FactSet Research Systems has a Cash Ratio of 0.74. 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 FactSet Research Systems's Cash Ratio or its related term are showing as below:
FDS'
s Cash Ratio Range Over the Past 10 Years
Min: 0.74 Med: 1.26 Max: 2.27
Current: 0.74
During the past 13 years, FactSet Research Systems's highest Cash Ratio was 2.27. The lowest was 0.74. And the median was 1.26.
FDS's Cash Ratio is ranked worse than 54.75% of 652
companies
in the Capital Markets industry
Industry Median: 0.89
vs FDS: 0.74
FactSet Research Systems 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 FactSet Research Systems's Cash Ratio
For the Financial Data & Stock Exchanges subindustry, FactSet Research Systems'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.
FactSet Research Systems's Cash Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, FactSet Research Systems's Cash Ratio distribution charts can be found below:
* The bar in red indicates where FactSet Research Systems's Cash Ratio falls into.
FactSet Research Systems Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
FactSet Research Systems's Cash Ratio for the fiscal year that ended in Aug. 2024 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.
FactSet Research Systems (NYSE:FDS) 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.
FactSet Research Systems Cash Ratio Related Terms
Thank you for viewing the detailed overview of FactSet Research Systems's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
FactSet provides financial data and portfolio analytics to the Global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients (including wealth and corporate clients) account for 82% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.
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