Steel Partners Holdings LP has a Cash Ratio of 0.28. 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 Steel Partners Holdings LP's Cash Ratio or its related term are showing as below:
SPLP'
s Cash Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.47 Max: 1.42
Current: 0.28
During the past 13 years, Steel Partners Holdings LP's highest Cash Ratio was 1.42. The lowest was 0.14. And the median was 0.47.
SPLP's Cash Ratio is ranked worse than 60% of 515
companies
in the Conglomerates industry
Industry Median: 0.39
vs SPLP: 0.28
Steel Partners Holdings LP Cash Ratio Historical Data
* 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 Steel Partners Holdings LP's Cash Ratio
For the Conglomerates subindustry, Steel Partners Holdings LP'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.
Steel Partners Holdings LP's Cash Ratio Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP's Cash Ratio falls into.
Steel Partners Holdings LP Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Steel Partners Holdings LP (NYSE:SPLP) 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.
Steel Partners Holdings LP Cash Ratio Related Terms
Thank you for viewing the detailed overview of Steel Partners Holdings LP's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Steel Partners Holdings LP (Steel Partners Holdings LP) Business Description
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. It operates in various segments including the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, including joining materials, tubing, building materials, performance materials, electrical products, cutting replacement products and services, and metallized films and packaging businesses; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in a full range of banking activities.
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