LGL Group has a Cash Ratio of 46.02. 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 LGL Group's Cash Ratio or its related term are showing as below:
LGL'
s Cash Ratio Range Over the Past 10 Years
Min: 2.01 Med: 7.06 Max: 85.93
Current: 46.02
During the past 13 years, LGL Group's highest Cash Ratio was 85.93. The lowest was 2.01. And the median was 7.06.
LGL's Cash Ratio is ranked better than 99.79% of 2433
companies
in the Hardware industry
Industry Median: 0.63
vs LGL: 46.02
LGL Group Cash Ratio Historical Data
The historical data trend for LGL Group'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.
For the Scientific & Technical Instruments subindustry, LGL Group'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.
LGL Group's Cash Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, LGL Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where LGL Group's Cash Ratio falls into.
* 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.
LGL Group (AMEX:LGL) 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.
LGL Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of LGL Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
LGL Group Inc is a holding company engaged in services, merchant investment and manufacturing business activities. The company has two reportable segments; Electronic Instruments and Merchant Investment. The Electronic Instruments segment, which generates key revenue, is focused on designing and manufacturing high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications including satellite communication, time transfer systems, network synchronization, electricity distribution, and metrology. The Merchant Investment segment comprises various investment vehicles in which the company invests its capital.
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