Azimut Holding SPA has a Cash Ratio of 2.41. 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 Azimut Holding SPA's Cash Ratio or its related term are showing as below:
AZIHF'
s Cash Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.39 Max: 2.41
Current: 2.41
During the past 13 years, Azimut Holding SPA's highest Cash Ratio was 2.41. The lowest was 0.02. And the median was 0.39.
AZIHF's Cash Ratio is ranked better than 56.63% of 664
companies
in the Asset Management industry
Industry Median: 1.59
vs AZIHF: 2.41
Azimut Holding SPA Cash Ratio Historical Data
The historical data trend for Azimut Holding SPA'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 Azimut Holding SPA's Cash Ratio
For the Asset Management subindustry, Azimut Holding SPA'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.
Azimut Holding SPA's Cash Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Azimut Holding SPA's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Azimut Holding SPA's Cash Ratio falls into.
Azimut Holding SPA Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Azimut Holding SPA's Cash Ratio for the fiscal year that ended in Dec. 2023 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.
Azimut Holding SPA (OTCPK:AZIHF) 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.
Azimut Holding SPA Cash Ratio Related Terms
Thank you for viewing the detailed overview of Azimut Holding SPA's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Azimut Holding SPA (Azimut Holding SPA) Business Description
Azimut Holding SPA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
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