Misr Beni Suef Cement (Lafarge) has a Cash Ratio of 0.00. 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 Misr Beni Suef Cement (Lafarge)'s Cash Ratio or its related term are showing as below:
During the past 7 years, Misr Beni Suef Cement (Lafarge)'s highest Cash Ratio was 3.32. The lowest was 1.51. And the median was 1.82.
CAI:MBSC's Cash Ratio is not ranked *
in the Building Materials industry.
Industry Median: 0.33 * Ranked among companies with meaningful Cash Ratio only.
Misr Beni Suef Cement (Lafarge) Cash Ratio Historical Data
* 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 Misr Beni Suef Cement (Lafarge)'s Cash Ratio
For the Building Materials subindustry, Misr Beni Suef Cement (Lafarge)'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.
Misr Beni Suef Cement (Lafarge)'s Cash Ratio Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Misr Beni Suef Cement (Lafarge)'s Cash Ratio distribution charts can be found below:
* The bar in red indicates where Misr Beni Suef Cement (Lafarge)'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.
Misr Beni Suef Cement (Lafarge) (CAI:MBSC) 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.
Misr Beni Suef Cement (Lafarge) Cash Ratio Related Terms
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Misr Beni Suef Cement (Lafarge) Business Description
Misr Beni Suef Cement (Lafarge) SA manufactures construction materials. It produces and sells Portland cement, clinker, and related materials in Egypt. The company offers its cement packed as bulk cement or bagged cement.
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