Matthews International has a Cash Ratio of 0.11. 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 Matthews International's Cash Ratio or its related term are showing as below:
MATW'
s Cash Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.17 Max: 0.44
Current: 0.11
During the past 13 years, Matthews International's highest Cash Ratio was 0.44. The lowest was 0.10. And the median was 0.17.
MATW's Cash Ratio is ranked worse than 86.02% of 515
companies
in the Conglomerates industry
Industry Median: 0.39
vs MATW: 0.11
* 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 Matthews International's Cash Ratio
For the Conglomerates subindustry, Matthews International'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.
Matthews International's Cash Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Matthews International's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Matthews International's Cash Ratio falls into.
Matthews International Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Matthews International's Cash Ratio for the fiscal year that ended in Sep. 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.
Matthews International (NAS:MATW) 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.
Matthews International Cash Ratio Related Terms
Thank you for viewing the detailed overview of Matthews International's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthews International (Matthews International) Business Description
Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MATW has been successfully added to your 