Ten Lifestyle Group (LSE:TENG) Cash Ratio : 0.36 (As of Feb. 2024)

Ten Lifestyle Group Cash Ratio Chart

Ten Lifestyle Group Annual Data
	Trend	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Cash Ratio		Get a 7-Day Free Trial				0.90	0.67	0.46	0.29	0.29

Ten Lifestyle Group Semi-Annual Data
	Aug15	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Cash Ratio	Get a 7-Day Free Trial											0.30	0.29	0.31	0.29	0.36

Competitive Comparison of Ten Lifestyle Group's Cash Ratio

For the Travel Services subindustry, Ten Lifestyle Group'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.

Ten Lifestyle Group's Cash Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ten Lifestyle Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Ten Lifestyle Group's Cash Ratio falls into.

Ten Lifestyle Group Cash Ratio Calculation

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

Ten Lifestyle Group's Cash Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Ten Lifestyle Group's Cash Ratio for the quarter that ended in Feb. 2024 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.

Ten Lifestyle Group  (LSE:TENG) 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.

Ten Lifestyle Group Cash Ratio Related Terms

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Ten Lifestyle Group (LSE:TENG) Business Description