ProCook Group (LSE:PROC) Cash Ratio : 0.11 (As of Sep. 2024)

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What is ProCook 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. ProCook Group's Cash Ratio for the quarter that ended in Sep. 2024 was 0.11.

ProCook Group has a Cash Ratio of 0.11. 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 ProCook Group's Cash Ratio or its related term are showing as below:

LSE:PROC' s Cash Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.18 Max: 0.48
Current: 0.11

During the past 7 years, ProCook Group's highest Cash Ratio was 0.48. The lowest was 0.07. And the median was 0.18.

LSE:PROC's Cash Ratio is ranked worse than
77.08% of 1104 companies
in the Retail - Cyclical industry
Industry Median: 0.33 vs LSE:PROC: 0.11

ProCook Group Cash Ratio Historical Data

The historical data trend for ProCook 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.

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ProCook Group Cash Ratio Chart

ProCook Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash Ratio

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0.29

0.48

0.22

0.13

0.12

ProCook Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Cash Ratio	Get a 7-Day Free Trial						0.13	0.13	0.07	0.12	0.11

Competitive Comparison of ProCook Group's Cash Ratio

For the Specialty Retail subindustry, ProCook 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.

ProCook Group's Cash Ratio Distribution in the Retail - Cyclical Industry

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

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

ProCook 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.

ProCook Group's Cash Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash Ratio (A: Mar. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	2.005	/	16.785
	=	0.12

ProCook 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
	=	3.091	/	26.957
	=	0.11

ProCook Group (LSE:PROC) 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.

ProCook Group Cash Ratio Related Terms

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ProCook Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ProCook Group PLC (LSE:PROC) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Street Modwen Park, Gloucester, GBR, GL10 3EZ

Website

https://www.procookgroup.co.uk

ProCook Group PLC is the UK's direct-to-consumer specialist Kitchenware brand. It is engaged in the designing, sourcing, and retailing of high-quality ranges of cookware, kitchen accessories, and tableware. Its kitchenware ranges offer a choice of over 1,600 cookware, kitchen accessories, and tableware items, all priced to appeal to a broad spectrum of customers across mid to premium price points. The Group has two operating segments, E-commerce and Retail, and the majority of its revenue generates from the retail business.