Lok'n Store Group has a Cash Ratio of 1.72. 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 Lok'n Store Group's Cash Ratio or its related term are showing as below:
LSE:LOK'
s Cash Ratio Range Over the Past 10 Years
Min: 0.35 Med: 1.73 Max: 5.8
Current: 1.72
During the past 13 years, Lok'n Store Group's highest Cash Ratio was 5.80. The lowest was 0.35. And the median was 1.73.
LSE:LOK's Cash Ratio is ranked better than 83.98% of 1766
companies
in the Real Estate industry
Industry Median: 0.32
vs LSE:LOK: 1.72
Lok'n Store Group Cash Ratio Historical Data
The historical data trend for Lok'n Store 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.
Competitive Comparison of Lok'n Store Group's Cash Ratio
For the Real Estate Services subindustry, Lok'n Store 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.
Lok'n Store Group's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Lok'n Store Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Lok'n Store Group's Cash Ratio falls into.
Lok'n Store 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.
Lok'n Store Group's Cash Ratio for the fiscal year that ended in Jul. 2023 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.
Lok'n Store Group (LSE:LOK) 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.
Lok'n Store Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of Lok'n Store Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lok'n Store Group PLC operates in the real estate industry based in the United Kingdom. Its business involves buying or leasing warehouses or industrial buildings and letting them out as self-storage units to its customers. Operating through the Self-Storage segments, the company caters to both households and business customers. Its self-storage segment accounts for the bulk of its operations with the provision of storage rooms, student storage, pallet storage, warehouse space, self-storage archiving, flexible office space, and multi-site business storage accounts.
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