Alloggio Group (ASX:ALO) Cash Ratio : 0.76 (As of Dec. 2022)

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What is Alloggio Group 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. Alloggio Group's Cash Ratio for the quarter that ended in Dec. 2022 was 0.76.

Alloggio Group has a Cash Ratio of 0.76. 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 Alloggio Group's Cash Ratio or its related term are showing as below:

ASX:ALO's Cash Ratio is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.55
* Ranked among companies with meaningful Cash Ratio only.

Alloggio Group Cash Ratio Historical Data

The historical data trend for Alloggio Group'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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Alloggio Group Cash Ratio Chart

Alloggio Group Annual Data

Trend

Jun21

Jun22

Cash Ratio

3.15

0.85

Alloggio Group Semi-Annual Data
	Dec21	Jun22	Dec22
Cash Ratio	1.10	0.85	0.76

Competitive Comparison of Alloggio Group's Cash Ratio

For the Lodging subindustry, Alloggio Group'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.

Alloggio Group's Cash Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Alloggio Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Alloggio Group's Cash Ratio falls into.

Alloggio Group Cash Ratio Calculation

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

Alloggio Group's Cash Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Cash Ratio (A: Jun. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	21.319	/	25.018
	=	0.85

Alloggio Group's Cash Ratio for the quarter that ended in Dec. 2022 is calculated as:

Cash Ratio (Q: Dec. 2022 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	37.504	/	49.502
	=	0.76

Alloggio Group (ASX:ALO) 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.

Alloggio Group Cash Ratio Related Terms

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Alloggio Group (ASX:ALO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Alloggio Group Ltd (ASX:ALO) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

840 Hunter Street, Newcastle, NSW, AUS, 2300

Website

https://www.alloggio.com.au

Alloggio Group Ltd is an operator of short-term rental accommodation on the east coast of Australia with a current portfolio of over 879 holiday properties and approx 13 mid-market hotels which comprise of aorund 428 rooms.