Kazera Global has a Cash Ratio of 0.21. 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 Kazera Global's Cash Ratio or its related term are showing as below:
LSE:KZG'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 2.03 Max: 20.49
Current: 0.21
During the past 13 years, Kazera Global's highest Cash Ratio was 20.49. The lowest was 0.09. And the median was 2.03.
LSE:KZG's Cash Ratio is ranked worse than 82.75% of 661
companies
in the Asset Management industry
Industry Median: 1.52
vs LSE:KZG: 0.21
Kazera Global Cash Ratio Historical Data
The historical data trend for Kazera Global'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.
Competitive Comparison of Kazera Global's Cash Ratio
For the Asset Management subindustry, Kazera Global'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.
Kazera Global's Cash Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Kazera Global's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Kazera Global'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.
Kazera Global (LSE:KZG) 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.
Kazera Global Cash Ratio Related Terms
Thank you for viewing the detailed overview of Kazera Global's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Kazera Global PLC is a UK-based commodity diverse, mining investment company. The principal activity of the Company is to act as an investor in the resources and energy sectors, either acquiring and controlling individual companies or acquiring non-controlling shareholdings. It focuses on investing in the resources and energy sectors. The Group was focused on its diamond and heavy mineral sands mining projects in South Africa, Walviskop Heavy Mineral Sands in South Africa and Tantalite Valley Mine in Nambia. The Group operates in three primary business segments: being holding company expenses, tantalite mining and diamond mining activities. Maximum revenue is gained from UK.
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