Rusta AB (publ) has a Cash Ratio of 0.18. 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 Rusta AB (publ)'s Cash Ratio or its related term are showing as below:
OSTO:RUSTA'
s Cash Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.18
Current: 0.18
During the past 3 years, Rusta AB (publ)'s highest Cash Ratio was 0.18. The lowest was 0.03. And the median was 0.07.
OSTO:RUSTA's Cash Ratio is ranked worse than 68.96% of 1105
companies
in the Retail - Cyclical industry
Industry Median: 0.39
vs OSTO:RUSTA: 0.18
Rusta AB (publ) Cash Ratio Historical Data
The historical data trend for Rusta AB (publ)'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 Rusta AB (publ)'s Cash Ratio
For the Department Stores subindustry, Rusta AB (publ)'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.
Rusta AB (publ)'s Cash Ratio Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Rusta AB (publ)'s Cash Ratio distribution charts can be found below:
* The bar in red indicates where Rusta AB (publ)'s Cash Ratio falls into.
Rusta AB (publ) Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Rusta AB (publ)'s Cash Ratio for the fiscal year that ended in Apr. 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.
Rusta AB (publ) (OSTO:RUSTA) 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.
Rusta AB (publ) Cash Ratio Related Terms
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Rusta AB (publ) is a leading company in the Nordic variety hard discount market. Its customer promise is to be a modern variety hard discount retailer making it easy to renew and refill at home at surprisingly low prices. It combines an offering of a wide and curated product assortment of everyday products, with good quality that covers frequent customer needs and wants at the lowest prices among comparable products with a convenient and positive in-store shopping experience. It has a wide multi-geographic presence with a network of 203 stores across Sweden, Norway, Finland, and Germany.
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