GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ninety One Ltd (FRA:L91) » Definitions » Cash Ratio

Ninety One (FRA:L91) Cash Ratio : 1.01 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Ninety One 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. Ninety One's Cash Ratio for the quarter that ended in Mar. 2024 was 1.01.

Ninety One has a Cash Ratio of 1.01. 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 Ninety One's Cash Ratio or its related term are showing as below:

FRA:L91' s Cash Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1   Max: 1.01
Current: 1.01

During the past 8 years, Ninety One's highest Cash Ratio was 1.01. The lowest was 0.99. And the median was 1.00.

FRA:L91's Cash Ratio is ranked worse than
58.09% of 661 companies
in the Asset Management industry
Industry Median: 1.54 vs FRA:L91: 1.01

Ninety One Cash Ratio Historical Data

The historical data trend for Ninety One'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.

Ninety One Cash Ratio Chart

Ninety One Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Ratio
Get a 7-Day Free Trial 0.99 1.00 1.00 1.01 1.01

Ninety One Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 1.00 1.01 1.01 1.01

Competitive Comparison of Ninety One's Cash Ratio

For the Asset Management subindustry, Ninety One'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.


Ninety One's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ninety One's Cash Ratio distribution charts can be found below:

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



Ninety One Cash Ratio Calculation

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

Ninety One's Cash Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash Ratio (A: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=12507.09/12385.398
=1.01

Ninety One's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=12507.09/12385.398
=1.01

* 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.


Ninety One  (FRA:L91) 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.


Ninety One Cash Ratio Related Terms

Thank you for viewing the detailed overview of Ninety One's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ninety One Business Description

Traded in Other Exchanges
Address
36 Hans Strijdom Avenue, Foreshore, Cape Town, WC, ZAF, 8001
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.

Ninety One Headlines

No Headlines