Burnham Holdings (Burnham Holdings) Cash Ratio : 0.22 (As of Sep. 2023)

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What is Burnham Holdings 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. Burnham Holdings's Cash Ratio for the quarter that ended in Sep. 2023 was 0.22.

Burnham Holdings has a Cash Ratio of 0.22. 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 Burnham Holdings's Cash Ratio or its related term are showing as below:

BURCA' s Cash Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.24 Max: 0.44
Current: 0.22

During the past 13 years, Burnham Holdings's highest Cash Ratio was 0.44. The lowest was 0.15. And the median was 0.24.

BURCA's Cash Ratio is ranked worse than
62.44% of 1656 companies
in the Construction industry
Industry Median: 0.32 vs BURCA: 0.22

Burnham Holdings Cash Ratio Historical Data

The historical data trend for Burnham Holdings'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.

Burnham Holdings Cash Ratio Chart

Burnham Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash Ratio

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0.28

0.21

0.20

0.16

0.19

Burnham Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash Ratio	Get a 7-Day Free Trial															0.19	0.20	0.19	0.20	0.22

Competitive Comparison of Burnham Holdings's Cash Ratio

For the Building Products & Equipment subindustry, Burnham Holdings'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.

Burnham Holdings's Cash Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Burnham Holdings's Cash Ratio distribution charts can be found below:

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

Burnham Holdings Cash Ratio Calculation

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

Burnham Holdings's Cash Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash Ratio (A: Dec. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	6.994	/	37.053
	=	0.19

Burnham Holdings's Cash Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash Ratio (Q: Sep. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	6.638	/	29.762
	=	0.22

Burnham Holdings (OTCPK:BURCA) 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.

Burnham Holdings Cash Ratio Related Terms

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Burnham Holdings (Burnham Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Burnham Holdings Inc (OTCPK:BURCA) » Definitions » Cash Ratio

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Traded in Other Exchanges

BURCP.PFD:USA

Address

1241 Harrisburg Pike, P.O. Box 3245, Lancaster, PA, USA, 17603

Website

https://www.burnhamholdings.com

Burnham Holdings Inc provides thermal and interior comfort solutions used in a range of residential, commercial, and industrial applications to the heating, ventilating and air conditioning industry. Its subsidiaries design, manufacture and sale of boilers and related heating ventilating and air conditioning products and accessories. The firm sells and markets its products under brand names such as Alpine, K2, Phantom and Raptor, and others. Its products include boilers, boiler room accessories, advanced control systems, furnaces, radiators, air conditioning systems etc. The firm derives majority of its revenues from sales in the United States.