Lucas Bols NV has a Cash Ratio of 0.64. 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 Lucas Bols NV's Cash Ratio or its related term are showing as below:
LTS:0R6E'
s Cash Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.47 Max: 1.22
Current: 0.64
During the past 12 years, Lucas Bols NV's highest Cash Ratio was 1.22. The lowest was 0.06. And the median was 0.47.
LTS:0R6E's Cash Ratio is ranked better than 69.12% of 204
companies
in the Beverages - Alcoholic industry
Industry Median: 0.33
vs LTS:0R6E: 0.64
Lucas Bols NV Cash Ratio Historical Data
The historical data trend for Lucas Bols NV'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 Lucas Bols NV's Cash Ratio
For the Beverages - Wineries & Distilleries subindustry, Lucas Bols NV'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.
Lucas Bols NV's Cash Ratio Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Lucas Bols NV's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Lucas Bols NV's Cash Ratio falls into.
Lucas Bols NV Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Lucas Bols NV's Cash Ratio for the fiscal year that ended in Mar. 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.
Lucas Bols NV (LTS:0R6E) 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.
Lucas Bols NV Cash Ratio Related Terms
Thank you for viewing the detailed overview of Lucas Bols NV's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Lucas Bols NV is mainly involved in managing the product development, bottling, distribution, sales and marketing of the brands and a large group of Dutch genevers and liqueurs. It has Global brands and Regional brands segments. The company derives the majority of its revenues from the Global Brands segment which consist of the Bols Liqueurs range, Italian Liqueurs (Galliano and Vaccari), the white spirits portfolio (Bols Vodka, Bols Genever and Damrak Gin) and Passoa. The Regional Brands segment represent the brands which in general are sold on one continent and predominantly have an off-premise character. Geographically, the group has a business presence in Western Europe, Asia Pacific, North America and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LTS:0R6E has been successfully added to your 