 2024)

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What is Goodfellow 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. Goodfellow's Cash Ratio for the quarter that ended in Feb. 2024 was 0.06.

Goodfellow has a Cash Ratio of 0.06. 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 Goodfellow's Cash Ratio or its related term are showing as below:

GFELF' s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.63
Current: 0.06

During the past 13 years, Goodfellow's highest Cash Ratio was 0.63. The lowest was 0.01. And the median was 0.02.

GFELF's Cash Ratio is ranked worse than
83.1% of 284 companies
in the Forest Products industry
Industry Median: 0.295 vs GFELF: 0.06

Goodfellow Cash Ratio Historical Data

The historical data trend for Goodfellow'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.

Goodfellow Cash Ratio Chart

Goodfellow Annual Data

Trend

Aug13

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash Ratio

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0.04

0.07

0.08

0.63

Goodfellow Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash Ratio	Get a 7-Day Free Trial															0.03	0.04	0.18	0.63	0.06

Competitive Comparison of Goodfellow's Cash Ratio

For the Lumber & Wood Production subindustry, Goodfellow'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.

Goodfellow's Cash Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Goodfellow's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Goodfellow's Cash Ratio falls into.

Goodfellow Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Goodfellow's Cash Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Cash Ratio (A: Nov. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	20.704	/	32.933
	=	0.63

Goodfellow's Cash Ratio for the quarter that ended in Feb. 2024 is calculated as:

Cash Ratio (Q: Feb. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	3.257	/	50.185
	=	0.06

Goodfellow (OTCPK:GFELF) 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.

Goodfellow Cash Ratio Related Terms

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Goodfellow (Goodfellow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Goodfellow Inc (OTCPK:GFELF) » Definitions » Cash Ratio

Comparable Companies

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GDL:Canada

Address

225 Goodfellow Street, Delson, QC, CAN, J5B 1V5

Website

https://www.goodfellowinc.com

Goodfellow Inc is engaged in various business activities related to remanufacturing and distribution of lumber and wood products. The Company manages its operations under one operating segment i.e. sale of Lumber, Specialty and commodity panels, Flooring and Building materials. Majority of company's revenue is generated from sale of Lumber. The company operates in Canada and The United States; majority revenue is generated from Canada.