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RELL (Richardson Electronics) Cash Ratio : 0.64 (As of Aug. 2024)


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What is Richardson Electronics 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. Richardson Electronics's Cash Ratio for the quarter that ended in Aug. 2024 was 0.64.

Richardson Electronics 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 Richardson Electronics's Cash Ratio or its related term are showing as below:

RELL' s Cash Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.71   Max: 5.3
Current: 0.64

During the past 13 years, Richardson Electronics's highest Cash Ratio was 5.30. The lowest was 0.58. And the median was 1.71.

RELL's Cash Ratio is ranked better than
51.84% of 2450 companies
in the Hardware industry
Industry Median: 0.61 vs RELL: 0.64

Richardson Electronics Cash Ratio Historical Data

The historical data trend for Richardson Electronics'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.

Richardson Electronics Cash Ratio Chart

Richardson Electronics Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 1.34 0.98 0.68 0.76

Richardson Electronics Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 0.73 0.63 0.58 0.76 0.64

Competitive Comparison of Richardson Electronics's Cash Ratio

For the Electronic Components subindustry, Richardson Electronics'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.


Richardson Electronics's Cash Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Richardson Electronics's Cash Ratio distribution charts can be found below:

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



Richardson Electronics Cash Ratio Calculation

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

Richardson Electronics's Cash Ratio for the fiscal year that ended in May. 2024 is calculated as:

Cash Ratio (A: May. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=24.263/32.031
=0.76

Richardson Electronics's Cash Ratio for the quarter that ended in Aug. 2024 is calculated as:

Cash Ratio (Q: Aug. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=23.035/36.268
=0.64

* 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.


Richardson Electronics  (NAS:RELL) 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.


Richardson Electronics Cash Ratio Related Terms

Thank you for viewing the detailed overview of Richardson Electronics's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Richardson Electronics Business Description

Traded in Other Exchanges
Address
40W267 Keslinger Road, P.O. Box 393, LaFox, IL, USA, 60147-0393
Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.
Executives
James Benham director 40W267 KESLINGER RD., LAFOX IL 60147
Paul J Plante director C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER RD., LAFOX IL 60147
Kenneth Halverson director 40W267 KESLINGER RD., LAFOX IL 60147
Robert H Kluge director C/O RICHARDSON ELECTRONICS, LTD., 40W267 KESLINGER ROAD P.O. BOX 393, LAFOX IL 60147
Kathleen Mcnally officer: Sr. VP Global Supply Chain C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147-0393
Gregory J Peloquin officer: EVP, EDG 40W267 KESLINGER RD, P O BOX 393, LAFOX IL 60147-0393
Wendy Diddell officer: EVP Corporate Development C/O RICHARDSON ELECTRONICS, LTD., PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Jacques Belin director 40W267 KESLINGER RD., LAFOX IL 60147
Jens Frank Ruppert officer: EVP Canvys 40W267 KESLINGER ROAD, P.O. BOX 393, LAFOX IL 60147
Robert J Ben officer: CFO, CAO, Corporate Secretary 40W267 KESLINGER ROAD PO BOX 393, LAFOX IL 60147
Fitzgerald Patrick Thomas Iii officer: EVP Healthcare 40W267 KESLINGER ROAD, P.O. BOX 393, LAFOX IL 60147
James Dudek officer: Controller & Chief Accounting C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Kathleen S Dvorak officer: EVP & CFO C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Edward J Richardson director, 10 percent owner, officer: Chairman & CEO C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147
Sandeep Beotra officer: EVP Mergers & Acquisitions 40W267 KESLINGER RD., LAFOX IL 60147