CMSQF (Computershare) Cash Ratio : 1.93 (As of Jun. 2024)

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What is Computershare Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Computershare's Cash Ratio for the quarter that ended in Jun. 2024 was 1.93.

Computershare has a Cash Ratio of 1.93. 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 Computershare's Cash Ratio or its related term are showing as below:

CMSQF' s Cash Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.82 Max: 1.93
Current: 1.93

During the past 13 years, Computershare's highest Cash Ratio was 1.93. The lowest was 0.48. And the median was 0.82.

CMSQF's Cash Ratio is ranked better than
69.74% of 651 companies
in the Capital Markets industry
Industry Median: 0.89 vs CMSQF: 1.93

Computershare Cash Ratio Historical Data

The historical data trend for Computershare'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.

* Premium members only.

Computershare Cash Ratio Chart

Computershare Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash Ratio

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0.66

0.90

0.86

0.96

1.93

Computershare Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash Ratio	Get a 7-Day Free Trial															0.86	1.36	0.96	0.98	1.93

Competitive Comparison of Computershare's Cash Ratio

For the Capital Markets subindustry, Computershare'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.

Computershare's Cash Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Computershare's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Computershare's Cash Ratio falls into.

Computershare Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Computershare's Cash Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Cash Ratio (A: Jun. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1302.621	/	675.356
	=	1.93

Computershare's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:

Cash Ratio (Q: Jun. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	1302.621	/	675.356
	=	1.93

Computershare (OTCPK:CMSQF) 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.

Computershare Cash Ratio Related Terms

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Computershare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Computershare Ltd (OTCPK:CMSQF) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

CMSQY:USA QCH:Germany CPU:Australia

Address

452 Johnston Street, Yarra Falls, Abbotsford, Melbourne, VIC, AUS, 3067

Website

https://www.computershare.com

Founded in Australia in 1978, Computershare has grown via acquisitions to become the world's leading provider of issuer services. Employee share plans and communications services are commonly sold together with issuer services to corporations. The company also has a business services offering and a corporate trust business, alongside a small mortgage administration business that's due to be divested. Over the medium term, around half of group EBITDA is expected to be generated from interest income on client cash balances, or margin income, which is exposed to interest-rate movements.