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MaltaPost (MAL:MTP) Cash Ratio : 0.51 (As of Mar. 2024)


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What is MaltaPost 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. MaltaPost's Cash Ratio for the quarter that ended in Mar. 2024 was 0.51.

MaltaPost has a Cash Ratio of 0.51. 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 MaltaPost's Cash Ratio or its related term are showing as below:

MAL:MTP' s Cash Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.64   Max: 0.93
Current: 0.51

During the past 13 years, MaltaPost's highest Cash Ratio was 0.93. The lowest was 0.25. And the median was 0.64.

MAL:MTP's Cash Ratio is ranked worse than
50.05% of 957 companies
in the Transportation industry
Industry Median: 0.51 vs MAL:MTP: 0.51

MaltaPost Cash Ratio Historical Data

The historical data trend for MaltaPost'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.

MaltaPost Cash Ratio Chart

MaltaPost Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.77 0.58 0.45 0.46

MaltaPost Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 0.48 0.45 0.34 0.46 0.51

Competitive Comparison of MaltaPost's Cash Ratio

For the Integrated Freight & Logistics subindustry, MaltaPost'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.


MaltaPost's Cash Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MaltaPost's Cash Ratio distribution charts can be found below:

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



MaltaPost Cash Ratio Calculation

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

MaltaPost's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash Ratio (A: Sep. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=6.868/14.836
=0.46

MaltaPost's Cash Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash Ratio (Q: Mar. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=8.465/16.652
=0.51

* 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.


MaltaPost  (MAL:MTP) 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.


MaltaPost Cash Ratio Related Terms

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MaltaPost Business Description

Traded in Other Exchanges
N/A
Address
305, Qormi Road, Marsa, MLT, 1001
MaltaPost PLC is a postal services company. It is the sole universal service provider of postal service in the Maltese islands. The company mainly collects and delivers mail to every address on the island, and operates through a comprehensive retail network of outlets. Mainstream sources of business include Postal, Philatelic, Insurance Commission, and Other. Geographically it earns revenue through its postal and related services from the International cross-border and the Malta market.

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