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Ocado Group (LSE:OCDO) Cash Ratio : 1.42 (As of May. 2024)


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What is Ocado 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. Ocado Group's Cash Ratio for the quarter that ended in May. 2024 was 1.42.

Ocado Group has a Cash Ratio of 1.42. 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 Ocado Group's Cash Ratio or its related term are showing as below:

LSE:OCDO' s Cash Ratio Range Over the Past 10 Years
Min: 0.11   Med: 1.42   Max: 4.2
Current: 1.42

During the past 13 years, Ocado Group's highest Cash Ratio was 4.20. The lowest was 0.11. And the median was 1.42.

LSE:OCDO's Cash Ratio is ranked better than
87.42% of 310 companies
in the Retail - Defensive industry
Industry Median: 0.28 vs LSE:OCDO: 1.42

Ocado Group Cash Ratio Historical Data

The historical data trend for Ocado 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.

Ocado Group Cash Ratio Chart

Ocado Group Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.24 1.57 4.20 3.06 2.15

Ocado Group Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.17 2.15 1.77 1.57 1.42

Competitive Comparison of Ocado Group's Cash Ratio

For the Grocery Stores subindustry, Ocado 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.


Ocado Group's Cash Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ocado Group's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Ocado Group's Cash Ratio falls into.



Ocado 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.

Ocado Group's Cash Ratio for the fiscal year that ended in Nov. 2022 is calculated as:

Cash Ratio (A: Nov. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=1307/606.8
=2.15

Ocado Group's Cash Ratio for the quarter that ended in May. 2024 is calculated as:

Cash Ratio (Q: May. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=789.7/557.8
=1.42

* 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.


Ocado Group  (LSE:OCDO) 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.


Ocado Group Cash Ratio Related Terms

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Ocado Group Business Description

Traded in Other Exchanges
Address
Mosquito Way, Buildings One and Two Trident Place, Hatfield Business Park, Hatfield, Hertfordshire, GBR, AL10 9UL
Ocado, one of the largest pure online grocers in the world, operates in two divisions. Ocado Retail is the group's online grocery business in the United Kingdom, a joint venture with Marks & Spencer; it offers an extensive product range of over 55,000 items via its Ocado.com website and holds more than 15% of the UK online grocery market and approximately 2% of the total UK grocery market. Ocado Solutions is built on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that involves the provision of software, fulfillment infrastructure, and support services to corporate clients for a variety of one-time and ongoing costs. OSP has allowed the company to work with some of the world's largest grocers, including Ocado's retail operation.

Ocado Group Headlines

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