AKO.B (Embotelladora Andina) Cash Ratio : 0.42 (As of Sep. 2024)

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What is Embotelladora Andina 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. Embotelladora Andina's Cash Ratio for the quarter that ended in Sep. 2024 was 0.42.

Embotelladora Andina has a Cash Ratio of 0.42. 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 Embotelladora Andina's Cash Ratio or its related term are showing as below:

AKO.B' s Cash Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.52 Max: 1.42
Current: 0.42

During the past 13 years, Embotelladora Andina's highest Cash Ratio was 1.42. The lowest was 0.25. And the median was 0.52.

AKO.B's Cash Ratio is ranked worse than
59.63% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.53 vs AKO.B: 0.42

Embotelladora Andina Cash Ratio Historical Data

The historical data trend for Embotelladora Andina'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.

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Embotelladora Andina Cash Ratio Chart

Embotelladora Andina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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0.38

1.19

0.94

0.41

0.53

Embotelladora Andina Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash Ratio	Get a 7-Day Free Trial															0.48	0.53	0.60	0.50	0.42

Competitive Comparison of Embotelladora Andina's Cash Ratio

For the Beverages - Non-Alcoholic subindustry, Embotelladora Andina'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.

Embotelladora Andina's Cash Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Embotelladora Andina's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Embotelladora Andina's Cash Ratio falls into.

Embotelladora Andina Cash Ratio Calculation

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

Embotelladora Andina's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	423.707	/	793.712
	=	0.53

Embotelladora Andina's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	323.264	/	774.067
	=	0.42

Embotelladora Andina (NYSE:AKO.B) 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.

Embotelladora Andina Cash Ratio Related Terms

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Embotelladora Andina Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Embotelladora Andina SA (NYSE:AKO.B) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

AKO.A:USA AKOA:Germany AKOA:Germany AKOB:Germany ANDINA-B:Chile ANDINA-A:Chile

Address

Miraflores 9153, 7th Floor, Renca, Santiago, CHL

Website

https://www.koandina.com

Embotelladora Andina SA is a Coca-Cola bottler in Latin America whose principal activity is produce, bottle, commercialize and distribute the products under registered trademarks of The Coca-Cola Company (TCCC), as well as commercialize and distribute some brands of other companies such as Monster, AB InBev, Diageo and Capel, among others. The Company maintains operations and is licensed to produce, commercialize and distribute such products in certain territories in Chile, Brazil, Argentina and Paraguay.