GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Jollibee Foods Corp (OTCPK:JBFCF) » Definitions » Cash Ratio

JBFCF (Jollibee Foods) Cash Ratio : 0.54 (As of Sep. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Jollibee Foods 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. Jollibee Foods's Cash Ratio for the quarter that ended in Sep. 2024 was 0.54.

Jollibee Foods has a Cash Ratio of 0.54. 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 Jollibee Foods's Cash Ratio or its related term are showing as below:

JBFCF' s Cash Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.69   Max: 1.07
Current: 0.54

During the past 13 years, Jollibee Foods's highest Cash Ratio was 1.07. The lowest was 0.34. And the median was 0.69.

JBFCF's Cash Ratio is ranked better than
52.34% of 342 companies
in the Restaurants industry
Industry Median: 0.515 vs JBFCF: 0.54

Jollibee Foods Cash Ratio Historical Data

The historical data trend for Jollibee Foods'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.

Jollibee Foods Cash Ratio Chart

Jollibee Foods Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.98 0.85 0.61 0.62

Jollibee Foods Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.66 0.62 0.61 0.64 0.54

Competitive Comparison of Jollibee Foods's Cash Ratio

For the Restaurants subindustry, Jollibee Foods'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.


Jollibee Foods's Cash Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Jollibee Foods's Cash Ratio distribution charts can be found below:

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



Jollibee Foods Cash Ratio Calculation

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

Jollibee Foods's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=711.259/1155.419
=0.62

Jollibee Foods's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=582.941/1078.808
=0.54

* 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.


Jollibee Foods  (OTCPK:JBFCF) 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.


Jollibee Foods Cash Ratio Related Terms

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


Jollibee Foods Business Description

Traded in Other Exchanges
Address
10 F. Ortigas Junior avenue, 10th Floor, Jollibee Plaza Building, Ortigas Centre, Pasig, PHL, 1605
Jollibee Foods Corp is engaged in operating and franchising quick-service restaurants. The company has three business segments; The food service segment is involved in the operations of QSRs and the manufacture of food, products to be sold to JFC Group-owned and franchised QSR outlets, The franchising segment is involved in the franchising of the JFC Group's QSR store concepts, and The support services segment is involved in providing various services mainly to the Jollibee Group's independent franchisees. The group's geographical segments are based on the location of the assets producing revenues in the Philippines and in other locations which include PRC, USA, Canada, Vietnam, Singapore, Malaysia, Italy, UK, UAE, Hongkong, Macau, Brunei, Taiwan, and Australia.

Jollibee Foods Headlines