PensionBee Group has a Cash Ratio of 2.88. 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 PensionBee Group's Cash Ratio or its related term are showing as below:
CHIX:PBEEl'
s Cash Ratio Range Over the Past 10 Years
Min: 2.88 Med: 7.29 Max: 37.73
Current: 2.88
During the past 6 years, PensionBee Group's highest Cash Ratio was 37.73. The lowest was 2.88. And the median was 7.29.
CHIX:PBEEl's Cash Ratio is ranked better than 75% of 652
companies
in the Capital Markets industry
Industry Median: 0.89
vs CHIX:PBEEl: 2.88
PensionBee Group Cash Ratio Historical Data
The historical data trend for PensionBee 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 PensionBee Group's Cash Ratio
For the Capital Markets subindustry, PensionBee 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.
PensionBee Group's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PensionBee Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where PensionBee Group's Cash Ratio falls into.
PensionBee 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.
PensionBee Group'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.
PensionBee Group (CHIX:PBEEl) 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.
PensionBee Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of PensionBee Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
PensionBee Group PLC is engaged in the provision of direct-to-consumer online pensions. The company helps its customers combine their old pension pots, make flexible contributions, invest in line with their goals and values, and make withdrawals after attaining a certain age. It offers a range of investment plans, including fossil fuel-free and impact investing options, from various asset managers. The firm generates a vast majority of its revenue in the form of fees it charges for fund administration. These fees are earned for administering the customer pension schemes and are charged based on a fixed percentage of the value of a customer's assets held by the pension scheme. It operates in a single geographical location, being the United Kingdom.
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