Impax Asset Management Group (LSE:IPX) Cash Ratio : 2.39 (As of Sep. 2024)

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What is Impax Asset Management Group 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. Impax Asset Management Group's Cash Ratio for the quarter that ended in Sep. 2024 was 2.39.

Impax Asset Management Group has a Cash Ratio of 2.39. 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 Impax Asset Management Group's Cash Ratio or its related term are showing as below:

LSE:IPX' s Cash Ratio Range Over the Past 10 Years
Min: 1.1 Med: 2.07 Max: 4.89
Current: 2.39

During the past 13 years, Impax Asset Management Group's highest Cash Ratio was 4.89. The lowest was 1.10. And the median was 2.07.

LSE:IPX's Cash Ratio is ranked better than
58.67% of 663 companies
in the Asset Management industry
Industry Median: 1.55 vs LSE:IPX: 2.39

Impax Asset Management Group Cash Ratio Historical Data

The historical data trend for Impax Asset Management 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.

* Premium members only.

Impax Asset Management Group Cash Ratio Chart

Impax Asset Management Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Cash Ratio

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1.46

1.53

2.06

2.21

2.39

Impax Asset Management Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash Ratio	Get a 7-Day Free Trial															2.06	2.00	2.21	2.39	2.39

Competitive Comparison of Impax Asset Management Group's Cash Ratio

For the Asset Management subindustry, Impax Asset Management 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.

Impax Asset Management Group's Cash Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Impax Asset Management Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Impax Asset Management Group's Cash Ratio falls into.

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Impax Asset Management Group Cash Ratio Calculation

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

Impax Asset Management Group's Cash Ratio for the fiscal year that ended in Sep. 2024 is calculated as:

Cash Ratio (A: Sep. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	109.09	/	45.558
	=	2.39

Impax Asset Management Group'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
	=	109.09	/	45.558
	=	2.39

Impax Asset Management Group (LSE:IPX) 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.

Impax Asset Management Group Cash Ratio Related Terms

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Impax Asset Management Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Impax Asset Management Group PLC (LSE:IPX) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

IPXAF:USA LW4:Germany

Address

30 Panton Street, 7th Floor, London, GBR, SW1Y 4AJ

Website

https://www.impaxam.com

Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The Group is managed on an integrated basis and there is one reportable segment The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.