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Perma-Pipe International Holdings (FRA:MF3) Cash Ratio : 0.17 (As of Jul. 2024)


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What is Perma-Pipe International Holdings 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. Perma-Pipe International Holdings's Cash Ratio for the quarter that ended in Jul. 2024 was 0.17.

Perma-Pipe International Holdings has a Cash Ratio of 0.17. 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 Perma-Pipe International Holdings's Cash Ratio or its related term are showing as below:

FRA:MF3' s Cash Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.23   Max: 0.41
Current: 0.17

During the past 13 years, Perma-Pipe International Holdings's highest Cash Ratio was 0.41. The lowest was 0.10. And the median was 0.23.

FRA:MF3's Cash Ratio is ranked worse than
68.39% of 1702 companies
in the Construction industry
Industry Median: 0.3 vs FRA:MF3: 0.17

Perma-Pipe International Holdings Cash Ratio Historical Data

The historical data trend for Perma-Pipe International Holdings'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.

Perma-Pipe International Holdings Cash Ratio Chart

Perma-Pipe International Holdings Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.25 0.21 0.13 0.10

Perma-Pipe International Holdings Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.10 0.10 0.13 0.17

Competitive Comparison of Perma-Pipe International Holdings's Cash Ratio

For the Building Products & Equipment subindustry, Perma-Pipe International Holdings'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.


Perma-Pipe International Holdings's Cash Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Perma-Pipe International Holdings's Cash Ratio falls into.



Perma-Pipe International Holdings Cash Ratio Calculation

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

Perma-Pipe International Holdings's Cash Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Cash Ratio (A: Jan. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=5.366/53.007
=0.10

Perma-Pipe International Holdings's Cash Ratio for the quarter that ended in Jul. 2024 is calculated as:

Cash Ratio (Q: Jul. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=8.718/52.066
=0.17

* 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.


Perma-Pipe International Holdings  (FRA:MF3) 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.


Perma-Pipe International Holdings Cash Ratio Related Terms

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Perma-Pipe International Holdings Business Description

Traded in Other Exchanges
Address
24900 Pitkin Road, Suite 309, Spring, TX, USA, 77386
Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, Middle East, Europe, India and other countries.

Perma-Pipe International Holdings Headlines

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