ITOEF (ITO EN) Cash Ratio : 0.00 (As of Jul. 2024)

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What is ITO EN 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. ITO EN's Cash Ratio for the quarter that ended in Jul. 2024 was 0.00.

ITO EN has a Cash Ratio of 0.00. 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 ITO EN's Cash Ratio or its related term are showing as below:

ITOEF' s Cash Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.9 Max: 1.53
Current: 0.9

During the past 13 years, ITO EN's highest Cash Ratio was 1.53. The lowest was 0.43. And the median was 0.90.

ITOEF's Cash Ratio is ranked better than
67.89% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.53 vs ITOEF: 0.90

ITO EN Cash Ratio Historical Data

The historical data trend for ITO EN'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.

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ITO EN Cash Ratio Chart

ITO EN Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash Ratio

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0.91

1.17

1.26

1.17

1.13

ITO EN Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash Ratio	Get a 7-Day Free Trial															1.21	1.36	1.13	-	0.90

Competitive Comparison of ITO EN's Cash Ratio

For the Beverages - Non-Alcoholic subindustry, ITO EN'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.

ITO EN's Cash Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Cash Ratio distribution charts can be found below:

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

ITO EN Cash Ratio Calculation

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

ITO EN's Cash Ratio for the fiscal year that ended in Apr. 2024 is calculated as:

Cash Ratio (A: Apr. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	710.332	/	628.143
	=	1.13

ITO EN'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
	=	0	/	0
	=

ITO EN (OTCPK:ITOEF) 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.

ITO EN Cash Ratio Related Terms

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ITO EN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » ITO EN Ltd (OTCPK:ITOEF) » Definitions » Cash Ratio

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Traded in Other Exchanges

2593:Japan

Address

47-10, Honmachi 3-chome, Shibuya-ku, Tokyo, JPN, 151-8550

Website

https://www.itoen.co.jp

ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.