CVS Bay Area (TSE:2687) Cash Ratio : 0.46 (As of Nov. 2023)

CVS Bay Area Cash Ratio Chart

CVS Bay Area Annual Data
	Trend	Feb14	Feb15	Feb16	Feb17	Feb18	Feb19	Feb20	Feb21	Feb22	Feb23
Cash Ratio		Get a 7-Day Free Trial					1.20	0.52	0.73	0.55	0.61

CVS Bay Area Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash Ratio	Get a 7-Day Free Trial															0.61	0.61	0.64	0.53	0.46

Competitive Comparison of CVS Bay Area's Cash Ratio

For the Grocery Stores subindustry, CVS Bay Area'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.

CVS Bay Area's Cash Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CVS Bay Area's Cash Ratio distribution charts can be found below:

* The bar in red indicates where CVS Bay Area's Cash Ratio falls into.

CVS Bay Area Cash Ratio Calculation

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

CVS Bay Area's Cash Ratio for the fiscal year that ended in Feb. 2023 is calculated as:

CVS Bay Area's Cash Ratio for the quarter that ended in Nov. 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.

CVS Bay Area  (TSE:2687) 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.

CVS Bay Area Cash Ratio Related Terms

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CVS Bay Area (TSE:2687) Business Description