Webis Holdings (LSE:WEB) Cash Ratio : 0.72 (As of Nov. 2023)

Webis Holdings Cash Ratio Chart

Webis Holdings Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Cash Ratio		Get a 7-Day Free Trial					0.47	0.61	0.58	0.82	0.51

Webis Holdings Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash Ratio	Get a 7-Day Free Trial															0.93	0.82	1.02	0.51	0.72

Competitive Comparison of Webis Holdings's Cash Ratio

For the Gambling subindustry, Webis Holdings'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.

Webis Holdings's Cash Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Webis Holdings's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Webis Holdings's Cash Ratio falls into.

Webis Holdings Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Webis Holdings's Cash Ratio for the fiscal year that ended in May. 2023 is calculated as:

Webis Holdings's Cash Ratio for the quarter that ended in Nov. 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.

Webis Holdings  (LSE:WEB) 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.

Webis Holdings Cash Ratio Related Terms

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Webis Holdings (LSE:WEB) Business Description