Zamil Industrial Investment Co has a Cash Ratio of 0.13. 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 Zamil Industrial Investment Co's Cash Ratio or its related term are showing as below:
SAU:2240'
s Cash Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.16
Current: 0.13
During the past 13 years, Zamil Industrial Investment Co's highest Cash Ratio was 0.16. The lowest was 0.04. And the median was 0.06.
SAU:2240's Cash Ratio is ranked worse than 75.4% of 1675
companies
in the Construction industry
Industry Median: 0.32
vs SAU:2240: 0.13
Zamil Industrial Investment Co Cash Ratio Historical Data
* 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 Zamil Industrial Investment Co's Cash Ratio
For the Building Products & Equipment subindustry, Zamil Industrial Investment Co'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.
Zamil Industrial Investment Co's Cash Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Zamil Industrial Investment Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Zamil Industrial Investment Co's Cash Ratio falls into.
Zamil Industrial Investment Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Zamil Industrial Investment Co (SAU:2240) 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.
Zamil Industrial Investment Co Cash Ratio Related Terms
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Zamil Industrial Investment Co (SAU:2240) Business Description
Zamil Industrial Investment Co is engaged in the development of design and engineering solutions for use in the construction industry. It designs and manufactures pre-engineered steel buildings, steel structures, air conditioning and climate control systems, telecom and transmission towers, process equipment, precast concrete building products, rock wool, fiberglass and engineered plastic foam insulations, and solar power projects. Its operating segments are the Air conditioners industry; the Steel industry; the Insulation industry; and Corporate and others. The key revenue is derived from the Air conditioners industry and the Steel industry. The company has a business presence in Saudi Arabia, Africa, and Other Asian countries, of which key revenue is derived from Saudi Arabia.
Zamil Industrial Investment Co (SAU:2240) Headlines
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