Heavitree Brewery (LSE:HVT) Cash Ratio : 0.03 (As of Apr. 2024)

Heavitree Brewery Cash Ratio Chart

Heavitree Brewery Annual Data
	Trend	Oct14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23
Cash Ratio		Get a 7-Day Free Trial					0.01	0.02	0.02	0.46	0.11

Heavitree Brewery Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Cash Ratio	Get a 7-Day Free Trial															0.01	0.46	0.30	0.11	0.03

Competitive Comparison of Heavitree Brewery's Cash Ratio

For the Restaurants subindustry, Heavitree Brewery'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.

Heavitree Brewery's Cash Ratio Distribution in the Restaurants Industry

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

* The bar in red indicates where Heavitree Brewery's Cash Ratio falls into.

Heavitree Brewery Cash Ratio Calculation

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

Heavitree Brewery's Cash Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Heavitree Brewery's Cash Ratio for the quarter that ended in Apr. 2024 is calculated as:

* 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.

Heavitree Brewery  (LSE:HVT) 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.

Heavitree Brewery Cash Ratio Related Terms

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Heavitree Brewery Business Description