Al-Mazaya Holding Co K.S.C.P has a Cash Ratio of 1.32. 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 Al-Mazaya Holding Co K.S.C.P's Cash Ratio or its related term are showing as below:
KUW:MAZAYA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.31 Max: 1.32
Current: 1.32
During the past 13 years, Al-Mazaya Holding Co K.S.C.P's highest Cash Ratio was 1.32. The lowest was 0.16. And the median was 0.31.
KUW:MAZAYA's Cash Ratio is ranked better than 80.51% of 1770
companies
in the Real Estate industry
Industry Median: 0.32
vs KUW:MAZAYA: 1.32
Al-Mazaya Holding Co K.S.C.P Cash Ratio Historical Data
* 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 Al-Mazaya Holding Co K.S.C.P's Cash Ratio
For the Real Estate Services subindustry, Al-Mazaya Holding Co K.S.C.P'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.
Al-Mazaya Holding Co K.S.C.P's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Al-Mazaya Holding Co K.S.C.P's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Al-Mazaya Holding Co K.S.C.P's Cash Ratio falls into.
Al-Mazaya Holding Co K.S.C.P 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.
Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) 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.
Al-Mazaya Holding Co K.S.C.P Cash Ratio Related Terms
Thank you for viewing the detailed overview of Al-Mazaya Holding Co K.S.C.P's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) Business Description
Al-Mazaya Holding Co K.S.C.P is engaged in real estate development and investment activities. It provides real estate products and services in several fields, including housing projects, such as deluxe villas and high-class residential buildings, and commercial projects, such as office and retail buildings. The company is also engaged in other real estate fields to include purchasing, ownership, and selling of lands and their development for the account of the company inside and outside of Kuwait. Its geographical segments include Kuwait; United Arab Emirates (UAE); Kingdom of Saudi Arabia (KSA), Turkey and other countries. The company derives a majority of revenue from the United Arab Emirates.
Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) Headlines
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