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Howa MachineryNGO:6203 62 Cash Ratio is 0.96 as of Mar. 2026, which is 35% above its 10-year median of 0.71. GuruFocus rates NGO:6203 with a GF Score™ of 62/100 and a GF Value™ of 円772.01. The stock has 7 warning signs investors should review. Among 3,036 Industrial Products companies, Howa Machinery ranks better than 76.38% on this metric.
Howa Machinery has a Cash Ratio of 0.96. 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 Howa Machinery's Cash Ratio or its related term are showing as below:
NGO:6203'
s Cash Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.71 Max: 1.16
Current: 1.16
During the past 13 years, Howa Machinery's highest Cash Ratio was 1.16. The lowest was 0.47. And the median was 0.71.
NGO:6203's Cash Ratio is ranked better than 76.38% of 3036
companies
in the Industrial Products industry
Industry Median: 0.49
vs NGO:6203: 1.16
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.
Howa Machinery Cash Ratio Related Terms
Howa Machinery Cash Ratio Historical Data
* Premium members only.
The historical data trend for Howa Machinery'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.
For the Specialty Industrial Machinery subindustry, Howa Machinery'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.
Howa Machinery Cash Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Howa Machinery's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Howa Machinery's Cash Ratio falls into.
* 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.
Howa Machinery (NGO:6203) has a Cash Ratio of 0.96 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Howa Machinery and its competitors. This is 35% above median its historical median of 0.71. Over the past decade, Howa Machinery's Cash Ratio has ranged from 0.47 to 1.16. According to the industry distribution chart, Howa Machinery ranks #717 out of 3036 companies in the Industrial Products industry, placing it in the top 23.6%.
Is Howa Machinery's Cash Ratio too high?
Howa Machinery's current Cash Ratio of 0.96 is 35% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.16. The Industrial Products industry median Cash Ratio is 0.49. Howa Machinery's value of 0.96 is 95.9% above this industry median. Based on the distribution chart, Howa Machinery ranks #717 out of 3036 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Howa Machinery has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Howa Machinery's Cash Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Howa Machinery ranks #717 out of 3036 companies for Cash Ratio. This places Howa Machinery in the top 24% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 0.49. Howa Machinery's value of 0.96 is 95.9% above this benchmark. Historically, Howa Machinery's own Cash Ratio has ranged from 0.47 to 1.16 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.49, Howa Machinery has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for an Industrial Products company?
The median Cash Ratio among Industrial Products companies is 0.49, based on 3,036 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Howa Machinery's current Cash Ratio of 0.96 is 95.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Howa Machinery and its competitors. For the Industrial Products industry, the median Cash Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howa Machinery's current Cash Ratio is 0.96, which is 35% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howa Machinery stock overvalued right now?
Howa Machinery (NGO:6203) has a current Cash Ratio of 0.96. The stock's GF Value™ is 円772.01, compared to a current price of 円2,098.00 — trading 171.8% above its estimated fair value. The current Cash Ratio is 0.96, which is 35% above median its 10-year median of 0.71 and 95.9% above the Industrial Products industry median of 0.49. Howa Machinery's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Howa Machinery (NGO:6203), the current Cash Ratio is 0.96 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Howa Machinery (NGO:6203) Overvalued in 2026?
Based on GuruFocus' analysis, Howa Machinery stock appears to be overvalued.
The current stock price of 円2,098.00 is trading 171.8% above its estimated GF Value™ of 円772.01.
Key valuation signals for NGO:6203:
Cash Ratio: 0.96 (35% above median its 10-year median of 0.71)
GF Value™: 円772.01 vs. price of 円2,098.00 (171.8% above fair value)
Industry Position: 95.9% above the Industrial Products median (#717 of 3036)
No single metric tells the full story. See the NGO:6203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howa Machinery Ltd engages in the manufacture and sale of machine tools, pneumatic and hydraulic equipment, electronic machines, firearms, construction materials and construction machinery.
62GF Score
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