SIV Capital has a Cash Ratio of 105.49. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for SIV Capital's Cash Ratio or its related term are showing as below:
ASX:SIV'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 1.55 Max: 105.49
Current: 105.49
During the past 13 years, SIV Capital's highest Cash Ratio was 105.49. The lowest was 0.03. And the median was 1.55.
ASX:SIV's Cash Ratio is not ranked
in the Business Services industry.
Industry Median: 0.6
vs ASX:SIV: 105.49
SIV Capital Cash Ratio Historical Data
The historical data trend for SIV Capital'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 SIV Capital's Cash Ratio
For the Rental & Leasing Services subindustry, SIV Capital'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.
SIV Capital's Cash Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, SIV Capital's Cash Ratio distribution charts can be found below:
* The bar in red indicates where SIV Capital's Cash Ratio falls into.
* 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.
SIV Capital (ASX:SIV) 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.
SIV Capital Cash Ratio Related Terms
Thank you for viewing the detailed overview of SIV Capital's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SIV Capital Ltd is an Australia-based company that provides commercial equipment rental and financing solutions to small and medium-sized businesses in hospitality and other industries. It operates in a single segment that is GoGetta through which its renting business is operated. All of its revenues are generated in Australia in the form of Rental Income, lease Interest, and Interest Income.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:SIV has been successfully added to your 