Toray Textiles (Thailand) PCL has a Cash Ratio of 1.03. 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 Toray Textiles (Thailand) PCL's Cash Ratio or its related term are showing as below:
BKK:TTT'
s Cash Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.62 Max: 1.03
Current: 1.03
During the past 7 years, Toray Textiles (Thailand) PCL's highest Cash Ratio was 1.03. The lowest was 0.47. And the median was 0.62.
* 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 Toray Textiles (Thailand) PCL's Cash Ratio
For the Textile Manufacturing subindustry, Toray Textiles (Thailand) PCL'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.
Toray Textiles (Thailand) PCL's Cash Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Textiles (Thailand) PCL's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Toray Textiles (Thailand) PCL's Cash Ratio falls into.
Toray Textiles (Thailand) PCL Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Toray Textiles (Thailand) PCL (BKK:TTT) 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.
Toray Textiles (Thailand) PCL Cash Ratio Related Terms
Thank you for viewing the detailed overview of Toray Textiles (Thailand) PCL's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Toray Textiles (Thailand) PCL (BKK:TTT) Business Description
Toray Textiles (Thailand) PCL operates as a textile business. The principal activities of the company are the manufacturing of textiles consisting of spun fabric, filament fabric, woven fabric, knitted fabric, and denim yarn; and an industrial material product consisting of cord for rubber material reinforcement, fabric for airbags, canvas and car seat fabric. Its operating segment includes Textile; and Industrial material products. It generates maximum revenue from the Textile segment. Geographically, it derives a majority of revenue from Thailand and also has a presence in Japan; Bangladesh; Vietnam; the United Arab Emirates, and Other Countries.
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