The Brink's Co has a Cash Ratio of 0.61. 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 The Brink's Co's Cash Ratio or its related term are showing as below:
BCO'
s Cash Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.43 Max: 0.74
Current: 0.61
During the past 13 years, The Brink's Co's highest Cash Ratio was 0.74. The lowest was 0.24. And the median was 0.43.
BCO's Cash Ratio is ranked better than 51.8% of 1056
companies
in the Business Services industry
Industry Median: 0.58
vs BCO: 0.61
The Brink's Co Cash Ratio Historical Data
The historical data trend for The Brink's Co'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 The Brink's Co's Cash Ratio
For the Security & Protection Services subindustry, The Brink's Co'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.
The Brink's Co's Cash Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, The Brink's Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where The Brink's Co's Cash Ratio falls into.
The Brink's Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
The Brink's Co'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.
The Brink's Co (NYSE:BCO) 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.
The Brink's Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of The Brink's Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
The Brink's Co (The Brink's Co) Business Description
The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.
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