FE Investments Group has a Cash Ratio of 0.23. 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 FE Investments Group's Cash Ratio or its related term are showing as below:
ASX:FEI's Cash Ratio is not ranked *
in the Credit Services industry.
Industry Median: 0.61 * Ranked among companies with meaningful Cash Ratio only.
FE Investments Group Cash Ratio Historical Data
The historical data trend for FE Investments 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.
Competitive Comparison of FE Investments Group's Cash Ratio
For the Credit Services subindustry, FE Investments 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.
FE Investments Group's Cash Ratio Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, FE Investments Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where FE Investments Group's Cash Ratio falls into.
FE Investments 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.
FE Investments Group's Cash Ratio for the fiscal year that ended in Mar. 2018 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.
FE Investments Group (ASX:FEI) 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.
FE Investments Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of FE Investments Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
FE Investments Group (ASX:FEI) Business Description
FE Investments Group Ltd a financial services company. It is operating as a non-bank deposit taker with deposit-taking licence issued by the reserve bank of New Zealand. It is organized into two reporting segments, being Lending Products and Leasing. The Lending Products segment. The company's focus is the leasing of business equipment and technology products for the SME market. The company accepts deposits from the New Zealand public and lends to the SME sector in New Zealand and Australia. It provides financing facilities in the form of lease financing, term loans, working capital facilities, stock funding, trade finance and business micro-loans. Approximately, 98% of the company's revenue is generated in New Zealand.
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