RA International Group has a Cash Ratio of 0.95. 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 RA International Group's Cash Ratio or its related term are showing as below:
LSE:RAI'
s Cash Ratio Range Over the Past 10 Years
Min: 0.17 Med: 1.17 Max: 5.57
Current: 0.95
During the past 9 years, RA International Group's highest Cash Ratio was 5.57. The lowest was 0.17. And the median was 1.17.
LSE:RAI's Cash Ratio is ranked better than 81.95% of 1701
companies
in the Construction industry
Industry Median: 0.3
vs LSE:RAI: 0.95
* 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 RA International Group's Cash Ratio
For the Engineering & Construction subindustry, RA International 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.
RA International Group's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, RA International Group's Cash Ratio distribution charts can be found below:
* The bar in red indicates where RA International Group's Cash Ratio falls into.
RA International 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.
RA International Group's Cash Ratio for the fiscal year that ended in Dec. 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.
RA International Group (LSE:RAI) 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.
RA International Group Cash Ratio Related Terms
Thank you for viewing the detailed overview of RA International Group's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
RA International Group PLC provides integrated supply chain, construction and integrated facilities management services. The principal activity of RA International Group plc is providing services in demanding and remote areas. These services include construction, integrated facilities management, and supply chain services. The company's only reportable segment is the provision of services in demanding and remote areas. It offers civil and general construction services; operation and maintenance services. The company generates revenue from services such as Construction, Integrated facilities management, and Supply chain services. Its geographical segments include Africa and Others of which it derives a majority of its revenue from Africa.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LSE:RAI has been successfully added to your 